Life Paid Up at Sixty Five(redirected from Life Paid Up at 65)
Life Paid Up at Sixty Five
A life insurance policy in which the policyholder must pay premiums until he/she turns 65. That is, after the policyholder turns 65, he/she owes no more premiums, even though the policy remains in effect. This reduces the policyholder's costs, especially as he/she ages.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved