..."You are getting the oportunity at age 68 to become a life member and only pay $300."

Rich; LM dues at 15 times the annual rate comes down to the fact that the member has paid the equivalent of the next 15 years dues ... NOT taking into account any interest that was made on the lump sum payment ...

So using your example at age 68, the LM has pre-paid annual dues until he/she reaches 83 years of age and any interest paid will even extend that age of coverage by several years if the example you have given lives to be well into his/her 80's.

So here we are; wondering why some members do not renew their annual dues and what to do about the annual drop out rate ... and here is someone willing to make a guaranteed committment by paying dues in advance for the next 15 years by converting to Life Membership and growing the club and some folks are opposed to it.

Something is wrong with this picture.