What Does It Mean For A Life Insurance Policy To Be Paid Up? 
In the context of whole life insurance and in simplest terms , it means no further premiums are due . Some whole life policies are designed to be paid up at a relatively early duration e.g. Policy Year 20 , Age 65 , etc. . The premiums for these policies are relatively high as a result . In comparison , in most cases , whole life policies are designed to have required premiums to age 95 or 100 or later . Such policies have relatively low premiums . It is important to note that policies which use policy dividends and/or the cash value of Paid Up Additions to offset the required premiums due at some future point are not `` paid up '' . 