I would like to outline what the client agreement would look like without so much of the legal detail that such agreements tend to have and I hope that this post will also provide more information of what we believe we can do for you.
The services that CSA provides are in three stages. Let me briefly explain what we do in each.
Stage one is what we do for you now. Basically, this is the setting up of your cryonics suspension and financial arrangements. I want to stress that we do not give legal, financial planning, insurance or similar advice. What we do is coordinate with qualified experts in these areas the best arrangements for you to have a cryonics suspension available with a recognized cryonics organization, when you need it.
So what are the financial arrangements in stage one? One of them is the life insurance policy to pay for your future cryonics suspension and other associated activities. The other is the initiation of a long term trust. You do not need to put funds into the trust yet, but we need to set it up early. Then we work together to decide which organization you want to handle your eventual cryonics suspension. Suppose you choose Cryonics Institute in the USA. We arrange and complete all the documentation for you to sign. We also link your life insurance policy into their agreement, in line with their requirements. In case life insurance is not applicable to you, we investigate what other financial arrangements you can make. Basically we see you doing very little for this stage. We do it all for you while making sure you understand what is happening each step of the way.
If yours is a fairly standard arrangement, and most are, we plan to charge about $2,500 to $5,000 one time fee. After this is done you will still have ongoing obligations. For instance, remember that life insurance policy set up for you. There will be a few others as well. e.g. membership of the cryonics organizations and subscription fees for CSA, but these others are small. The big one is life insurance. We will try to work this so all of these together cost you about the price of a cup of take-away coffee a day. Okay that’s advertising talk. Plainly put, it works out to about $1,100 to $1,400 a year. Yes, that’s what that coffee a day adds up to.
Stage two takes us to the period from after the arrangements are made in stage one, up to the time of your suspension. You do not have to participate in this stage two. We will recommend that you do, but it is up to you. Stage two has a subscription fee of $190 a year. And yes, it is included in that cost of the one take-away coffee a year.
So what do you get in this stage two? At this stage we have identified the following but we plan to add more:
- Access to a protected area of our web site which will provide you with communications with other subscribers, a bulletin board of latest information and activities, special offers and tailored information only available to subscribers
- Identification material to be used in emergencies which identify your requirements and contacts, personal data storage for your documentation, and coordination of back-to-base arrangements.
- Details of the arrangements we have made for you, with all the updates as they occur
- Access to upgrades to the processes and service provided by CSA
- Ongoing advice about your arrangements, including enhancements or updates. An example of this may be that in Australia, life insurance becomes almost unaffordable past the age of 65. CSA will advise you of other more affordable ways to maintain your funds.
- If you are a subscriber for three straight years, immediately before and up to the time of your suspension, you have access to CSA’s stage three services. If you are younger, you may decide to not be a subscriber at this stage and take it on later in life to make sure you get the advantages of the three straight years.
Stage three is around the time of your suspension. The list of what we will do here is quite substantial. And please remember all the costs of these are from the financial arrangements (e.g. the life insurance policy) we set up for you in stage one. The following is a brief list and, of course, depends on your wishes as to what you want us to cover. It includes :
- Finalize your funds with the trust you had set up in stage one
- Set up a second type of quasi-trust, which will provide back-up long term funds, for issues that may occur while you are suspended (e.g. being moved), for revival should they prove necessary, plus many other contingencies.
- Arrange various forms of transportation and preparation, including overseas transportation
- Include limited standby at your hospital bed to ensure that you are prepared for you suspension
- Make sure all the legal documentation is in order including health requirements and overseas transport requirements
- Provide support for your family, including, should they wish, a memorial service and professional counseling.
Remember this is all being paid for by the life insurance policy costing that approximate price of one cup of take-away coffee a day. You are not paying extra for all this. Of course this life insurance also pays for your suspension with the suspension organization you chose in stage one.
Okay a lot of words and some can be quite confusing. Let me summarize it all. For about $3000, plus any fees the professional organizations will charge, we set all this up for you. Then you pay about the price of 1 cup of take-away coffee a day, mostly for life insurance, until the time of your suspension and you get a suspension by a recognized cryonics organization, plus everything listed in the above, if you want it.
Regards, Peter T