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A Chartered Life Underwriter (CLU®) is Canada’s most prestigious wealth transfer and estate planning designation. In Canada, the designation is conferred by The Institute for Advanced Financial Education (IAFE).
The CLU program prepares advisers to:
CLU designation holders are required to adhere to the highest standards of professionalism and abide by a strict Code of Professional Conduct.
There are four prerequisite courses that must be completed before individuals are eligible to enroll in CLU courses, although individuals who hold certain credentials are exempt from these prerequisites.
The required CLU courses are:
Upon successful completion of these CLU courses, students are required to apply to the IAFE for authorization to use the CLU designation.
The CLU is an advanced designation that expands on the knowledge gained in the CFP® education program. It is well-recognized in the financial services industry and is respected by clients and their financial practitioners. Having additional knowledge in the areas of estate planning and wealth transfer gives financial planners a competitive edge over other planners with fewer credentials. The CLU program provides a competitive advantage. In addition, research has shown that almost 80% of those who hold a CLU designation make more than $100,000 a year; and more than 4 out of 10 CLU designates make $200,000 or more a year.