Fahy v. Security Mutual Life Insurance

Appeal from a judgment of the Supreme Court in favor of defendant, entered August 14, 1979 in Broome County, upon a decision of the court at a Trial Term, without a jury. On December 1, 1975, plaintiff commenced this action seeking to recover the sum of $500 per month in retirement income benefits pursuant to the terms of an insurance policy issued to her by defendant Security Mutual Life Insurance Company in March of 1940. The policy in question states on its face that, upon maturity, a monthly retirement benefit of $500 will be paid to the insured, and plaintiff seeks a declaration that she…