Mmhmm. They're born, they live their lives, and then they have an afterlife of rest sleeping in Lord Hellmaster's crystals.

[Although he realizes he neglected to mention a couple of specific circumstances where reincarnation can happen.]

Oops! I forgot. There are a couple of special cases where a soul is reincarnated, but that's because someone's soul either has a fragment of a defeated god's soul blended with it, or because that person was specially chosen by a god at one point. That's extremely rare, though.