New York Life Ins. Co. v. McLean

The defendant, appellant here, issued to the plaintiff two policies of life insurance embodying a permanent disability clause in the following words :

“Permanent Disability: And the Company agrees to pay to the Insured one-tenth of the face of this policy, per annum, during the lifetime of the Insured, if the Insured becomes wholly and permanently disabled before age 60, subject to all the terms and conditions contained in Section 1. hereof.

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“Section 1. — Total and Permanent Disability Benefits: Whenever the Company receives duo proof, before default in the payment of premiums,…