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LSDefine

Simple English definitions for legal terms

term policy

Read a random definition: haircut reorganization

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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13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
13:53
i just wanna rock
glovediedthisishismom
13:53
bodyadaya
13:53
let it rock
14:17
How are the vibes heading into thanksgiving yall?
HopefullyInLawSchool
14:17
@Law-Guy Im feeling kinda happy I applied YM to UCI hoping it helps (:
Wanna give some head
soap
14:18
Cornell
14:19
@HopefullyinLawSchool What's YM?
14:19
oh no
HopefullyInLawSchool
14:19
you mom
WorthlessAttractiveZombie
14:19
Ouch
HopefullyInLawSchool
14:19
your*
14:19
I fear I realized too late
babycat
14:20
another victim claimed
concorde
14:22
pwned
14:22
Might have to send in addendums for that
Dkk
14:26
No wave, so sad.
WorthlessAttractiveZombie
14:28
What are the odds that berk releases later today?
babycat
14:28
@Dkk: And here I thought you were a prophet. Smh.
14:33
@WorthlessAttractiveZombie: 4
WorthlessAttractiveZombie
14:35
@EvolBunny: I will take the odds of 4, very promising
14:38
I'm too drunk to taste this chicken
Dkk
14:38
Lol, I suck I guess. @babycat
14:40
suck what? (:
Dkk
14:42
suck at predicting
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