McKenna v. New York Life Insurance

The plaintiff held a policy of life insurance issued by the defendant, which provided that “Upon receipt at the Company’s Home Office, before default in payment of premium under said policy, ... of due proof that the insured is totally disabled as above defined [in the policy], and will be continuously so totally disabled for life, . . . , ” the company ‘ ‘ will waive the payment of any premium under said policy, . . . falling due during the period of continuous total disability” and will pay to the insured a monthly income of $50 “for each completed month from the commencement of and during…