After the plan is completely paid up, the record in InsPro will either:
- Change to “A41 – Paid Up Policy” status or
- It may remain in “A01 – Active Premium Paying” status. The paid-to date will be adjusted to 100 years beyond the member’s date of birth.
All segments of coverage will have a base rate of zero.
Memos as well as letters in Archived Documents will support that the insured is fully paid up.