In most circumstances, all current accounts will be honored. If you pass away before all payments are made, your insurance may cover the costs of your final expenses, as long as you are outside of the mandatory two-year contestable period.
If for some reason you are not current on payments, the amount of your premiums paid to date will still be available for your cremation and funeral services. Any remaining balance will be a lesser amount to be covered by family at the time of arrangements. Likewise, if there were any excess funds remaining from the policy, that money would be returned to your family.