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Simple English definitions for legal terms

key-employee life insurance

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A quick definition of key-employee life insurance:

Life insurance is an agreement between a person and an insurance company. The person pays a certain amount of money, called a premium, and in return, the insurance company promises to pay a specified amount of money to a designated person, called a beneficiary, when the insured person dies. There are different types of life insurance, such as whole life insurance, which covers a person for their entire life and has a savings component, and term life insurance, which covers a person for a specific period of time and does not have a savings component. Key-employee life insurance is a type of life insurance taken out by a company on an essential or valuable employee, with the company as beneficiary.

A more thorough explanation:

Key-employee life insurance is a type of life insurance that a company takes out on an essential or valuable employee, with the company as the beneficiary. This means that if the employee dies, the company receives the payout from the insurance policy.

For example, if a company has a CEO who is crucial to the success of the business, they may take out key-employee life insurance on that CEO. If the CEO were to pass away, the company would receive the payout from the insurance policy to help cover the costs of finding a replacement and any other expenses related to the loss of the CEO.

Another example could be a small business owner who is the sole provider for their family. The business could take out key-employee life insurance on the owner to ensure that if something were to happen to them, the business could continue to operate and support the owner's family.

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General

General chat about the legal profession.

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babycat

11:24

@BulbasaurNoLikeCardio: no booboo I’m just trying to increase flexibility a little. I feel like if u develop too much muscle on ur legs and don’t stretch they get tight

JumpySubsequentDolphin

11:26

my hips are so tight its acc miserable

BulbasaurNoLikeCardio

11:26

@babycat: got to keep those legs flexible so you don't pull anything, I need to get back into yoga to release and stretch out tension in my muscles. Stretching is where I fail the most with fitness

renard99

11:26

This song came out today and I think I legit have listened to it like 50

renard99

11:26

Times already

1a2b3c4d26z

11:26

Need to stretch more

renard99

11:26

https://open.spotify.com/track/7eQcHBM7LiHlXZSTglaB18?si=EIpsSyTLQLCkB6-jC5ft6g&context=spotify%3Aalbum%3A2fYQ2TlKQkgRGpNq7AumTF

1a2b3c4d26z

11:27

Run this morning felt like legs were made of goop

glovediedthisishismom

11:27

a secret home remedy for chapped lips is to lick them. your saliva will moisten the lips and relieve the chapping

EvolBunny

11:27

@JumpySubsequentDolphin: https://www.hss.edu/article_hip-flexor-stretch.asp

1a2b3c4d26z

11:27

Sometimes I think I write like rorschach from watchmen

EvolBunny

11:28

@glovediedthisishismom: just bite your lip,. gives good brain feel when peelin the dry skin

babycat

11:28

yeah it’s insane how much better hip flexor stretches can make you feel sometimes

EvolBunny

11:28

Probably the most important long term mobility thing you can do

1a2b3c4d26z

11:28

Pigeon stretch GOAT

1a2b3c4d26z

11:29

Stretching was probably the biggest factor in becoming elite in my sport tbh

1a2b3c4d26z

11:29

well mobility in general

m10

11:29

Nah you wanna be wound up tight like a clock. All your parts working in synchronization, never missing a second.

BulbasaurNoLikeCardio

11:30

When I get home I think I will pull up a youtube yoga video and lay out the mat by the fireplace now, feeling guilty I haven't been stretching properly

1a2b3c4d26z

11:30

tighter you are, more potential energy you have. Your body is a spring. It's just physics

m10

11:30

Exactly.

JumpySubsequentDolphin

11:30

yoga classes stress me out

WorthlessAttractiveZombie

11:31

W&L put their scholarship info on the portal for those who were admitted 11/12

m10

11:31

Gotta always be ready to release that energy. Like if I am in a fight at the bar, I just gotta bust out a couple punches. No stretching.

JumpySubsequentDolphin

11:31

the instructor will be like "forget all of the things that youre stressing about" which reminds me of all of the things im stressing about

BulbasaurNoLikeCardio

11:32

I am too competitive to do yoga classes with other people. Try to stretch better or further then hurt myself lmao I am beyond competitive in anything physical.

babycat

11:32

if you guys all pay me to be your lsat tutor I can afford to do Pilates classes

JumpySubsequentDolphin

11:32

hot yoga was fun

JumpySubsequentDolphin

11:32

i loved barre and pilates when i did them together

m10

11:33

Here's an article from Testosterone nation for all you men out there on why stretching is bullshit. https://archive.t-nation.com/training/stretching-is-b-s/

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