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.
If the person had a permanent life insurance policy, you'll receive the money if he or she died while the policy was in force, meaning the premium payments had been made up until the death. If it takes you a while to find the life insurance policy, you'll receive the benefit plus interest from the date of death. If the insured person failed to make premium payments on a term life insurance policy before his death, the policy likely lapsed and was not in force.