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Simple English definitions for legal terms

last-survivor life insurance

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A quick definition of last-survivor life insurance:

Last-survivor life insurance is a type of life insurance that covers two or more people and pays out only after all the insured individuals have died. This type of insurance is also known as last-survivor insurance. It is different from other types of life insurance, which pay out when an individual dies. Last-survivor insurance is often used by couples or business partners to provide for their heirs or to cover estate taxes.

A more thorough explanation:

Last-survivor life insurance is a type of life insurance that covers two or more people and pays out only after all the insured individuals have died. It is also known as last-survivor insurance.

For example, a married couple may purchase last-survivor life insurance to ensure that their children receive a payout after both parents have passed away. The policy will only pay out after the death of both parents.

Last-survivor life insurance is often used in estate planning to provide funds for heirs or to cover estate taxes. It can also be used to provide for a disabled child or to fund a charitable donation.

last-straw doctrine | last-treatment rule

General

General chat about the legal profession.

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TenFiftyILuvUGang

9:06

someone will have made it on reddit by the end of the day

180letmein

9:21

Brooo that shit different

180letmein

9:21

How'd Harvard drop so far

180letmein

9:22

CLS doesn't deserve to be in the T14s with the way they're acting these days ngl

180letmein

9:22

But that's just my opinion

babycakes

9:33

Harvard was like 4 and it dropped to 6. Not that crazy

babycakes

9:34

It has been benefiting from a presumption of prestige for a while

180letmein

9:35

True true

180letmein

9:35

I feel like the expectation is that Harvard will always be the top

TenFiftyILuvUGang

9:40

anxiety by doechi gotta be the worst song of the year no cap

TenFiftyILuvUGang

9:40

downright atrocious

HardHittingTraderDog

9:41

@180letmein and yet they dropped to 6... reputationally the brand is valuable...Law-School-wise - not nearly as valuable as they used to be...

HardHittingTraderDog

9:41

also agree with you on Columbia

HardHittingTraderDog

9:41

no offense to anyone going

TenFiftyILuvUGang

9:41

i forget the methodology they use but it could be the huge class sizes that make harvard drop

HardHittingTraderDog

9:42

its a number of factors... Spivey Consulting had the closest gues to these results. It was impressive.

HardHittingTraderDog

9:42

This year they added a newer 'outcomes' factor.

TenFiftyILuvUGang

9:43

cornell at 18 doesnt make sense to me

TenFiftyILuvUGang

9:45

is there really an argument that cornell and unc are the same rank

TenFiftyILuvUGang

9:46

cornell has 1% less clerkships than unc but 52% more BL outcomes

TenFiftyILuvUGang

9:47

cornell higher bar passage and way harder to get into

TenFiftyILuvUGang

9:47

2+2 is 4 minus 1 thats 3 quick maths

TenFiftyILuvUGang

9:47

everyday mans on the block

TenFiftyILuvUGang

9:47

smoke trees

180letmein

9:49

Hahahaha

180letmein

9:50

I mean we all the know the rankings are based off dumb factors

180letmein

9:50

Michigan and Chicago will always be #1 in my heart

180letmein

9:50

What do ya'll think medians are gonna look like for next cycle. Kind of scared for my life rn.

TenFiftyILuvUGang

9:52

slightly higher than now

TenFiftyILuvUGang

9:53

prob a little more hellish than this cycle

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