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.
Another common use of reduced paid up insurance is as a non-forfeiture option. With term life insurance, if you stop making premium payments the policy will quickly lapse and leave you without protection. With a permanent insurance policy, you can convert it to a reduced amount of paid up coverage.