Silverman v. New York Life Insurance

On May 26, 1920, the defendant issued a policy of insurance in the sum of $5,000 to Casper Silver-man upon his life. The policy provides that upon due proof before default in payment of premium that the insured, before the anniversary of the policy neárest his attainment of the age of sixty years, has become wholly and permanently disabled, the defendant during the continuance of the disability will waive future premiums, and “one year after the anniversary of the policy next succeeding the receipt of such proof,” will “pay the insured a sum equal to one-tenth of the face of the policy and a…