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Suhana wants to know if she can become a life insurance agent while also having another occupation. Which of the following occupations are considered restricted occupations with regard to selling life insurance?

a. Police officer
b. Securities broker
c. Mortgage broker
d. Real estate agent

1 Answer

2 votes

Final answer:

A police officer and a securities broker may face restrictions or conflicts of interest in selling life insurance, while a mortgage broker and a real estate agent are generally allowed, subject to regulatory and company policies.

Step-by-step explanation:

Suhana can become a life insurance agent while having another occupation; however, certain occupations may have restrictions or conflicts of interest when combined with the role of a life insurance agent. Of the options provided:

  • A police officer could potentially have regulatory conflicts due to their position of public trust and potential for conflict of interest.
  • A securities broker may have restrictions due to the potential conflict of interest between selling insurance products and investment products.
  • A mortgage broker can typically sell life insurance as there is less potential for conflict of interest.
  • A real estate agent can also generally sell life insurance unless their broker-dealer prohibits it due to conflict of interest or company policy.

Ultimately, the decision rests with the regulatory body governing each profession and the company policies a person is subject to.

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