I did an early pay-up on my burial insurance. I paid one monthly premium of $15.45, then $880.45 to pay it up. I got a letter in the mail today saying my policy was paid-in-full, and the death benefit right now is $900.40. I think the death benefit goes up each year.
There was a misstatement of my health on the application, but there are no health questions if you pay in full. Since I paid them all the money, I don’t think they are going to contest the policy due to misstatement of health. I think my sister is making a mountain out of a molehill, but I’m going to check it out with a lawyer next Friday.