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.
Lapsed Policy A policy which is no longer in force due to non-payment of the premium due. Every time, before your premium due date, ICICI Prudential will send you a premium reminder with the premium amount and due date. If the policy have been lapsed less than six months, it can be revived by paying the premium along with the applicable interest charges. 2  If the policy have been lapsed for more than six months, the life assured would once again have to go through medical tests.