Franklin Life Insurance v. Ransom

1. Where, in a policy of life insurance, it is provided that certain benefits will accrue to the insured if he becomes “totally and permanently disabled by bodily injury or disease so that he is and will continue to be for life totally and permanently prevented thereby from the performance of any work or the transaction of any business for compensation or profit,” such policy is properly construed as furnishing insurance against loss of earning capacity, and not strictly as furnishing insurance against loss of income; and, in an action on *660such policy to recover the allegedly accrued benefits…