Alcor News

Alcor News

News Blog of the Alcor Life Extension Foundation

Alcor Membership Reaches 1000

On September 24, 2014, Alcor’s membership reached 1000 for the first time.

This is the first time any cryonics organization has had this many members with full financial and contractual arrangements for cryopreservation. (Counting all classes of members, total membership is 1255.)

This represents a tiny fraction of the population of the United States and an even smaller fraction of global population. Alcor and other cryonics organizations have a very long way to go until they have persuaded a substantial portion of the population to make cryonics arrangements. Even so, this is a milestone worth noting and celebrating.

Annual Southern California CryoFeast and networking event

Please join us to kick off the holiday season with other Southern California Cryonicists, life extensionists, futurists, longevity and health enthusiasts.

This is an opportunity for you to meet up with old friends, make some new ones and you might even meet the perfect person to collaborate with on a project you’ve been thinking about or working on. We hope you can join us to start off the holiday season with a bang and we look forward to seeing you!

Date:             Saturday November 15th
Time:            5:00 PM to 9:30 PM
Location:      The Colony across from Fashion Island
                        (inside the Clubhouse)
                        5000 Colony Plaza Newport Beach, CA

This event will be a POT LUCK so please bring a dish and something you’d like to drink. Try to bring a tasty but healthy dish (and if you bring something that needs to be heated, no problem, we have an oven to warm it up).

You’re welcome to bring GUESTS….the more the merrier! Please ask each person to bring a dish and something they wish to drink. Please RSVP for each so we know how many guests to expect! There is a guard gate. Tell the attendant that you are coming to the party in the clubhouse and if your name is on the list they’ll let you and your party in (make sure you RSVP with your name and those in your party so they maybe added to the list.)

Please call Kat Cotter at 310-528-6712 if you have any questions.

On the day of the event, call Dave Kekich at 213-528-6712 if you need help finding the party.

Hope to see you there!               

 

Alternative Funding Methods Introduced

Until now, Alcor has accepted only highly-assured means of payment such as life insurance, trusts, or prepayment for cryopreservation minimums. We will accept, on a limited basis, alternative funding methods. Here is the proposal that was passed at the September 13, 2014 board meeting:

On an individual basis, Alcor will accept partial payment for cryopreservation from alternative funding methods such as real estate, 401(k) plans, and bequests at a 50% discount from net assets in order to allow for risk. These alternative payment methods may be used only up to a maximum of 50% of current cryopreservation minimums. Acceptance of alternative funding methods in any individual case is subject to review by Alcor and will be approved, if at all, only after checking for possible conflicting claims, after attempting to verify the current value of assets, and while putting in place regular checks on future value.

Overseas Surcharges Reduced

Until now, Alcor has added surcharges for the cryopreservation minimum for members outside the USA and Canada to compensate for higher response and transport costs. After reevaluating these costs – and despite a recent commitment to providing a higher level of response – Alcor is reducing these surcharges. The former surcharges were $15,000 for the UK and $25,000 for other countries. The new, universal surcharge is $10,000.

CMS Waiver passed at the 2014 Annual Meeting saves many members $180 per year

The Comprehensive Member Standby (CMS) fund enables Alcor to provide standby, stabilization, and transport services to all members in the United States and Canada. This is a critical part of the cryopreservation process. See: http://alcor.org/BecomeMember/standby.html

The CMS has been funded by a fee of $180 per year. At the September 13, 2014 board meeting, the Board unanimously voted in favor of the president’s proposal to waive the CMS fee for all members who have at least $20,000 in funding above current cryopreservation minimums.

Here is the motion that passed:

This is a Motion to create a new, optional CMS (Comprehensive Member Standby) payment mechanism:

1) Alcor will make available a new option on Attachment 1 to the Cryopreservation Agreement that will allow members to meet their obligation to make regular CMS payments by increasing their cryopreservation funding.

2) If a member selects this new option:

a) The member’s cryopreservation funding minimum will be increased by $20,000.

b) The member will not be required to pay regular CMS fees.

c)  Upon the member’s cryopreservation an additional $20,000 will be paid from their cryopreservation fund to the CMS Fund.

3) Any member whose funding meets Alcor’s current minimum requirements (including all applicable surcharges) can revise their membership agreement and select this new option at any time they so choose.

4) Following a 90 day reconsideration period, a member’s selection of this new option cannot be reversed and will become permanent.

5) Existing allocations to CMS are unchanged, as are other allocations to other funds, and all other fees and payments.

6. The board will review the impact of this motion annually to determine if any further changes are needed.

Membership Dues Reduced by 10%

We are pleased to announce that Alcor is reducing membership dues for the second consecutive year. Starting January 1, 2015, dues for Alcor cryopreservation members paying the full rate (currently $590) will be reduced by 10% (rounded to $530). Dues for members receiving any discount will not be changed.

We are able to do this thanks to strong finances. We hope and expect that this reduction in costs (especially combined with other measures about to be announced) will make it easier for financially stressed members to stay with us, and to attract new members. The resulting membership growth will result in economies of scale and therefore the probability of even lower membership costs.

SA’s Open House for the new facility in California–November 14, 2014, 4pm-8pm

Did your receive a postcard announcing: “SA, Suspended Animation: We’re Expanding!” with the date of SA’s Open House? Some people have called Alcor, puzzled. For those who don’t read much that we send out: Suspended Animation is our partner, handing standby, stablization, and transport for all Alcor members living within the USA but outside Arizona. These postcard were mailed by Alcor on behalf of SA. No addresses were given to SA.

2014 Annual Meeting

The 2014 Alcor Annual Meeting will be held on Saturday, September 13th at 9:00 AM (PDT) at the Alcor facility (7895 East Acoma Drive in Scottsdale, AZ). The elections of directors and officers will be conducted at this meeting and a wide range of topic will be discussed publicly both before and after a lunch break. Members and the public are encouraged to attend this meeting. The 2014 Strategic Meeting is also scheduled the same weekend. Some sessions are closed but a summary of the topics discussed at the 2014 Strategic Meeting will be posted to our blog and newsletter.