It seems a more durable policy has a much greater chance of surviving a bankruptcy, divorce, or other financial upset (far more common in a lifetime that folks care to admit) that could wipe out savings or assets. We shouldn’t underestimate the value of separation/legal protection for the assets we want to use to fund cryopreservation. This doesn’t seem to be covered at all in mainstream financial advice and that seems like a mistake. Specifics are hard to come by, but cash or investment accounts are effectively fair game if you owe anyone money for any reason. Accounts that have more strings attached on how you can spend the funds (e.g., various tax-sheltered accounts, trusts, presumably life insurance) seem to have proportionally more protection from being seized, at least to a first approximation, but as I said, seems to be very under documented. I’d be eager to hear about it if someone had more luck hunting down that info than I did.
It seems a more durable policy has a much greater chance of surviving a bankruptcy, divorce, or other financial upset (far more common in a lifetime that folks care to admit) that could wipe out savings or assets. We shouldn’t underestimate the value of separation/legal protection for the assets we want to use to fund cryopreservation. This doesn’t seem to be covered at all in mainstream financial advice and that seems like a mistake. Specifics are hard to come by, but cash or investment accounts are effectively fair game if you owe anyone money for any reason. Accounts that have more strings attached on how you can spend the funds (e.g., various tax-sheltered accounts, trusts, presumably life insurance) seem to have proportionally more protection from being seized, at least to a first approximation, but as I said, seems to be very under documented. I’d be eager to hear about it if someone had more luck hunting down that info than I did.