Financial Advisor Designations

Designation: CLU
Designation Full Title: Chartered Life Underwriter
Definition: The CLU® designation is one of the oldest and most respected credentials in financial services, dating back to the late 1920’s. It represents a thorough understanding of a broad array of personal risk management and life insurance planning issues and stresses ethics, professionalism, and in-depth knowledge in the delivery of financial advice.

Issuing Organization: The American College
Website/URL: http://www.theamericancollege.edu
Is the designation still offered: Currently offered and recognized by the issuing organization.
Is the designation still supported: 
What are the prerequisites? 3 full time years business experience within 5 years
What are the requirements to obtain the designation? 5 core courses and 3 electives, 24 semester credit hours
What type of examination is required to complete the designation process? Final closed book proctored exam
Is there any ongoing continuing education or other requirements to maintain the designation? Required if designation earned after February 1, 2007, 30 hours every 2 years
Where can you check if someone has the designation and if it’s current? Yes, www.designationcheck.com
Does the designation have a complaint process and if so, where can it be found? Yes, enforcement policies & procedures & instructions here: http://www.theamericancollege.edu/consumer-resources/submit-a-complaint
Is there a published list of disciplined designees and if so, where can it be viewed? none
Who is the accreditation through? The CLU® designation is one of the oldest and most respected credentials in financial services, dating back to the late 1920’s. It represents a thorough understanding of a broad array of personal risk management and life insurance planning issues and stresses ethics, professionalism, and in-depth knowledge in the delivery of financial advice.
Recommended for: Lice insurance brokers
Code of Ethics or Ethics Course? Yes
Length of Time For Completion: 24 semester hours