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LSDefine

Simple English definitions for legal terms

term policy

Read a random definition: Bail Clause

A quick definition of term policy:

A term policy is a type of insurance that provides protection for a specific period of time. It does not have a cash value or reserve value. There are many different types of insurance policies, such as accident policies, homeowner's policies, and life policies. Insurance companies use a process called insurance rating to determine the policy premium for a particular risk. Insurance Services Office is a nonprofit organization that provides analytical and decision-support services and tools to the insurance industry.

A more thorough explanation:

Definition: A type of life insurance policy that provides coverage for a specific period of time, but does not have a cash value or reserve value.

Examples: If someone buys a 10-year term policy, they will be covered for 10 years. If they die during that time, their beneficiaries will receive a death benefit. However, if they outlive the policy, it will expire and they will not receive any money back.

Explanation: Term policies are a popular choice for people who want to provide financial protection for their loved ones during a specific period of time, such as while their children are young or while they are paying off a mortgage. The examples illustrate how a term policy works and the limitations of this type of insurance.

term of office | term probatory

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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