IFSE Institute Life License Qualification Program (LLQP) LLQP Question # 66 Topic 7 Discussion

IFSE Institute Life License Qualification Program (LLQP) LLQP Question # 66 Topic 7 Discussion

LLQP Exam Topic 7 Question 66 Discussion:
Question #: 66
Topic #: 7

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.


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