NOTE: Your specific cost will vary with your funding method (e.g. life insurance, prepaid cash or equivalent, trust, or annuity). Your cost to fund through life insurance can be as modest as $1 to $5 per day depending on your age, health, and the type of policy you choose. For complete current funding options and sample insurance rates, see Funding Methods. Please feel free to call Diane Cremeens for assistance at 877-462-5267.
Alcor Cryopreservation Agreement - Schedule A
Required Costs and Cryopreservation Fund Minimums
This Schedule lists the various expenses and Cryopreservation Funding Minimums which the Alcor Life Extension Foundation requires from its Applicants and Members in connection with their cryopreservation arrangements. Except where noted otherwise, any of these expenses and Cryopreservation Funding Minimums may be changed by Alcor with ninety (90) days written notice to the Members. Expenses for non-member cryopreservations are also specified below. Under such circumstances, no Membership Dues are paid. Instead, there is a surcharge that compensates for this and safeguards Alcor against the possibility of unforeseen legal difficulties.
I. Required Cryopreservation Funding Minimums: Before membership approval can be granted, Alcor requires the Member to guarantee a certain level of funding which will be paid to Alcor upon the legal death of the Member to support Comprehensive Member Standby (CMS), in addition to the cryopreservation, long-term care, and, if it becomes possible, resuscitation of the Member. (See Cryopreservation Agreement, Section I, DUTIES OF THE MEMBER, Article 4.) Current minimum funding levels are:
Minimum Cryopreservation Funding:
- $200,000.00 Whole Body Cryopreservation ($115,000
to the Patient Care Trust,
$60,000 for cryopreservation, $25,000.00 to the CMS Fund).
- $ 80,000.00 Neurocryopreservation ($25,000
to the Patient Care Trust,
$30,000 for cryopreservation, $25,000.00 to the CMS Fund).
- $ 15,000.00 Surcharge for cases in the United Kingdom.
- $ 25,000.00 Surcharge for cases outside the U.S., Canada, and the United
- $ 25,000.00 Surcharge for cryopreservation of non-members arranged by a third party who is an Alcor Cryopreservation Member.
- $ 50,000.00 Surcharge for cryopreservation of non-members arranged by a third party who is not an Alcor Cryopreservation Member.
Only the Minimum Cryopreservation Funding for the procedure elected by the Member in Attachment 1: Decisions Concerning the Member's Cryopreservation, Section I will apply.
II. Proof of Funding: Before being accepted into Alcor's program, and on an on-going basis throughout the life of the Cryopreservation Agreement, the Member shall provide proof that the minimum funding listed above is payable to Alcor. Acceptable proof includes the following:
1. In the case of an insurance policy the Member shall:
- A) Transfer ownership of the policy to Alcor - Alcor provides a Buy-Back
Agreement guaranteeing no changes will be made to the policy without the Member's
- B) Name Alcor as the beneficiary of the policy. Accepted insurance companies must be rated as "A-" or better by A.M. Best.
2. In the case of prepayment the Member shall provide Alcor with the minimum cryopreservation amount through such payment methods as cash, money order, wire transfer, etc… These funds will be placed into either a bank account or Alcor's pre-approved trust agreement. Template trust samples are available upon request.
These are the two primary funding mechanisms that provide both Alcor and the Member with the necessary protection. This is important to Members who want assurance that Alcor will remain financially strong and capable of providing sound protection for patients in cryopreservation, as well as offering assistance to future clients. Naming Alcor as only the irrevocable beneficiary or collateral assignee can be problematic and is not recommended to fund the cryopreservation.
III. Membership Dues: Alcor charges Membership Dues to all living Members to support the advancement of its programs. (See Cryopreservation Agreement, Section I, DUTIES OF THE MEMBER, Article 3.) Ninety percent of these Membership Dues are tax exempt. Dues can be paid annually, semi-annually, quarterly, or monthly. Alcor may increase the standard rate with thirty (30) days written notice to the Member. All payments are non-refundable unless otherwise specified.
Current Membership Dues are:
- First family member: $620.00 annually or $312 semi-annually or $156.00 quarterly or $53 monthly
- Each additional family member aged 18 and over, and full-time students aged 25 and under: $310.00 annually or $156 semi-annually or $78.00 quarterly or $26 monthly
- Each minor family member under 18: $155.00 annually or $78 semi-annually or $39 quarterly or $13 monthly
- Full-time student aged 26 to 30: $465.00 annually or $234 semi-annually or $117 quarterly or $39 monthly
- Long-term members (total membership of 20 years or longer): $434.00 annually or $218 semi-annually or $109 quarterly or $37 monthly
IV. Standby Charges
For Members residing in the continental U.S. and Canada: Alcor will provide Comprehensive Member Standby (CMS) to all Members (standby in Canada may be subject to delays due to customs and immigration requirements), which includes all rescue activities up through the time the legally pronounced Member is delivered to the Alcor operating room for cryoprotection. This charge is waived for full-time students under age 25 and minors (18 and younger). This charge may be waived in part or in whole, with approval from two of the following Alcor officials: CEO, Vice President, Technical Operations Director, or Chairman of the Board. All Members are subject to a waiting period of 180 days for CMS from the date signup arrangements are completed. All payments are non-refundable.
Current CMS charges are:
$180.00 annually, $90.00 semi-annually, $45.00 quarterly, or $15.00 monthly
Any Member not already residing in the greater Phoenix, Arizona area who is diagnosed as being terminally ill with a prognosis of ninety (90) days or less and who relocates to a residence or terminal care facility in the greater Phoenix, Arizona area will be entitled to a one time $10,000.00 expense relocation reimbursement, from the CMS fund pool, payable to the Member or the Member’s legal representative. A different geographic location may be chosen by the Board for the purposes of this relocation reimbursement.
Types of Standby include:
Level One - Full Standard Standby: It is determined that the Member is at high risk of legal death in an immediate or short term time frame (within seven days). A fully equipped team, according to the standards of care existing at the time, will be deployed to the Member’s location at the full expense of the CMS fund pool.
Level Two - Intermediate Level Standby: It is determined that the Member is at medium risk of legal death in an immediate or short-term time frame (within seven days) and will benefit from a reduced degree of on-site or remote monitoring, consultation, and preparation. This CMS expense will be paid out of the CMS fund pool. Should the Member so desire, he or she may upgrade the standby level by pre-funding deployment up to Level One.
Level Three - Elective Standby: The Member does not qualify for Level One or Two Standby and Transport coverage and wishes to have a self-funded standby. The Member will pay for this standby, as it is prudently available, at a price to be quoted depending on the level of support requested. Members who choose Elective Standby must do so prior to being admitted to a hospital for elective or low-risk surgery.
For Members residing outside the continental U.S. and Canada: With appropriate funding, Alcor will provide Standby to any Member located in a domestic residence or facility which is accessible by paved street. During a Standby, a team of Alcor technicians launch a rescue operation for the terminal Member so that preservation procedures can be promptly initiated following the pronouncement of legal death (see Emergency Standby Provisions). Standby must be arranged on an individual contract basis, and payment must be made in advance of need or arranged through a credit card.
V. Changes to Arrangements: All Members owe the cryopreservation minimum in effect at the time of membership approval for the elected method of cryopreservation, subject to the provisions of Section II, DUTIES OF ALCOR, Article 2, of the Cryopreservation Agreement. If a Member changes his or her elected method of cryopreservation the Member will owe the cryopreservation minimum in effect at the time of the change.
Revised January 1, 2013