Co-Founder, Coastal Financial Partners Group, California
In general, there are possibly three scenarios you might have in mind.
If you own life insurance currently and have elective surgery, it would not cause your life insurance policy to be canceled. If you were to pass away as a result of surgery, the policy would still pay the beneficiary the policy death benefit.
If you were planning to have elective surgery while in the process of applying for life insurance coverage, depending on the surgery, the insurance company may postpone making an offer to issue coverage until a period of time has elapsed from the surgery.
Life insurance does not usually cover any health care. Traditional life insurance just pays upon the death of the insured person.
There are some life insurance policies with riders or built in "living benefits" that will cover some health care for critical or chronic illness. Those usually pay the cash directly to the insured person when they meet the qualifications for that benefit to kick in. That cash can be used for whatever purpose the insured person desires, including elective surgery.
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If you own life insurance currently and have elective surgery, it would not cause your life insurance policy to be canceled. If you were to pass away as a result of surgery, the policy would still pay the beneficiary the policy death benefit.
If you were planning to have elective surgery while in the process of applying for life insurance coverage, depending on the surgery, the insurance company may postpone making an offer to issue coverage until a period of time has elapsed from the surgery.
There are some life insurance policies with riders or built in "living benefits" that will cover some health care for critical or chronic illness. Those usually pay the cash directly to the insured person when they meet the qualifications for that benefit to kick in. That cash can be used for whatever purpose the insured person desires, including elective surgery.