Clu certification requirements

About The Chartered Life Underwriter Designation The Chartered Life Underwriter CLU designation is the undisputed professional credential for persons involved in the protection, accumulation, preservation, and distribution of the economic values of human life.

Upon completion, students have the expertise to provide guidance to clients on types and amounts of life insurance, make recommendations on aspects of risk management, and expert knowledge of various insurance solutions.

The CLU program provides insights into the life insurance business, its importance to the economy, its operation and distribution systems, and its resurging importance for safe and secure investments. For agents, field managers, home office personnel, and others involved in providing life insurance products to the public, the CLU designation is the common bond for continuing growth and commitment to professionalism.

clu certification requirements

The CLU designation is one of the oldest and most respected credentials in financial services, dating back to the late 's. It represents a thorough understanding of a broad array of personal risk management and life insurance planning issues and stresses ethics, professionalism, and in-depth knowledge in the delivery of financial advice. According to studies, financial professionals holding a CLU designation can average 51 percent greater income than their counterparts.

The program can be completed as quickly as a candidate desires, but most students complete their designation requirements within months. Series 6 Series 7 Other Security Licensing. Training Certifications State Requirements.

Login Logout My Account Renew. Virgin Islands. Professional Development. The exam fee is included in this tuition. Examination Requirements Each exam is a two-hour, question, computer-administered exam. National exams are given throughout the year at local testing centers, with your results provided immediately upon the completion of your exam.

Contact PearsonVue Education at for more information or to schedule your exam. Additional Requirements Candidates must meet experience requirements and ethical standards, including three years of business experience within the five years preceding the date of use of the designation are required.

An undergraduate or graduate degree from an accredited educational institution qualifies as one year of business experience and part-time qualifying business experience is credited toward the three-year requirement on an hourly basis, with 2, hours representing the equivalent of one year full-time experience. Continuing Education Requirements Each designee who falls in one of the following categories must complete 30 hours of continuing education every two years.

Share on Facebook Share on Twitter.View the Program Delivery section for more details. Life insurance is a vital part of holistic financial planning for both individuals and small businesses.

The benefits of a sound estate plan can be applied to clients of any net worth. Download our guide to learn key strategies for success. All other courses follow our traditional self-study model with robust course materials and interactive elements, including:.

Enroll now for instant access to your digital textbook, syllabus and other learning resources. Whether you prefer self-paced or structured, your tuition is the same. HS Fundamentals of Insurance Planning: This course focuses on the role of planning for risk management needs.

The topics covered include:. HS Individual Life Insurance: Focuses on life insurance policies and annuities available for the personal needs of individuals and their use in financial planning. Covers individual insurance products, insurance reserves regulation, and the organization, operations, and investments of insurance companies.

HS Life Insurance Law: Examines legal rights and obligations of the policy owner and the insurance company, the way disputes between the insured and insurers are resolved and general principles of the judicial process. Covers legal aspects of life insurance, including basic principles of contract law; policy provisions and the incontestable clause; assignments, ownership rights and creditor rights; beneficiary designations and disposition of proceeds; the law of agency; and advertising and privacy issues.

HS Fundamentals of Estate Planning: This course provides a basic understanding of the estate and gift tax system, including strategies of estate planning.

Chartered Life Underwriter (CLU)

Covers various aspects of estate and gift tax planning, including:. HS Planning for Business Owners and Professionals: Focuses on tax and legal aspects of organizing a business; compensation planning for the business owner; business succession planning; buy-sell agreements; estate planning and estate freezing techniques; methods for transferring a family business; lifetime disposition of a business interest. Elective courses choose three HS Financial Planning: Process and Environment: This course provides an overview of the financial planning process, including the role and responsibilities of a financial planner along with analytical tools to aid in financial decision-making.

Topics include:. HS Income Taxation: The course examines the federal income tax system with particular reference to the taxation of individuals. Concepts covered include:.If you hold any of the following designations, you must participate in the Professional Recertification Program for your designation to remain active:. Learn more about the Professional Recertification Program here. Course requirements must be successfully completed in order to sit for the final exam.

The three-year period must be within the five years preceding the date of the award. An undergraduate or graduate degree from an accredited educational institution qualifies as one year of business experience. Part-time qualifying business experience is credited toward the experience requirement on an hourly basis, with 2, hours representing the equivalent of one year of full-time experience. The following activities meet the required business experience qualifications included in the certification process:.

Designation Requirements

Students must satisfy the attendance requirements and have a moderator grade of at least 70 to be eligible to take the final exam. Guidelines for taking the exam and instructions for registering an exam proctor can be found online in Brightspace.

Student and proctor exam eligibility emails will be sent as soon as the student has met the exam eligibility requirements. Students have 4 weeks from the last class to take their exam. To underscore the importance of ethics standards for Huebner School designations, the Board of Trustees adopted a Code of Ethics in Embodied in the Code are the Professional Pledge and eight Canons. Avoid practices that would bring dishonor upon your profession or The American College.

Continue your studies throughout your working life so as to maintain a high level of professional competence. Support the established institutions and organizations concerned with the integrity of your profession. Participate in building your profession by encouraging and providing appropriate assistance to qualified persons pursuing professional studies.

Comply with all laws and regulations, particularly as they relate to professional and business activities. Skip to main content. Search Enter your keywords. Toggle navigation. Taking Exams Scheduling and sitting for your examinations After Your Program Academic records and professional recertification. Plan Your Studies. Our People. Webcasts Watch our on-demand webcasts regarding relevant financial planning topics News Center Access our latest content offers and insight blogs, and see where The College is being mentioned in the news.

Podcasts Listen to our NextGen in 10 podcast hosted by up-and-coming leaders in the financial services industry. Events Gain access to all upcoming events with The College.

About the College. Designation Requirements. Professional Recertification Program. The following activities meet the required business experience qualifications included in the certification process: Insurance and health care Field underwriting and management, including sales and service activities, supervision and management of persons involved in sales or services, or staff support of persons in these activities. Company management and operations in positions involving substantial responsibility.At some point in your financial career, you may encounter a client whose current situation is complicated.

During your meeting, you may face some challenges when it comes to determining the best solution. Clients with seemingly simple situations can often have complex issues related to life insurancetaxes, or estate planning. They may also be unaware of those situations. In order to avoid these types of awkward cases, it is important to ensure that you equip yourself to recognize many situations and guide your clients through them correctly. By increasing your knowledge, your credibility and income will benefit.

The CFP designation is perhaps the most widely recognized credential in the field today, due largely to the amount of exposure it has received from the media. This credential is generally the designation of choice for those who wish to offer fee-based financial planning and traditionally has been more heavily pursued by those in the tax, legal or investment professions. Insurance agents who obtain this designation can use it to provide comprehensive financial plans for clients and show them how their various insurance needs fit into such plans.

The CFP curriculum contains five core courses that cover the following planning topics:. There are approximately conceptual topics related to financial planning that are covered in this material. Once all coursework is successfully completed, students must pass a rigorous, comprehensive hour board exam.

Once the candidates pass the examthey must pass a background check and pay an entrance fee before receiving their certifications. Once you become a CFP, you'll have to renew your certification on a regular basis.

clu certification requirements

This is required every two years. Becoming a CFP takes a lot of hard work and commitment. But there are a lot of benefits to those who pursue this designation. First of all, it gives you the ability to help your clients meet their financial goals.

It also provides you with a boost in your incomeā€”becoming certified can give you the potential for a higher salary. The CLU is widely considered to be the most respected insurance designation in the industry. The CLU has traditionally been pursued by agents who wish to specialize in life insurance for business or estate-planning purposes. The current course curriculum for the CLU includes five required courses. They include the following:. In addition to the five required courses, individuals must also enroll in three elective courses.

These can be chosen from such subjects as the following:. Students are able to do coursework in class or online for select courses.

clu certification requirements

One of the main benefits of this course of study is that you're allowed to complete coursework at your own pace. Students are given four months after registering in which to schedule their final exam. This designation is also available through the American College. This designation has the same core curriculum as the CFP designation, plus two or three additional elective courses that focus on various areas of personal financial planning.

But the biggest difference is that it does not require candidates to pass a comprehensive board exam, as with the CFP. Due to the number of courses that overlap both the ChFC and CFP, the ChFC and CLU marks are often taken by individuals seeking in-depth knowledge of both financial planning and insurance, but who wish to avoid a lengthy board exam.

Some of the areas the program outlines are:. There really is no right answer to this question. The answer lies in your preferred area of focus. If you want to focus more exclusively on life insurance, then the CLU designation provides the most complete curriculum for you. If you prefer to focus on comprehensive financial planningthen one of the other two credentials are a better fit.Advertiser Disclosure: The credit card and banking offers that appear on this site are from credit card companies and banks from which MoneyCrashers.

This compensation may impact how and where products appear on this site, including, for example, the order in which they appear on category pages. Advertiser partners include American Express, Chase, U. Bank, and Barclaycard, among others. There is one important distinction, however, in that no comprehensive board exam is required to attain the CLU. In that sense, it may be somewhat easier to achieve than its counterpart. Nonetheless, the CLU provides a comprehensive insurance-based education.

Over 94, agents carry this designation for every major insurance carrier in the U. Any life insurance agent, broker, or wholesaler who decides to make a career out of selling life products should seriously consider becoming a CLU.

With this credential, even stockbrokers, bankers, estate planners, and tax professionals can enhance their marketability and income by complementing their existing services with in-depth life insurance knowledge. The American College states that CLUs earn about one-third more than their non-credentialed colleagues.

CLUs are thoroughly trained to more effectively handle complex transactions related to business and estate planning, and can therefore provide a greater level of service to clients than other agents. Earning the CLU can also make an agent more attractive as a managerial candidate or sales trainer. Curriculum costs will increase for each course the student wants physically shipped to them and for any supplementary study materials they select.

The difference between this and the upfront costs are minimal i. CLUs must complete 30 hours of relevant continuing education coursework every 2 years and submit it to the American College. Those who have the ChFC designation can pay a single fee for both. Earning the CLU credential is now slightly easier than it used to be. It requires the completion of five core courses and three elective courses.

The five required courses and elective options are:. Each of these courses is generally equivalent to a 3-hour undergraduate college course.

Certified Financial Planner Career What Does a CFP Do

Each of the courses in the CLU curriculum comes with a final exam that must be passed before credit for the course can be awarded. But there is no comprehensive board exam that covers the entire curriculum after it has been completed. Once started, courses must be completed within five years, and all prospective CLUs must have at least three years of pertinent experience in the financial industry, such as with investments, insurance, banking, accounting, or taxation.

Earning the CLU designation is a major undertaking for most life insurance agents.Because the right financial professional for you is the one who can get you there. The advisors and other financial professionals listed on our website include but are not limited to broker-dealer registered representatives, investment advisor representatives, insurance agents, and others.

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