What does the “CLU” stand for in relation to an insurance agent?

What do the three letters

What do the three letters “CLU” stand for in relation to an insurance agent?

CLU could be an abbreviation for many like:

  1. Certified Legal Underwriter.
  2. Chartered Legal Underwriter.
  3. Chartered Life Underwriter.
  4. Certified Licensed Underwriter.


But in relation to an insurance agent, “CLU” stands for “Chartered Life Underwriter.”


What Is Chartered Life Underwriter (CLU)?

A Chartered life underwriter (CLU) is a position for people who wish to focus on life insurance and estate planning. Supervisors of Certified Financial Planners (CFP) appointments often include the CLU in their markers to indicate additional expertise in the matter. People must pass a series of lessons and tests to get a name.


Chartered Life Underwriter is a position that specializes in life insurance, property planning, and business planning. Chartered life underwriter (CLU) must complete a series of modules and courses to get an honorary degree. Mostly Certified Financial Planners add “CLU” to their brands to showcase the expertise of the field. American College of Financial Services offers a Chartered life underwriter (CLU) degree and encourages learners to adhere to high standards. The Chartered life underwriter (CLU)status can be removed by misconduct or breach of the code of conduct.

Understanding Chartered life underwriter (CLU):

CLU appointments are one of the oldest and most respected brands in financial services, dating back to the late 1920s. It represents a complete understanding of the various types of human risk management and life insurance planning problems. The program also emphasizes ethics, expertise, and in-depth knowledge when delivering advice in the areas of life insurance, business planning, and estate planning. Having more experience in these areas gives financial planners a competitive advantage over other planners with fewer guarantees.

According to The American College of Financial Services, which provides Chartered life underwriter (CLU) profession, financial professionals who manage to be called CLU can estimate 51% more revenue than their partners because they have specialized skills to help clients.1 This program teaches many personal and business aspects of financial planning:

  • How to set and achieve financial goals by analyzing client financial health and identifying health and health insurance needs as well as personal risks and liabilities.
  • Ways to achieve more comprehensive financial security through life insurance and pension products
  • How to manage successful businesses through planning and prevention strategies
  • Ways to improve asset value, save assets and provide financial security during retirement.

Qualification for Chartered life underwriter (CLU):

The American College of Financial Services is an accredited non-profit educational institution established in 1927. It has a high level of academic accreditation – regional accreditation – by the American Higher Development Commission. The college has the full-time technical expertise and is one of the leading financial educators in the United States.

To qualify for CLU, individuals must complete five introductory courses and three elective courses and pass eight 100-question, two-hour tests. Required study titles include Essential Planning, Personal Life Insurance, Life Insurance Act, Basic Property Planning, and Owner and Professional Planning. Other subject topics include financial planning, health insurance, income tax, group benefits, investment, and retirement planning.

The Chartered Life Underwriter must comply with the American College of Financial Services’ Code of Ethics, which includes the following technical guarantee:

“Then, because of all the circumstances surrounding those I work for, I will make every effort to find and understand, to provide that service, in the same circumstances, that would work for me.”

In addition, keeping a name requires 30 hours of continuing education every two years. Finally, the call can be removed for misconduct through the certification committee of the Board of Trustees of American College.


How long (duration) does it take to get a CLU post?

Chartered Life Underwriter

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, the equivalent of 24 semester credit hours



How do you become a Chartered Life Underwriter (CLU)?

To become a CLU, participants must complete courses and modules in life insurance and estate planning. Participating mentors are also required to be fully employed in the industry for at least three of the past five years and adhere to strict ethical standards.


How much does a Chartered Life Underwriter (CLU) make?

Annual compensation for senior CLU and ChFC financial planning coaches ranges from $ 130,000 to $ 133,000, while CFP has an income of $ 101,000. This shows the greater and profitable scope of Chartered Life Underwriter (CLU)


Why should you consider Chartered Life Underwriter (CLU) as a profession:

For nearly 100 years, being called Chartered Life Underwriter has been a high-profile insurance strategy and financial professionals looking for information to become insurance insurers and succeed in a life insurance certificate.

Through the CLU’s eight-course course, you will gain an in-depth understanding of life insurance’s practical, legal, and ethical principles and learn how to offer the best solutions to today’s and diverse clients facing a wide range of risks and financial situations. CLU appointments will increase the quality and breadth of the advice you can provide and enhance your credibility as a certified registrar and help you further your career.


Conclusion of the discussion:

Life insurance is an integral part of a complete financial plan for both individuals and small businesses. It is also a profitable field, where one sale can pay for the entire Chartered Life Underwriter (CLU) career. So whether you are just starting to write your life insurance or a stable professional trying to learn how to write under insurance and give more to your customers, getting a Chartered Life Underwriter (CLU) certificate is the best choice for you.