My mom thinks that, similar to how cellphones have become cheaper over time, the cost of cryonic preservation will also decrease as technology advances. Right now, it costs about $200,000 to cryopreserve a body, and she believes that in the future it might only cost $10,000. She's basing this belief on how prices for technology have dropped, like the Motorola DynaTac cellphone. She thinks that by focusing on her investments and not getting life insurance, I could save up for cryonics. However, I'm also facing hurdles getting life insurance due to my medical history, and I'm wondering if the costs of cryonic preservation will really trend down as Mom believes, or are they likely to go up? Also, any thoughts or advice pertinent to this situation?
1 Answer
It's good to remind your mom that life insurance isn't just for old age. If you're involved in a job with risks, or live in an area prone to natural disasters, having insurance can be beneficial. But if you don’t have dependents and you're not at significant risk, you might not need it just yet. So, weigh your options carefully when it comes to setting up a policy down the line.
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