I would like to outline how Cryonics Services Australia Pty Ltd (CSA) develops a plan for coordinating your cryonics needs. Please keep in mind that CSA is not providing financial, insurance, legal or any other similar services, advice or products. All these will be provided by licensed qualified specialists. CSA is coordinating these services specifically for your cryonics needs.
Here is what happens:
Step 1 (free of charge)
CSA prepares a written plan for your specific situation. This will include, among other things, selection of a cryonics storage organization, very long term trust arrangements and suggestions of methods of financing these, usually through life insurance. For this CSA will need only your date of birth and permanent address, primarily so some estimates may be made for the cost of life insurance. In this plan all the numbers will be estimates based on generic information CSA has. The actual amounts, specifically tailored to you, will be determined when the plan is implemented with the professional service providers (e.g. life insurance brokers) in step 3 below. I do not think you will get big surprises between the actual and CSA’s numbers and also remember that no commitments on your part are made yet.
Step 2 (free of charge)
CSA discusses the plan with you and it is modified as necessary, based on the discussions.
Step 3 (should you proceed with the plan, costs shown below)
If you are happy with the plan, you and CSA sign an agreement covering what will be done. This will include CSA’s fees, as well as indications of other 3rd party costs. CSA then implements the plan for you and coordinates your requirements with all the service providers. e.g. life insurance, long term trust, cryonics organization of your choice etc. CSA will need more information from you to do this. CSA will organize all this, where possible, using standard templates and complete all the documentation for you (based on the information you provide). One of CSA’s services is to handle this coordination so it is as hassle free as possible for you. You, of course, will be able to read all the documentation, comment, query, adjust, fill out what you want yourself, before you personally sign off with these service providers. CSA will not be entering into any agreements/commitments on your behalf. You will be the sole decider of what you do and sign off on. Also, if there is private information you do not wish CSA to know that can be handled appropriately.
Here is an idea of the estimated up front fees you may have to pay. They only come into play in step 3.
• CSA’s fee is about $2,500 to $4,500 and depends on the range of services you need coordinated. The usual fee will be about $3,000.
• If you have special requirements, which are outside the templates CSA offers, then the extra CSA fees/costs will need to be determined. Usually the extra costs relate to lawyers or accountants fees. Typically CSA would recommend not deviating from the established templates. The final decision is however yours.
• “Trust set up fees” paid to the Trust organization: about $3,000
• Initial fee to cryonics organization: $200
• Any banking/other set up fees : probably less than $200.
• If you need your lawyers/accountants to look at something, then, understandably, you will need to pay for that.
• If you need to travel for say US life insurance then you would incur additional travel expenses.
After your plan is implemented, the ongoing fees will be primarily for life insurance premiums and memberships/subscriptions.
I look forward to your questions.
Regards, Peter T