The general idea of term insurance is to ensure that your heirs get something if you die during the n years it takes you to build them an inheritance. The cryonics equivalent of this idea is that you don’t need whole life insurance if you expect over the term of the insurance to save enough money to pay for cryonics out of pocket.
The general idea of term insurance is to ensure that your heirs get something if you die during the n years it takes you to build them an inheritance.
I think the idea is to ensure an income during the term of childhood; when the term ends, one expects that they are capable of supporting themselves. If it were about inheritance, then it would be comparable to cryonics, but I don’t think it is.
From Wikipedia: “Many financial advisors or other experts commonly recommend term life insurance as a means to cover potential expenses until such time that there are sufficient funds available from savings to protect those whom the insurance coverage was intended to protect.” That’s the idea I meant to convey; the above phrasing nicely covers both the “inheritance” and “funding cryonics” cases.
The general idea of term insurance is to ensure that your heirs get something if you die during the n years it takes you to build them an inheritance. The cryonics equivalent of this idea is that you don’t need whole life insurance if you expect over the term of the insurance to save enough money to pay for cryonics out of pocket.
I think the idea is to ensure an income during the term of childhood; when the term ends, one expects that they are capable of supporting themselves. If it were about inheritance, then it would be comparable to cryonics, but I don’t think it is.
From Wikipedia: “Many financial advisors or other experts commonly recommend term life insurance as a means to cover potential expenses until such time that there are sufficient funds available from savings to protect those whom the insurance coverage was intended to protect.” That’s the idea I meant to convey; the above phrasing nicely covers both the “inheritance” and “funding cryonics” cases.