When the plan is completely paid up, what does the record look like in InsPro?

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.

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