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Simple English definitions for legal terms

joint life policy

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A quick definition of joint life policy:

A joint life policy is a type of insurance policy that covers two or more people. If any of the insured individuals die, the policy will pay out. There are many different types of insurance policies, each with their own rules and coverage. Insurance companies use a process called rating to determine how much to charge for a policy. The Insurance Services Office is a nonprofit organization that helps the insurance industry by providing data and tools.

A more thorough explanation:

A joint life policy is a type of life insurance policy that covers two or more people. The policy matures and becomes due upon the death of any of those jointly insured. For example, a husband and wife may take out a joint life policy so that if one of them dies, the other will receive a payout.

Example: John and Jane take out a joint life policy. If John dies, Jane will receive the payout. If Jane dies, John will receive the payout.

joint life insurance | joint managing conservatorship

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@llama: back when 160s meant t14
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born too late to experience full LSD born too soon to explore the galaxy
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^ gets it
lilypadfrog
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https://www.lsd.law/users/creep/cryptanon this is one of the guys who made the website
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@lilypadfrog: wow more recent than i would have wagered
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how is it so that I creep a rando and their app year is 2005-2005?
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2005-2006* for example
renard99
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^ find that rando in your circle and ask them where they've stored all their cycle letters
ReminiscentZestyFish
14:18
Vandy??
renard99
14:18
Possibly in a dark corner of the attic in a box
VANDY
soyalmondoatmilk
14:18
vandy A let's gooooo
all the Vandy
ReminiscentZestyFish
14:18
Aint no way
jackfrost11770
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Wow that's awesome nothing from vandy
GreyCeaselessMammoth
14:19
what
GreyCeaselessMammoth
14:19
fuck
renard99
14:19
@soyalmondoatmilk: Congratulations!!!
jackfrost11770
14:19
I applied in November
jackfrost11770
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Idk when the As did
GreyCeaselessMammoth
14:19
does anyone know if they usually release all at once or waht
nothing
jackfrost11770
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Well I hope not otherwise I'm screwed
jackfrost11770
14:21
Anderson cooper PLEASEEEEE
For ED and their last wave of decisions it was an email all at once
GreyCeaselessMammoth
14:22
ugh
gonna go cry
jackfrost11770
14:22
Ugh
jackfrost11770
14:22
:(
ReminiscentZestyFish
14:23
Small ahh wave
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