The logic is about whether life insurance remains a worthwhile...

The logic is about whether life insurance remains a worthwhile product with a market.

it does.i

This means that there is profit to be made. If not, the product will die. Look at the suggestions by others that life insurance is dead. This is not well considered.

There is money to be made in life insurance, it is by who and how it is to be sold and the product conditions around disability and income protection. Why will a British company be able to do it and not AMP? The global scale bit is always played - how many banks and global asset managers have beaten out the locals here? 

‘The banks are exiting as they have found themselves in a business they never understood. And it is small fry in terms of profit. They don’t want to deal with the volatility and manage the risks. AMP existed to do this and possibly still can - but selling off the life business is the final insult by a team of people who have been running the business who never understood the business they are in. Ex bankers to the bone.