Mom told me not to get life insurance because cryogenic storage of our bodies "will get cheaper when (I'm) older like how cellphones got cheaper." Will it ever trend that way as cryotech continues to advance?
So it takes $200k to cryopreserve my body at Alcor today. She believes it'll become $10k when I'm old enough to die of old age. She believes that after decades of putting my money towards a diversified mutual fund investment portfolio (which will start after I'm out of debt) and making that my passive income, I can pay $10,000 with my investments to reserve a cryonic storage vat for if I pass away.
She doesn't like that I'd be paying $75/month for a $250k 30-year term life policy when I have 3 debts left to pay off first (2 student loans and an auto loan). She also states that since USAA and Liberty Mutual already denied my life insurance (for, respectively, Schizotypal Personality Disorder and Delusional Disorder), State Farm will likely deny my life insurance application as well.
She also claims that since I already have an Auto policy at State Farm, what their underwriters will find in my medical and mental health records will also influence my auto insurance rates - as in they will jack up or even drop my auto policy. She claims that State Farm's office employees will say they won't let my medical and mental health records change my auto premiums but that they still will.
She understands that cryonically preserving the head is $80,000, and cryonically preserving the whole body is $200,000 but believes that like how cellphones got cheaper, cryopreserving ourselves will get cheaper too.
After all, the 1984 Motorola DynaTac cellphone cost $3,995 in 1984's dollars, about $13,000 today, and it couldn't even provide text messaging. Not to mention the battery only lasted 30 minutes from a full charge, and to charge from 0-100% took 10 hours. And now, over 40 years later, smartphones have far more features, functionalities, battery life and capabilities and the most expensive kinds might not even break $2,000.
So like how cellphones got cheaper, she believes we can cryonically preserve our bodies cheaper someday too, for only $10,000.
Are the costs of cryonic preservation going to trend downward as Mom believes they will, like how cellphones did as their technology improves? Or will they only trend upwards? (Either way, how come?)
And what other relevant advice do you have for this situation?
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