life fund - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “life fund”

life fund

noun [C]
 
 
INSURANCE
an amount of money that is paid to and invested by insurance companies for life insurance, and from which money is paid when someone dies: It will use part of the life fund to distribute an average £500 of shares to policy holders.
(Definition of life fund from the Cambridge Business English Dictionary © Cambridge University Press)
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