Westpac sells Life Insurance business to TAL Dai-ichi



One of the four ‘Big Banks’ of Australia, Westpac Banking Corporation (ASX:WBC), announced today that it had sold its life insurance business – Westpac Life Insurance Services – to TAL Dai-ichi Life Australia.

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Too many people are dying early, referring to all cause mortality rates in all western nations. Companies are offloading liability concerns.