1.1: A user wants to know if they would lose access to their currently installed Lumion version if they upgrade their License Key (either to a Perpetual or Subscription license).
Hello,
Thanks for reaching out.
Older versions remain valid even after doing the upgrade. You'll notice in your Lumion Account that the current license's status will be set to Upgraded. 
So you will still be able to access your current Lumion version that you have installed, just note that it will use up a License Key Seat.
You should know, however, that Lumion Project files are not backward compatible. See the article below for more information:
I hope that helps answer your questions fully.  
3.1: Note: If needed, users can download older Lumion versions from their Lumion Account (only versions they owned).
3.2: References: