Atlas Life Insurance Company v. Wells

On July 9, 1921, the appellant, Atlas Life Insurance Company of Tulsa, Oklahoma, issued to the appellee, Billie D. Wells, its policy insuring the life of appellee for $5,000. The policy contained the following provisions:

“And the company agrees to pay to the insured fifty dollars monthly during the lifetime of the insured, if the insured becomes wholly and permanently disabled, before age 60, and to waive the payment of premiums thereafter becoming due, subject to all the terms and conditions contained in section A hereof:

‘ ‘ Section A. Permanent and Total Disability. After one full premium…