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.
Term life insurance does not payout. The only time you will get any money back from a term policy is an ROP or Return Of Premium policy. In that case, once the specified term has completed, the base premiums are returned. Whole life insurance will pay out (or 'endow') the face amount at maturity.