Meaning of “life fund” in the English Dictionary

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"life fund" in Business English

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life fundnoun [ C ]

uk us 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)