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.
With Term life insurance, if you stop paying premiums for over one month, the policy will lapse. To get that same policy back you have to fill out a reinstatement application saying that your health has not changed, and you have to pay back premiums to when you quit paying them.