CARAIFA is the paramount provider of professional education for Life Insurance & Financial Advisors in the Caribbean. We offer comprehensive programmes for the professional development of our members enabling them to meet the educational standards prescribed by their companies and associations while rendering high quality service to the public. By the dissemination of education courses and programmes from FSCP to CLU, CARAIFA will fulfill its purpose in advancing public knowledge of the concept and uses of life and health insurance and other insurance and financial services or products; and its implementation.
Throughout the years CARAIFA has been adjusting, and upgrading its education programme. At this time, the following programmes are being offered by CARAIFA:
- The Financial Services Certified Professional (FSCP), a designation programme
- The Chartered Life Underwriter (CLU), a designation programme
The FSCP Designation programme combines essential product knowledge with basic planning concepts providing agents with the tools they need to get a jump start in the business and promote long-term success. Agents learn “what to say, how to say it, and when to say it” to capture and retain their clients’ business.
The FSCP programme lay the ground work for the CLU programme.
The CLU Designation continues be the hallmark of the successful life underwriter. The CLU is recognized in the financial services industry, and is respected by clients and their financial practitioners. It implies competence in the area of estate planning, and provides the education needed to differentiate one's practice. CLU designated practitioners are in the unique position of helping their clients build and preserve wealth.
Registration
In order to enroll in the courses offered by CARAIFA, a student MUST be a member who is in good standing, i.e., has paid all membership dues and registration fees.
Enrolment must be done through your local Association. Non-functional Association members requesting to enroll in a course of study MUST pay dues directly to the CARAIFA Secretariat.
Cancellation & Deferral Process
Cancellation of Courses
Students requesting cancellation of their course registration MUST send a written request to the CARAIFA Secretariat via their local Association NO LATER THAN ONE WEEK PRIOR TO THE START OF CLASSES (as per CARAIFA’s schedule) for that course in order to be eligible for a refund of their registration fee. All refunds are subject to an administrative penalty plus any applicable shipping and handling cost associated with the cancellation.
Note well, the course material must be returned to the Local Association still sealed in order to be eligible for the refund. Any requests for cancellations after the deadline will be denied and no refund will be given under any circumstances. All approved refunds will be credited to local Associations accounting held at the CARAIFA Secretariat and notification sent to the local association, who will in turn refund the student as per their specified timelines.
Deferral of Courses
Students requesting deferral of their course registration MUST send a written request to the CARAIFA Secretariat via their local Association NO LATER THAN ONE WEEK PRIOR TO THE START OF CLASSES (as per CARAIFA’s schedule). Deferrals are not eligible for refunds, but are subject to an administrative deferral fee which is due and payable at the time of the request. Students may defer a course to the next semester ONLY, based upon approval from the Education Council Chairman.
Deferral of Examinations
Written notification of deferral requests must be sent to the CARAIFA Secretariat via local associations NO LATER THAN ONE WEEK PRIOR TO EXAMINATION. For an examination to be deferred the student must fulfil the course requirement. All deferrals are subject to an administrative deferral fee which is due and payable at the time of the request. Any request for deferral after the deadline will be denied.
CE Credits
CARAIFA has instituted Continuing Education Credits to ensure our members stay current. As a professional body involved in Education we consider it imperative that our members be cutting edge.