Lincoln v. New York Life Insurance

A life insurance policy issued by the defendant June 19, 1924, upon the life of the plaintiff, obligated the insurer to pay (in addition to indemnity in case of death) to the insured one hundred dollars monthly,

“. . . during the lifetime of the Insured and also to waive the payment of premiums, if the Insured becomes wholly and presumably permanently disabled before age 60, subject to all the terms and conditions contained in section I”

of the policy.

The pertinent provisions of section I of the insurance contract read as follows:

“Disability shall be deemed to be total whenever the Insured is…