When Is A Life Insurance Policy Paid Up? 
Many permanent type policies can be `` paid up '' meaning that no further premiums are due on the policy for it to stay in force until the insured 's death . There are several ways to do this from making a single payment which is often done at older ages , to `` 7 pay life '' which spreads the entire policy premiums equally over the first seven years . Other options also exist depending on the type and special options of each individual carrier . 