There's a pretty good chance that in 10 years, you will have a good deal more information about the efficacy of cryonics; the best options; and/or your personal financial situation. So there's something to be said for buying a 20 year level policy and reevaluating things half-way through.
Yes, you are taking the risk that during the next 10 years you will become uninsurable and unable to earn the necessary money to save for 10 years and pay out of pocket. But I would guess this is a pretty small risk compared to the other risks you face, for example the risk of dying in such a way that cryonics is unable to preserve you.
FWIW I carry a good deal of term insurance; no whole life insurance; and am not signed up with Alcor or anyone else. I am very much taking a "wait and see" approach, which I realize is less conservative than signing up now and doing it with whole life insurance.
Your chances of dying before middle age are relatively small. Your chances of dying in a way that renders your brain preservable, before middle age, are astronomically small. Thus, although whole life costs around 2^3 as much as term, whole life provides something around 2^8 the benefit.
Hello,
one question that I don't see answered is what is the duration of your life insurance? Should I buy life insurance for 20,30 years or unlimited?
I could pay more for a longer life insurance or pay less for an insurance that will cover 20 years and invest the difference and then some so that by the end of 20 years I will *hopefully* have enough money to pay for cryonics out of my own pocket.
Has anyone done an analysis on that?