October 31, 2012 17:02 IST
He said: "I think it's a good bet - because my belief is in years to come they will unfreeze you and you will be alive again. I think it will happen."
The music mogul has previously confessed to being interested in being cryogenically frozen once he has passed away and even though he will have to be beheaded, he is still willing to invest in the opportunity.
He said: "I think it's a good bet - because my belief is in years to come they will unfreeze you and you will be alive again. I think it will happen.
"There is only one problem that I didn't realise - when you're frozen they cut your head off. So if I'm alive, I might just be a floating head in the future. I'm still going to do it. I've been in discussions with the company, yes."
Although he has yet to pass on any money, he does not mind doing so when the time is right.
Speaking on The Tonight Show with Jay Leno, he said: "When you pop it - I don't know the exact details but obviously there is money involved. But I think it's a risk worth taking."
It is not the only unusual thing Simon has been involved with - he recently had a woman come to his Los Angeles home to rid it of negative energy, and found his bedroom to be the worst offending spot.
He said: "This girl came over for London and she spent two days walking around my house with sticks and crystals and things like that, and chanting - I loved it! She was kind of a bit out there but I expected that. And I said to her, 'Oh what is the most negative room in the entire house?' and she went, 'Your bedroom' - so she had to spend longer in there."