Life Insurance and Cosmetic Surgery
According to the International Society of Aesthetic Plastic Surgery, Canada is 15th most popular place in the world for getting cosmetic surgery with 108,758 procedures done in this country. With that in mind, we decided to do an analysis of how these procedures can impact an applicant’s insurability.
We surveyed five companies, but unfortunately none would give definitive answers, since all tradition life insurance applications must be fully underwritten.
When the companies did talk, most indicated that applicants going for cosmetic surgery such as breast enlargement, lip enhancements, or other cosmetic procedures, such as botox will still qualify for standard rates. However, these surgeries are treated as most other surgeries in that the insurance company may postpone making a decision for a pending surgery. Typically, they will postpone the decision until after the surgery is completed.
Cosmetic treatments combined with other mental or nervous disorders may pose an additional risk and this could cause the applicant to receive a rated premium or be declined outright.
For more details, please contact us at 1-866-899-4849 or visit our Term life Instant Quote Page, or if health and lifestyle issues may see you potentially declined, our Non-Medical Instant Quote Page.