{"iri":"http://lmss.sali.org/R8tHU2UcmJzAEBDUdM51ays","id":"R8tHU2UcmJzAEBDUdM51ays","label":"Term Life Insurance","definition":"Term life insurance is a policy that provides coverage for a specified period, or \"term,\" usually ranging from 10 to 30 years. If the insured individual dies within this term, the death benefit is paid out to the beneficiaries; however, if the term expires and the policyholder is still alive, there is generally no payout.","prefLabels":[],"altLabels":[],"examples":[],"notes":[],"sources":[],"branch":{"iri":"http://lmss.sali.org/RDt4vQCYDfY0R9fZ5FNnTbj","label":"Document / Artifact"},"parents":[{"iri":"http://lmss.sali.org/RDMlfBHhw2Mfk0FBrVCQJY9","id":"RDMlfBHhw2Mfk0FBrVCQJY9","label":"Life Insurance Policy"}],"children":[],"relations":[],"url":"https://lmss.io/tag/R8tHU2UcmJzAEBDUdM51ays/","source":{"repo":"sali-legal/LMSS","ref":"3f9ac0c9357b2a971582ae79ede243511d47811d","channel":"pre-release"}}