CARAIFA - Caribbean Association Of Insurance & Financial Advisors

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CLU®  - Chartered Life Underwriter® via Advocis

Study Format: - Fully Self-Study

CLU® Curriculum
Course 231 – Financial Planning Fundamentals
This course introduces students to the fundamentals important to the discipline of financial planning. Students will acquire an understanding of the concepts and applications associated with financial calculations, and the analysis of financial statements. The basic concepts of contracting and family law are covered followed by an analysis of government sponsored benefit programmes.

Course 232 – Contemporary Practices in Financial Planning
This course introduces students to basic income tax laws and gradually progresses into a more advanced understanding of tax laws as it relates to areas of financial planning. The professional and ethical responsibilities associated with the role of a financial planner and an understanding of the structures and services within the financial industry are reviewed. Different forms of business structures are explored in-depth, along with an understanding of trusts.

Course 233 – Comprehensive Practices in Risk & Retirement Planning
Designed to provide students with a comprehensive understanding of the principles and applications related to concepts of managing risk and retirement planning. This course covers practices, issues and products of insurance and retirement planning. Also explored are risk management and retirement planning processes progressing from the wealth accumulation phase into the retirement phase.

Course 234 – Wealth Management and Estate Planning
This course reviews the basics of economics and investing, and the understanding of investment products. Investment planning and key areas of personal financial management are explored. The course concludes with estate planning fundamentals, concepts and applications.

Course 235 – Advanced Taxation
The course provides important information on income tax rules and regulations that affect individuals, partners, company owners, and financial advisors. This course further presents income tax applications and planning initiatives within a series of practical case scenarios and examples relevant to the advisors day-to-day practice.

Course 236 – Law
This course is designed to provide financial advisors with practical information on the laws of the various jurisdictions that affect their practice. The course provides examples of the operation of the law on financial advisors’ affairs and their relationship with clients and the financial service organizations with which they conduct business.

Course 237 – Applied Estate Planning
This course draws upon the technical knowledge and expertise developed through the preceding CLU courses. Rather than just technical details, emphasis is placed on the application of the knowledge gained in the other courses and the planning process. The programme is designed to assist financial advisors in identifying problems, gathering comprehensive data and planning integrated solutions, essential components in their clients’ financial and estate planning.

CLU® via Advocis Course Policies: Programme Completion Requirements
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.

Administrative Policies: - Please contact your member Association for details on programme completion requirements, cancellations, deferrals inter alia.

Testing: Examinations are organized by member associations.