How reliable is globe life insurance company?

Would having your health insurance company also serve as your life insurer (with a high-payout plan) more effectively incentivize the delivery of top quality medical care for the insured, compared with the conventional situation in which life insurance and health insurance are delivered by different

• At some point, for someone whose illness is sufficiently expensive to treat, the cost lines cross and this strategy would backfire.  I suppose that's when your treatment will prolong your life at a total cost in excess of the premiums plus return on principle of the life insurance over that time (assuming you don't borrow against your life insurance to subsidize your care). Of course, that cost/benefit conundrum is one insurance companies, and the society at large, must struggle with anyway (especially are ever more expensive procedures become available through technological innovation).  But how does the crossover point of the single insurer scenario compare with the typical cost/benefit in the conventional two-comapny arrangement?

• Answer:

  It's an interesting idea.  Creating incentives to lower premiums does exist in limited ways now.  For instance, there is one life insurance company that lowers premiums each year on "permanent" policies if you have regular check-ups, even if those exams turn up health problems.