Chartered Life Underwriter Programme

 Through Advocis

 

Course Description

 

A CLU is a Financial Advisors with advanced knowledge in Health and Life Insurance and also Employee Benefits.  There are no pre-requisites involved in registering for the CLU programme.  Students may enrol in this programme through CARAIFA following pre-established steps that includes their local associations.

 

Course Format

 

Course 231 – Financial Planning Fundamentals

Course 232 – Contemporary Practices in Financial Planning

Course 233 – Comprehensive Practices in Risk & Retirement Planning

Course 234 - Wealth Management and Estate Planning

Course 235 – Advanced Taxation

Course 236 – Law

Course 237 – Applied Estate Planning

 

Please Note – Courses 231, 232, 233 and 234 are CFP courses. Upon completion of these four (4) courses, students may opt to do the CFP 230, which is a comprehensive exam of 231, 232, 233 and 234 courses. Students who successfully complete the CFP230 will receive a CFP Certificate NOT a CFP Designation

 

Students are then required to complete 235, 236 and 237 to complete the CLU educational programme. Upon successful completion of the CLU programme, students will then be required to apply for the authorization to use the CLU Designation. Maintaining Advocis membership is an ongoing requirement for the CLU designation. CLU advisors WILL BE REQUIRED to re-apply annually for the continued right to use the CLU designation. The CLU designation is subject to an annual professional fee.

 

CLU courses are offered in

• Three semesters.
• Examinations are marked out of 100

 

Pass Requirements

 
The CLU programme is designed for completion on a self-study basis. Success therefore, depends in large part on your ability to discipline yourself.

 

To successfully complete a CLU course, you must obtain an examination grade of at least 60%. Students who miss the exam or are not successful in the first writing of the examination, but achieve a exam grade of at least 40%, may apply to write the supplemental examination at its next available sitting only, for a fee. Students who fail the supplemental examination or fail the regular examination with a grade of less than 40% may re-enroll in the course at a cost, given that new course material is not required. For more information, please contact the CARAIFA Secretariat.

 

Proof of performance

Students who successfully complete the course subjects, and meet the conditions prescribed by CARAIFA, will receive a diploma. 

 

PLEASE CONTACT YOUR LOCAL ASSOCIATION REGARDING FEES

  

 

CARAIFA has partnered with the American College to offer intensive, highly applicable courses that suit the needs of our insurance professionals.  The Chartered Life Underwriter is widely recognized as the highest level of studies in the life insurance profession. Since 1927, more than 94,000 individuals have earned this distinction, enabling them to present a wider range of solutions for the life insurance needs of individuals, business owners and professionals, including income replacement, estate planning, and wealth transfer. In addition to increasing their clients’ financial well being, CLUs average 27 percent higher income than their peers without a designation.