Perlman v. New York Life Insurance

The parties have submitted this controversy upon an agreed statement of facts.

In October, 1923, defendant issued to plaintiff its policy of life insurance for $2,000. In February, 1925, defendant issued another policy of life insurance for $3,000 to plaintiff. Premiums on both policies were to be paid semi-annually, and all such premiums have been paid, including the premium due in April, 1931, under the first policy, and the premium due in February, 1931, under the second one.

*360Each policy contains the following provisions for total and permanent disability benefits:

“ 1. Total Disability.…