oh hehehe. yeah i grabbed it from official rulings underneath the card pic because this ruling specifically applied to this question. I shouldnt have used the word oracle as it caused confusion. What I meant was that I went to the oracle site and grabbed one of the official rulings.
Ahhh, now that begins to make sense. Yes, that is definitely not the Oracle wording of the card. Yes, it is a ruling (or, more specifically, a clarification on how the card works) that is for Living Death; but Oracle wording is the actual text on the card (or what should be on the card if it were printed today). The two are very different.
But yes, that ruling effectively describes the process for how Living Death functions. Hence why your description and analysis were okay, but calling that "Oracle text" wasn't. More of a nitpick than anything else (but I did want to make it clear what is, and is not, Oracle text in case there was confusion from anyone else who may have seen that and noticed it being different from what shows in Gatherer).