Pre-Summer Special Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: validbest

Discussions
  1. Home
  2. Discussions
  3. IFSE Institute
  4. Life License Qualification Program
  5. LLQP Discussions
  6. LLQP Exam Topic 6 Question 56 Discussion
 IFSE Institute Discussions
Exam LLQP All Questions
Exam LLQP All Questions

View all questions & answers for the LLQP exam

Go to Exam

IFSE Institute Life License Qualification Program LLQP Question # 56 Topic 6 Discussion

LLQP Exam Topic 6 Question 56 Discussion:
Question #: 56
Topic #: 6

(Suzie began her career with a large law firm five years ago. She earns an excellent income and saves $5,000 annually through a financial advisor. Her advisor placed her in a conservative fund within a TFSA. Suzie wanted to save for retirement and maximize tax deductions.

Based on this information, what conclusion can be drawn about Suzie’s savings program?)
A.

It is adequate.

B.

It is not adequate: an RRSP would have been better than a TFSA.

C.

It is not adequate: it should at least be better diversified.

D.

It is not adequate: it should be better protected from potential creditors.

Get Premium LLQP Questions
Actual exam question for IFSE Institute LLQP exam by Draven74270 at May 2, 2026, 10:17:15 PM

Contribute your Thoughts:


Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.

Submit