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.
The premiums for the policy are included in your monthly mortgage payment. Once you have paid down the mortgage enough that it is less than 80 percent of the value of the home--78 percent in the case of government-backed loans--you no longer need insurance, and the premiums stop.