> As for Life Memberships, that is a liability for ARRL. Someone had “genius idea” on that and those who bought in when it was $125 for membership will probably live into
> their 80’s or 90’s thus getting a “free ride”. ARRL loses money.
Life memberships are a good thing if you view them like an endowment--invest the money and spend the income.
Life memberships are NOT a good thing if you spend all the money in the current year. Then you have a continuing liability that is unfunded.
From what I've heard, ARRL implemented it wrong.