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AAFM GLO_CWM_LVL_1 Exam - Topic 4 Question 118 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam

Question #: 118
Topic #: 4

[All GLO_CWM_LVL_1 Questions]

A person is on the verge of retirement. He has sufficient funds to meet his daily regular expenses and even he has sufficient insurance coverage. He owns a house property. His family consists of him and his wife only. As a Chartered Wealth manager, which insurance policy would you suggest him?

ARegular annuity policy.

BHouseholders policy.

CMed claim policy.

DBoth B & C.

Show Suggested Answer

Suggested Answer: D

by Adaline at May 12, 2026, 04:20 AM

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Lemuel

5 days ago

Wait, why not just stick with a med claim policy?

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Ngoc

10 days ago

Regular annuity policy seems like the best choice.

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Ressie

15 days ago

I’d go with D, both B & C are important!

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Yvette

20 days ago

I’m a bit confused about whether the regular annuity policy is necessary since he has enough funds already.

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Rebecka

25 days ago

I practiced a similar question where we had to consider both health and property insurance, so I think D could be a good option.

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Stephaine

1 month ago

I’m not entirely sure, but I feel like a householders policy might be more relevant since he owns a house.

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Katlyn

3 months ago

I remember discussing the importance of health coverage for retirees, so I think a Med claim policy could be essential.

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