Got mail notifying me that the short term life insurance plan my grandpa gave me became whole life. Should I just cash out?

Got mail notifying me that the short term life insurance plan my grandpa gave me became whole life. Should I just cash out? For context: I'm not really on speaking terms with my family but they recently forwarded me some mail from a life insurance company I had never heard of. It stated that my Early Steps plan has transitioned into a Whole Life plan, and I would need to pay 55 dollars a month to continue using it. I called the company and apparently my grandfather s...

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