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.
Share This Article. With a typical life insurance policy, you will have 30 to 31 days grace period to pay. That grace period is almost always right around a month. If you pay your premium within that time period, your policy will continue to be in force. If you fail to pay the premium on time, your policy will lapse, depending on the type of policy you purchased. In another case with a permanent policy that you fail to pay, you insurance company may take the money balance from your cash value if available.