Has a life-insurance company diversified into selling of credit-cards? why? modus operandi ? outcome ? resul? -

Names of such life insurance companies ? what were the reasons of diversification ? how it was done ? impact on core life-insurance business ? outcome ? experiences and outcome ? An insurance companies job is to take your premium and invest it. If the company happens to branch out into Credit Cards, I would not be surprised. Their is a LOT of profit to be made. Normally insurance companies make more reliable, lower risk investments, but this is possible, and probably good business. Good business = lower premiums Once consumer debt gets packaged and sold as a bond, an insurance company might, might buy the paper, but I don't know of any that would issue this debt directly. They already have debt on the books at good rates that is secured by the policies they issued. Why would they issue unsecured credit cards?