It was announced today by Satine, the Senior Community Liason, on the Codemaster LotR:O forums that Codemasters Online would now be offering lifetime memberships.

(Announcement thread can be found here)

Satine:

Codemasters Online are very excited to announce that both new and current subscribers to The Lord of the Rings Online: Shadows of Angmar now have the opportunity to purchase a lifetime subscription to the game for only £150 (inc VAT) (220€).

For just £150 (220€) players can adventure through Middle-earth without having to worry about paying a monthly fee ever again! The lifetime membership option is now available for selection within the Codemasters Online Player Account System located here.

For more information, please visit the following forum post which has instructions on how to set up your lifetime membership payment. Link