"The CLU? I have no idea what
they do. Are they some kind of life insurance salespeople?"
This is a common
reaction. Unless you've actually worked on a financial or estate planning
team with a Chartered Life Underwriter it's hard to imagine how valuable he
or she can be.
Like the Chartered
Accountant or the Corporate Legal Counsel, the CLU is a senior professional
in the field of life, health and group insurance, annuities and
financial planning.
The CLU only becomes
qualified through long years of study. On average, it takes seven years to
complete the prerequisite course and twelve subjects administered by the
Life Underwriters Association of Canada in consultation with University of
Toronto, School of Continuing Studies. Upon completion of the course, the
title and designation "Chartered Life Underwriter (CLU)" is
conferred by the Institute of Chartered Life Underwriters of Canada.
These studies include
advanced courses in taxation, law, business finance, economics and
accounting as well as the principles of life insurance, estate planning and
group coverage. The CLU follows a very high and rigid standard of ethical
conduct. |
What can a CLU do for you?
- Life insurance is often a
vital part of our clients' financial planning. Having a CLU on your
team will give you precise and up-do-date counsel in this complex and
diverse area.
- It works both ways. CLUs
often require the counsel of other professionals in serving their own
clients. When you have a working relationship with a successful CLU,
it can be rewarding for both of you.
- The laws and regulations
concerning group coverage, annuities, RRSPs and pension plans are
constantly changing. Here too, the knowledge and experience of your
CLU can be invaluable.
- Whether you are a lawyer,
chartered accountant, trust officer or other financial officer, you
know you work more effectively when you work with other professionals.
When you work with a CLU you work with a recognized professional!
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