Meet the Company Offering a Chance at Immortality for $200,000

Frozen Brain

More and more people are signing up to be frozen for a chance at life after death. So the question is, would you?

 writes: In the desert climate of Scottsdale, Arizona, rest 147 brains and bodies, all frozen in liquid nitrogen with the goal of being revived one day.

It’s not science fiction — to some it might not even be science — yet thousands of people around the world have put their trust, lives and fortunes into the promise of cryonics, the practice of preserving a body with antifreeze shortly after death in hopes future medicine might be able to bring the deceased back.

Mad-Science

“If you think back half a century or so, if somebody stopped breathing and their heart stopped beating we would’ve checked them and said they’re dead,” said Max More, CEO of the Scottsdale-based Alcor. “Our view is that when we call someone dead it’s a bit of an arbitrary line. In fact they are in need of a rescue.”

That “rescue” begins the moment a doctor declares a patient dead. Alcor’s team then prepares an ice bath and begins administering 16 medications and variations of antifreeze until the patient’s temperature drops to near freezing.

Alcor CEO Max More poses in front of the dewars that house his 147 cryopreserved patients.

Alcor CEO Max More poses in front of the dewars that house his 147 cryopreserved patients. Qin Chen | CNBC

“The critical thing is how fast we get to someone and how quickly we start the cooling process,” More said. In order to ensure that can happen, Alcor stations equipped teams in the U.K., Canada and Germany and offers members a $10,000 incentive to legally die in Scottsdale, where the record for getting a patient cooled down and prepped for an operation is 35 minutes.

Next, a contracted surgeon removes a patient’s head if the member selected Alcor’s “Neuro” option, as it’s euphemistically called, in hopes that a new body can be grown with a member’s DNA once it comes time to be thawed out. It’s also the much cheaper route. At a price tag of $80,000, it’s less than half the cost of preserving your whole body. “That requires a minimum of $200,000, which isn’t as much as it sounds, because most people pay with life insurance,” More said.

Alcor-3

In fact, such a business model is pretty consistent in the nonprofit cryonics community. Michigan-based Cryonics Institute offers a similar payment structure, albeit at the more affordable cost of just $28,000 for whole-body preservation. Which begs the question: Why the price discrepancy?

“We’ve been very conservative in the way we plan the financing,” More said. “Of that $200,000, about $115,000 of it goes into the patient care trust fund,” which is meant to cover eventual costs and is controlled by a board of trustees (a certain number of which is required to have loved ones currently in cryopreservation). More says the trust currently boasts a total of over $10 million, which is supported by Alcor’s most recent nonprofit 990 filings.

Who is doing this?

When More came to the U.S. in 1986 from Britain to train at Alcor, it was run by volunteers and he signed up as Alcor’s 67th member. Since then, the company has hired a full-time staff of eight employees, boosted its membership to more than 1,000, and is looking into doubling the size of its patient care bay.

Read the rest of this entry »