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Alsadius comments on I Will Pay $500 To Anyone Who Can Convince Me To Cancel My Cryonics Subscription - Less Wrong
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My objection to cryonics is financial - I'm all for it if you're a millionaire, but most people aren't. For most people, cryonics will eat a giant percentage of your life's total production of wealth, in a fairly faint-hope chance at resurrection. The exact chances are a judgement call, but I'd ballpark it at about 10%, because there's so very many realistic ways that things can go wrong.
If your cryonics insurance is $50/month, unless cryonics is vastly cheaper than I think it is, it's term insurance, and the price will jump drastically over time(2-3x per decade, generally). In other words, you're buying temporary cryonics coverage, not lifetime. That is not generally the sort of thing cryonics fans seem to want. Life insurance is a nice way to spread out the costs, but insurance companies are not in the business of giving you something for nothing.
$50/month is for universal life insurance. It helps that I'm young and a non-smoker.
What payout? And "universal life" is an incredibly broad umbrella - what's the insurance cost structure within the UL policy? Flat, limited-pay, term, YRT? (Pardon the technical questions, but selling life insurance is a reasonably large portion of my day job). Even for someone young and healthy, $50/mo will only buy you $25-50k or so. I thought cryonics was closer to $200k.
$100k. Cryonics costs vary with method and provider. I don't have exact up-to-date numbers, but I believe the Cryonics Institute charges ~$30k, while Alcor charges ~$80k for "neuro" (i.e. just your head) or ~$200k for full-body.
Running the numbers, it seems you can get a bare-bones policy for that. I don't tend to sell many bare-bones permanent policies, though, because most people buying permanent insurance want some sort of growth in the payout to compensate for inflation. But I guess with cheaper cryo than I expected, the numbers do add up. Cryo may be less crazy than I thought.