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.
As a result your policy lapses and you end up losing life cover. Primarily there are two kinds of insurance policies. One type of policy is simple insurance without any investment, also called as term policy.The other type is an insurance policy with investment option. In case of the former, if you fail to pay the premium regularly, you can say the policy has lapsed.Lapsing of insurance policy is quite common.s a result your policy lapses and you end up losing life cover. Primarily there are two kinds of insurance policies. One type of policy is simple insurance without any investment, also called as term policy.