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 death benefit will be paid out if the insured dies. The owner of the life insurance policy has control (while the insured is alive) over any rights to make changes to the policy (except in certain situations regarding beneficiaries who were irrevocably named and can't be changed without their permission).