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AAFM GLO_CWM_LVL_1 Exam - Topic 4 Question 118 Discussion

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?
D) Both B & C.
A) Regular annuity policy.
B) Householders policy.
C) Med claim policy.

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?

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Suggested Answer: D

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

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Lauran
3 days ago
I agree, but a Householders policy is also important for home protection.
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Jaleesa
9 days ago
I think a Med claim policy is essential for health coverage.
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Garry
14 days ago
Surprised that annuities aren't the top choice here!
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Madonna
19 days ago
Totally agree with D, can't overlook home and health!
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Glory
24 days ago
Wait, why not just stick with a med claim policy?
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Kiley
29 days ago
Regular annuity policy seems more fitting for retirement.
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Valentine
1 month ago
I'd go with D, both B & C are essential!
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Sol
1 month ago
Surprised that annuity isn’t the top pick here!
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Lucina
1 month ago
Totally agree, householder policy is a must for peace of mind!
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Lemuel
2 months ago
Wait, why not just stick with a med claim policy?
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Ngoc
2 months ago
Regular annuity policy seems like the best choice.
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Ressie
2 months ago
I’d go with D, both B & C are important!
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Yvette
2 months 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
2 months 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
3 months 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
4 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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