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.
The other part adds to the cash value. If you buy a permanent life insurance policy when you're still young, the majority of your premium payment will go toward the cash value. As you get older, more and more of your premium will start going toward the benefit value. In a whole life policy â a kind of permanent life insurance â your premiums don't increase. This means that the cash value grows more slowly as you get older. As your cash value builds, you can draw money from it. This is usually done in the form of a loan against the policy's cash value. You can also withdraw money under some circumstances â but this may reduce the benefit value of the policy. The cash value in your policy draws interest â usually about 6% a year.