<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/RDMlfBHhw2Mfk0FBrVCQJY9">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/R9uTFHGFCMBjtYw5MOmpotJ"/>
  <rdfs:label>Life Insurance Policy</rdfs:label>
  <skos:definition>A life insurance policy is a contract between an insurance company and a policyholder that provides a financial payout to designated beneficiaries upon the death of the insured individual. The policy often requires the payment of regular premiums in exchange for the death benefit, and may include other features like investment growth or cash value.</skos:definition>
</owl:Class>