(DOWNLOAD) "Belbas v. New York Life Ins. Co." by Supreme Court of Minnesota * eBook PDF Kindle ePub Free
eBook details
- Title: Belbas v. New York Life Ins. Co.
- Author : Supreme Court of Minnesota
- Release Date : January 06, 1938
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 65 KB
Description
LUMMUS, Justice. This is an action of contract upon a policy for $5,000 upon the life of Peter Belbas. The plaintiff had a verdict, and the case is here on the defendants exceptions. The insured died on February 26, 1932, and had been totally and permanently disabled from November 4, 1930. Premiums were due quarterly, and the last premium paid was that of August 20, 1930. The policy provided: Upon receipt at the companys home office, before default in payment of premium, of due proof that the insured is totally disabled as above defined, and will be continuously so totally disabled for life, or if the proof submitted is not conclusive as to the permanency of such disability, but establishes that the insured is, and for a period of not less than three consecutive months immediately preceding receipt of proof has been, totally disabled as above defined, the following benefits will be granted: (a) Waiver of premium. -- The company will waive the payment of any premium falling due during the period of continuous total disability. * * * In event of default in payment of premium after the insured has become totally disabled as above defined, the policy will be restored and the benefits shall be the same as if said default had not occurred, provided due proof that the insured is and has been continuously from date of default so totally disabled and that such disability will continue for life or has continued for a period of not less than three consecutive months, is received by the company not later than six months after said default. Another provision of the policy was the following: Grace. -- If any premium is not paid on or before the day if falls due the policyholder is in default; but a grace of one month (not less than thirty days) with be allowed for the payment of every premium after the first, during which time the insurance continues in force. * * *