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AAFM GLO_CWM_LVL_1 Exam - Topic 7 Question 109 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam

Question #: 109
Topic #: 7

[All GLO_CWM_LVL_1 Questions]

For a ''single income family'' priority is on

AProtecting income via a term plan

BInvesting in commodities to grow wealth

CInvesting in Mutual Funds to grow wealth

DNone of the above

Show Suggested Answer

Suggested Answer: A

by Dahlia at Oct 18, 2025, 04:27 AM

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Lorean

7 months ago

I still lean towards A. Security first for families.

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Ria

7 months ago

I feel like D could be an option too. Sometimes none fit.

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Noel

7 months ago

True, but if the income is lost, what then?

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Ligia

7 months ago

But what about C? Mutual funds can grow wealth too.

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Jonelle

7 months ago

I agree, A makes sense. A single income is risky.

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Laura

8 months ago

Isn't it risky to focus solely on one income?

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Brittni

8 months ago

Definitely A! You need to secure that income first.

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Micaela

8 months ago

I think investing in mutual funds is a better option.

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Kent

8 months ago

A) Protecting income is crucial. You don't want to end up living in a cardboard box, do you?

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Carrol

8 months ago

B) Commodities? Are you kidding me? That's way too risky for a single-income household. Stick to the basics, folks.

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Kimberlie

8 months ago

C) Investing in Mutual Funds is the best option to grow wealth steadily. Diversification is key!

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Eva

9 months ago

A term plan is crucial for income protection!

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Dwight

9 months ago

Gotta be A) Protecting income via a term plan. That's the best way to make sure the family is taken care of if something happens to the main breadwinner.

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Larae

9 months ago

I think A is the best choice. Protecting income is crucial.

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Charlene

9 months ago

Wait, why would a single income family invest in commodities?

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Lawana

9 months ago

A) Protecting income via a term plan is the way to go for a single-income family. Gotta keep that cash flow secure!

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Marquetta

10 months ago

I'm a bit confused on this one. I was considering B) Investing in commodities, but now I'm not so sure. Guess I'll have to review my notes again.

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Hyun

10 months ago

For a single-income family, I'd say the priority should be on protecting that income, so I'm leaning towards A) Protecting income via a term plan.

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Claribel

10 months ago

Hmm, I'm not sure about this one. I was thinking maybe C) Investing in Mutual Funds, but I'll have to think it through a bit more.

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Marla

10 months ago

I think the key here is to focus on protecting the family's income, so I'd go with A) Protecting income via a term plan.

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Ty

6 months ago

Sure, but income protection should come first in my opinion.

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Louisa

6 months ago

But what about investing? Isn't that important too?

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Tamera

6 months ago

Definitely! A term plan can provide peace of mind.

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Hayley

7 months ago

I agree, protecting income is crucial for a single income family.

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Rikki

11 months ago

I’m a bit confused about this one. I thought investing in commodities could also be a priority, but maybe that’s not the best choice for a single income family?

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Cathrine

11 months ago

Investing in mutual funds could be a good option too, but I feel like the priority should really be on securing the income first.

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Aja

11 months ago

I remember a practice question that emphasized the importance of income protection, so I lean towards option A.

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Lou

11 months ago

I think protecting income with a term plan makes the most sense for a single income family, but I'm not entirely sure.

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