What is a paid-up plan?

Although rare, this feature is included on some plans. 

After a specific time period, members are no longer required to make premium payments. 

The plans reach a point at which they become fully paid. Generally speaking, there are two types of paid up plans. Use the certificate to see which type of rule applies to the member.

  1. Members pay to age 65 or for ten years from the original effective date, whichever comes later.
  2. Members pay for twenty years from the original effective date.


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