life fund meaning

  "life fund" in a sentence
[Business]
noun [C]

money that is paid to insurance companies for life insurance and invested by them. Claims are paid from this money:

The present value of the life fund is about $18 billion.

a with-profits life fund

The aim is to inject more capital into the life fund.

Examples

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  1. A company with a strong life fund could do something like this.
  2. Life Funds has been supporting North Korean refugees on the Chinese border.
  3. Life fund profits are calculated yearly, at the end of the year.
  4. The life fund is not valued at this stage.
  5. Abbey National would then merge the life fund with its own Scottish Mutual life insurance unit.

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PC Version