All the lordships are changing for...

All the lordships are changing for the life insurance industry. Consumer requires have evolved to the point that effects once sold for the plan of creating wealth after death, now must build and keep wealth during a lifetime. Now that banks and investment firms are liberated to prowl the once exclusive sod of insurance companies, the industry faces real competition along with escalating capital requirements, operating expenditures and distribution costs.

All of this is happening as a of the present day financial-services landscape is emerging. This strange world of financial services--"wealth management"--pits banks, investment firms and insurance companies in a battle for pre-eminence