Tough financial question about cryonics: I’ve been looking into the infinite banking idea, which actually has credible supporters, and basically involves using a mutual whole life insurance policy as a tax shelter for your earnings, allow you to accumulate dividends thereon tax free (“’cause it’s to provide for the spouse and kids”), and withdraw from your premiums and borrow against yourself (and pay yourself back).
Would having one mutual whole life insurance policy keep you from having a separate policy of the kind of life insurance needed to fund a cryonic self-preservation project? Would the mutual whole life policy itself be a way to fund cryopreservation?
Tough financial question about cryonics: I’ve been looking into the infinite banking idea, which actually has credible supporters, and basically involves using a mutual whole life insurance policy as a tax shelter for your earnings, allow you to accumulate dividends thereon tax free (“’cause it’s to provide for the spouse and kids”), and withdraw from your premiums and borrow against yourself (and pay yourself back).
Would having one mutual whole life insurance policy keep you from having a separate policy of the kind of life insurance needed to fund a cryonic self-preservation project? Would the mutual whole life policy itself be a way to fund cryopreservation?