YOU ASK:
What is the definition of Chartered Life Underwriter (CLU)?
WE ANSWER:
A Chartered Life Underwriter is a professional who has passed examinations on taxation, insurance and investments. He should also have planning experience with regards to life insurance. The CLU has to undergo ten courses, 3 years of relevant and qualifying experience as well as the knowledge and obedience to the code of ethics as provided to the CLUs. The courses aim to provide in-depth training that is concentrated on life insurance and personal insurance planning. There is also an exam after the end of the courses.
The Chartered Life Underwriter as a designation was given first by the American College in Bryn Mawr, Pennsylvania.
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