Chartered Life Underwriter (CLU)
| Designation Essentials | |
|---|---|
| Prerequisites | Three years of full-time business experience within the five years preceding the awarding of the designation |
| Education Requirements | Five core and three elective courses, equivalent of 24 semester credit hours |
Three years of full-time business experience is required for all Huebner School designations. 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.
The Chartered Life Underwriter Exam, or CLU Exam, refers to a program consisting of five college-level core courses and three electives. Each course takes approximately three weeks to complete, with the entire online progression of study running from six to nine months in duration.
Upon successful completion of the CLU Designation Program, you must apply to receive the designation. At the time of application you must attest to having completed at least four years of experience within, or related to, the financial services industry.
Data from the FPA earnings study also revealed the median annual total compensation for CLU and ChFC sole practitioners ranges from $83,000 to $89,000, while those with a CFP certification, on average, only earn $80,000 in total compensation.
Here are the most popular and respected designations these organizations offer:
ChFC exams are not difficult. If for some reason you don't pass one, just take it again. It's not like the CFP where the two day final really is difficult and where you have a lot invested in passing it.
Chartered life underwriter, or CLU, is a financial services certification for financial advisors who specialize in life insurance within the context of estate planning. Although many advisors have experience with estate planning, CLUs go through rigorous training to earn this designation.
Life Underwriter Training Council Fellow (LUTCF)
Member in good standing with NAIFA. Three eight-week courses. Final exam for each course (online, proctored). Three hours of ethics-related continuing education every two years for designees who earned their credential on or after 7/1/2015.
To receive a Huebner School designation (including ChFC®, CLF®, CLU®, RICP®, and WMCP®), you must successfully complete all courses in your selected program, meet experience requirements and ethics standards, and agree to comply with The American College Code of Ethics and Procedures.
The Chartered Leadership Fellow® (CLF®) program provides financial services managers with the knowledge and tools they need to achieve key organizational goals, such as recruitment and retention, setting performance standards, and developing business plans.
There are currently 3,600 advisors in Canada with the CLU designation.
What's the Difference Between a CFP and a ChFC? ... A CFP is required to take seven courses, while a ChFC must take nine courses, two of which are application-based courses. While a CFP must take a comprehensive board exam after completing all coursework, a ChFC takes a test at the end of each course.
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