Second, even given his age, he could afford to sign us both up easily
This doesn’t answer your main question, but I imagine that if sufficient money is available it will be cheaper in the long run to just buy the cryonics outright, on the general principle of never insuring something you can afford.
I find it hard to reconcile the three statements (1) he has a reasonably high income, (2) he is very good at budgeting, and (3) he doesn’t have anywhere close to $80,000 lying around at age ~60. I mean, isn’t it kinda imprudent not to have substantial savings available at that age? and if you’re good at budgeting, wouldn’t you have arranged that if you could? and if you have a reasonably high income, oughtn’t it have been possible to accumulate a good quantity of savings by age (let’s say) 55?
(Perhaps he has ample savings but they’re all in illiquid forms like a house and a pension fund?)
[EDITED to add: Oh, and: If he doesn’t have anywhere near the eventual cost of suspension handy now, are you really sure he could easily afford an insurance policy that would pay out that much on his death? Note that “can easily afford” means more than just “can find the money”.]
maybe he would consider the one of the less expensive cryonics organizations. I heard the Cryonics Institue will cryo preserve people for 28,000$. This is somewhat more palitable for many people.
This doesn’t answer your main question, but I imagine that if sufficient money is available it will be cheaper in the long run to just buy the cryonics outright, on the general principle of never insuring something you can afford.
He doesn’t have anywhere close $80,000 laying around though; he’s just has a reasonably high income and is very good at budgeting.
I find it hard to reconcile the three statements (1) he has a reasonably high income, (2) he is very good at budgeting, and (3) he doesn’t have anywhere close to $80,000 lying around at age ~60. I mean, isn’t it kinda imprudent not to have substantial savings available at that age? and if you’re good at budgeting, wouldn’t you have arranged that if you could? and if you have a reasonably high income, oughtn’t it have been possible to accumulate a good quantity of savings by age (let’s say) 55?
(Perhaps he has ample savings but they’re all in illiquid forms like a house and a pension fund?)
[EDITED to add: Oh, and: If he doesn’t have anywhere near the eventual cost of suspension handy now, are you really sure he could easily afford an insurance policy that would pay out that much on his death? Note that “can easily afford” means more than just “can find the money”.]
maybe he would consider the one of the less expensive cryonics organizations. I heard the Cryonics Institue will cryo preserve people for 28,000$. This is somewhat more palitable for many people.