Goudelock v. Prud. Ins. Co. of America

May 9, 1951. In May, 1926, the appellant, The Prudential Insurance Company of America, issued to the respondent a $5,000.00 life insurance policy which contains a total and permanent disability clause providing for payment to the insured of a $50.00 monthly income, and also for the waiver of the annual premium in the event he becomes ""totally and permanently disabled, either physically or mentally, from any cause whatsoever, to such an extent that he (or she) is rendered wholly, continuously and permanently unable to engage in any occupation or perform any work for any kind of compensation of financial value during the remainder of his (or her) lifetime * * *."" It was provided that the foregoing provision should take effect in the event of total and permanent disability before the age of sixty years.