American Central Life Insurance v. Palmer

This is a suit on an insurance policy, which contains provisions for the. payment: of benefits in case of total disability of the- insured. • The -portions thereof relevant.to the question here presented read as follows:

“If, while no premium is in default * * *, the company shall receive due proofs of the disability of insured as hereinafter defined, the company * * * will pay to the insured * * * a monthly income of one per centum of thé amount of insurance shown on the first page hereof, the first payment to be made upon approval of proof of disability and subsequent payments on the 10th…