OK Don... I'll concede that perhaps my previous post may have been a bad insurance analogy on my part.

However, the bottom line is that the CC & GTCC Life Membership dues structure that has been in effect for several years now is equivalent to 15 years annual dues ... no matter what the member's age is.

When the CC & GTCC Life Membership was put into effect, double-digit interest rates (or close to it) were much higher than interest rates that are available today ... and paid the full cost of servicing the individual's annual membership in the club. I don't know if the lower interest paid on the $300 Life Membership fee collected now would be equivalent to the annual club dues of today .... probably not. So to my simple layman's way of thinking, Life Membership is probably a better bargain for the club member today than it was when I was in office....(no matter what the individual's age is).