08/28/2017 00:02 EDT | Updated 08/28/2017 08:26 EDT

Test Your Knowledge: How Financially Savvy Are You?

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How financially savvy would you say you are? Are you the type to mull over major purchases, or do you live impulsively? Do you have savings, life insurance and investments? Whether you're a master of coin or a rookie who's just getting into the business of finances, find out where you stand on the financial literacy spectrum in this quiz sponsored by CIBC Insurance.

No matter where you fall on the spectrum, it's important to start thinking about how CIBC Term Life Insurance can fit in your financial plan.

*You should always discuss your specific needs with a licensed insurance advisor.

**CIBC Term Life Insurance is underwritten by CIBC Life Insurance Company Limited.