Is this a default functionality of the Lifecycle Manager (LCM) module?

Yes, "Terminate Identity" is a default functionality of the Lifecycle Manager (LCM) module. This functionality is associated with the "Leaver" event, which manages the offboarding process for identities that are leaving the organization. The LCM module includes workflows that handle identity termination by deactivating accounts, removing access, and potentially triggering other actions needed to finalize the termination process.

Therefore, the correct answer isA. Yes.