LLQP Exam Dumps | Samir applied for a life insurance policy 18 months ago. At the time of the application, he was employed

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Question 27/109

Samir applied for a life insurance policy 18 months ago. At the time of the application, he was employed as an accountant. Samir quit his accounting job 6 months ago to become a professional scuba diver.
Which of the following statements about Samir's life insurance policy is CORRECT?

A. Samir must inform his insurer about his change of occupation within 6 months of the change.

B. Samir is not required to declare his change in occupation because the policy is less than 2 years old.

C. Regardless of whether Samir informs his insurer of his change in occupation, if he dies while scuba diving, he would not be covered.

D. Samir has no obligation to notify the insurer of his change of occupation regardless of how old the policy is.

Correct Answer: D

In life insurance policies, once the policy is issued, the insured does not need to notify the insurer of any changes in occupation. The premiums and coverage are based on the occupation and risk profile at the time of application, and life insurance contracts do not generally require updates on occupational changes unless explicitly stated.
Therefore, regardless of Samir's current job as a scuba diver, his life insurance policy remains in force without the need for notification to the insurer. This is different from disability insurance, which may consider occupation changes to reassess risk and benefits.

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