What is a 'Chartered Life Underwriter - CLU'

A chartered life underwriter (CLU) is a professional designation for individuals who wish to specialize in life insurance and estate planning. Individuals must complete five core courses and three elective courses, and successfully pass all eight two-hour, 100-question examinations in order to receive the designation.

BREAKING DOWN 'Chartered Life Underwriter - CLU'

Financial planners with a CFP designation will often earn the CLU designation title to demonstrate their expertise in the areas of life insurance and estate planning to existing and potential clients. Having additional knowledge in these areas gives financial planners a competitive edge over other planners with fewer credentials.

RELATED TERMS
  1. Chartered Financial Consultant ...

    A professional designation representing completion of a comprehensive ...
  2. Associate In Personal Insurance ...

    A designation earned by professionals looking for training in ...
  3. Advanced Life Underwriting

    The process of integrating the complex insurance issues of estate ...
  4. National Association Of Estate ...

    A nationwide coalition of estate planners and estate planning ...
  5. Advanced Diploma In Insurance

    A qualification earned by insurance professionals and conferred ...
  6. Associate In Surplus Lines Insurance ...

    A designation earned by insurance professionals involved with ...
Related Articles
  1. Financial Advisor

    CFP, ChFC or CLU: Which Is Best?

    The Certified Financial Planner designation is the most widely recognized credential in the financial planning field today.
  2. Financial Advisor

    A Guide To Financial Designations

    Find out which certifications can bring you the greatest career returns.
  3. Financial Advisor

    The Alphabet Soup of Financial Certifications

    We decode the meaning of the many letters that can follow the names of financial professionals.
  4. Financial Advisor

    CFP, CLU Or ChFC - Which Is Best?

    The designation you choose will depend on which areas of financial planning you want as your focus.
  5. Personal Finance

    Financial Planner: Job Description & Average Salary

    Learn about the general job duties and average salary of a financial planner, as well as the education, training and skills necessary for success.
  6. Managing Wealth

    Financial Designations That Lead To The Highest-Paying Jobs

    Not only do these finance careers pay high salaries, they're also in high demand.
  7. Insurance

    Is Insurance Underwriting Right For You?

    If you have excellent analytical skills and an eye for detail, this may be your calling.
  8. Financial Advisor

    Designations For The Buy Side

    For those interested in picking securities and financial planning, these certifications could be just what your buy-side financial career needs.
  9. Insurance

    Life Insurance

    Life insurance is an important component of basic financial planning. Find out how life insurance works and how insurance companies are able to profit through providing financial security to ...
  10. Financial Advisor

    A Close Look At Certified Senior Designations

    We examine the validity of senior financial designations and whether they are worth pursuing.
Hot Definitions
  1. Bond

    A bond is a fixed income investment in which an investor loans money to an entity (corporate or governmental) that borrows ...
  2. Whole Life Insurance Policy

    A life insurance contract with level premiums that has both an insurance and an investment component. The insurance component ...
  3. Compound Annual Growth Rate - CAGR

    The Compound Annual Growth Rate (CAGR) is the mean annual growth rate of an investment over a specified period of time longer ...
  4. Capital Asset Pricing Model - CAPM

    A model that describes the relationship between risk and expected return and that is used in the pricing of risky securities. ...
  5. Internal Rate Of Return - IRR

    A metric used in capital budgeting measuring the profitability of potential investments.
  6. Current Ratio

    The current ratio is a liquidity ratio that measures a company's ability to pay short-term and long-term obligations.
Trading Center