The American Bonanza Society introduced Life Membership in the February 1988 issue of what was then called the ABS Newsletter. The ABS Board established this new membership category during its November 1987 Board meeting. ABS Life Membership was established for members wanting to make a lump sum payment of their dues for life as well as indicate their dedication to ABS and expectation for it to be an organization with a long and prosperous existence. One year later, 34 members were listed on the ABS Life Member roster. By the end of 2011, ABS Life Membership was up to 520 Members (5.7 percent of total membership).