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.
Pros: Flexible-Use Earnings. You can use your indexed life insurance earnings to pay the policyâs premiums, and you also can withdraw money from your life insurance account to reduce your beneficiaryâs payout on your death. Your withdrawals are tax-free as long as they donât exceed the total premiums you have paid up to that point.