I read an article recently in which a USCG rescue pilot stated that the average time worldwide from activating an EPIRB until a helicopter is hovering overhead is 270 minutes. We're currently outfitting our boat for cruising the Caribbean, possibly beyond, and our budget isn't unlimited, so we have to carefully consider the value of gear we wish to purchase. A liferaft is probably one of the most expensive pieces of gear you can buy, even before you consider the lifecycle costs of continual recertification. Meanwhile the possibility of it seeing use is extremely low. Now we firmly believe that the most valuable thing we have on board is ourselves, but I'm reluctant to tie up five or six grand in a piece of gear that should never see use. Since we only plan to cruise in tropical or semi-tropical waters and hypothermia isn't really a concern, I think if we ever did need to abandon the boat, we could probably handle four and a half hours in the water. So it seems to me that for about a fifth to a quarter of the cost of a liferaft, we could invest in two really good offshore life jackets, a set of personal locator beacons, and a pair of rescue lasers. With the evolution of EPIRBs and AIS based personal locators and the current state of the international SAR system, does a liferaft make economic sense anymore?