Also, insurance companies often front-load the premium payments relative to actuarial risk: at first you pay more than the actuarially fair amount, and less later. The insurance companies know that many people will eventually let the coverage drop due to financial trouble, error, etc so there is a cross-subsidy to those who make use of the whole policy (similar to the way one can get free loans from credit card companies by always paying the monthly bill, which the companies accept as a cost of acquiring customers who will take out high-interest balances).
This makes life insurance more desirable for someone unusually likely to keep the coverage for its whole term, and less so for the typical person.
Well, we're talking about cryonicists, not typical people. Typical people might be better off with term insurance. Cryonicists might be better off with whole life insurance.
Insurance is not an investment, it's insurance.
In June 2012, Robin Hanson wrote a post promoting plastination as a superior to cryopreservation as an approach to preserving people for later uploading. His post included a paragraph which said:
This left me with the impression that the chances of the average cryopreserved person today of being later revived aren't great, even when you conditionalize on no existential catastrophe. More recently, I did a systematic read-through of the sequences for the first time (about a month 1/2 ago), and Eliezer's post You Only Live Twice convinced me to finally sign up for cryonics for three reasons:
I don't find that terribly encouraging. So now I'm back to being pessimistic about current cryopreservation techniques (though I'm still signing up for cryonics because the cost is low enough even given my current estimate of my chances). But I'd very much be curious to know if anyone knows what, say, Nick Bostrom or Anders Sandberg think about the issue. Anyone?
Edit: I'm aware of estimates given by LessWrong folks in the census of the chances of revival, but I don't know how much of that is people taking things like existential risk into account. There are lots of different ways you could arrive at a ~10% chance of revival overall:
is one way. But:
is a very similar conclusion from very different premises. Gwern has more on this sort of reasoning in Plastination versus cryonics, but I don't know who most of the people he links to are so I'm not sure whether to trust them. He does link to a breakdown of probabilities by Robin, but I don't fully understand the way Robin is breaking the issue down.