Shortly after construction of the town center began, the Atlanta, Birmingham, and Atlantic Railroad came through. The railroad was economically important to the town and the county because it provided quicker access to distant markets, and Wadley became a shipping center. By 1910, the population had reached 426.
Life insurance is a contract. Term life insurance is a contract based on the exchange of premiums for coverage. If you stop paying premiums and youâre past the reinstatement period, youâve lost coverage and may be required to re-qualify for coverage.
In most cases if you stop paying for life insurance the policy will lapse after the grace period. Some policies when premiums cease to be paid have an automatic loan provision that will pull cash values out of the policy to pay premiums until they are depleted.