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.
Once the policy is paid in full, it remains in effect until the death of the insured. Because the insurance company has an obligation to pay money once the policy has been paid in full, the policy has value. Under the terms and conditions of a whole life policy, loans can be made against the value of the policy.