What does Risk and Occupation mean? Read on to discover the definition & meaning of the term Risk and Occupation - to help you better understand the language used in insurance policies.
Risk and Occupation
"Risk and occupation" refers to the degree to which occupational and other risks can affect an insurance applicant's insurability for life insurance and disability insurance companies. Certain people have a higher degree of risk due to lifestyle habits, such as smoking or heavy drinking, while some have a higher degree of risk from working in dangerous professions, such as logging.
We hope the you have a better understanding of the meaning of Risk and Occupation.