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IFSE Institute Life License Qualification Program (LLQP) LLQP Question # 6 Topic 1 Discussion

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IFSE Institute Life License Qualification Program (LLQP) LLQP Question # 6 Topic 1 Discussion

LLQP Exam Topic 1 Question 6 Discussion:
Question #: 6
Topic #: 1

(Vanessa, a grandmother, wants to set up a savings account for her six-month-old granddaughter Brienne’s future education, making a lump sum and regular contributions.

Which account is best suited?)
A.

An RRSP in Brienne’s name

B.

A TFSA in Vanessa’s name

C.

An RESP with Brienne as beneficiary

D.

A TFSA in Tanya’s name

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Actual exam question for IFSE Institute LLQP exam by Draven67855 at Feb 2, 2026, 10:14:10 PM

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