Sure! Except it was mandated by your boss. Or you have a choice between a bunch of offerings with the exact same screwball terms. This might not actually be true for videoconferencing now that it's getting somewhat democratized and competitive.
Point is: "just boilerplate" is just rationalization. An honest person would never present it as comforting and a knowledgeable person would never find it comforting. Of course, the world is full of dishonest people, so it gets used all the time. Hence "lawyerspeak."
Do you refuse to use any other software mandated by your company? What's the difference?
It's standard policy to cover any potential personal data that they might receive. What is your concern exactly? That they shouldn't spell it out? That would be illegal under current data regulations.
Point is: "just boilerplate" is just rationalization. An honest person would never present it as comforting and a knowledgeable person would never find it comforting. Of course, the world is full of dishonest people, so it gets used all the time. Hence "lawyerspeak."