Schaad v. New York Life Ins.

TAYLOR, District Judge.

This action, commenced in the First Circuit Court of Knox County, Tennessee, was removed to this Court on diversity of citizenship, the jurisdictional amount being claimed. Plaintiff brought suit to enforce rights claimed by him as the insured under two life insurance policies issued by defendant, one dated April 19, 1926, the other May 27, 1927. In addition to the death benefit, each policy provides for monthly payment of $50.00 and waiver of premiums in case the insured becomes totally disabled while the policy is in force and prior to the insured’s sixtieth birthday.…