What Is A Fully Paid-Up Life Insurance Policy? 
A fully paid up life insurance policy is simply the full amount of the . policy paid up contrary to monthly payments through the years of policy . If someone wanted a 500,000 policy and calculating the rates which rely on age and rating , the pay a one time payment maybe 150,000 , but , again depending on age , and rating . No more premiums are payed . For this I specialize in modified endowment policies but not exactly the average endowments . The policy is a secure policy aimed to preserve wealth and save on taxes . 