Favazza v. New York Life Ins. Co.

delivered the the opinion of the Court.

This is a suit on a lapsed life insurance policy, issued on January 11, 1928, on the life of O. P. J. Pavazza, who was twenty-one years of age at that time. The wife of insured was named as beneficiary, but later the beneficiary was changed to complainant, who is the mother of insured. The quarterly premium to he paid was $32.25. The policy provided (1) for the payment of $5,000 upon receipt of proof of death, or (2) $10,000 if death result from accident, and (3) upon receipt of due proof of total and permanent disability monthly indemnity of $50, and…