Corsaut v. Equitable Life Assurance Society of the United States

On January 30, 1922, the appellant issued its policy of insurance upon the life of Dr. James Calvin Corsaut.. The insured died on the 31st day of December, 1923. . The appellee is the wife of said decedent, and is the beneficiary named in said policy of insurance. The premium on said insurance policy was due on the 19th day of January of each year. The policy contained the following provision:

“If the insured becomes wholly and permanently disabled before age 60, the society will waive subsequent premiums payable upon this policy, subject to the terms and conditions contained on the third page…