The Chartered Life Underwriter (CLU®) certification provides the education needed to differentiate your practice in complex wealth transfer and estate planning. It’s considered an elite certification and is widely respected in the financial services industry.
The CLU certification is conferred in Canada exclusively by The Institute for Advanced Financial Education and course materials are provided by Advocis. BCC supports students taking this course by providing live or recorded webinars to aid in learning.
- The BCC Core Curriculum course or the Advocis Financial Planning Fundamentals Program for CLU® Certification. Advocis charges a fee to assess prerequisite equivalencies.
- The prerequisite is waived for candidates who have completed their Certified Financial Planner® (CFP®), Qualified Associate Financial Planner™ (QAFP™) certification or an approved accounting certification. Financial planning, insurance, or other relevant professional certification or accreditation is recommended.
- 4 years of experience within, or related to, the financial services industry.
255: Advanced Concepts in Tax & Law for Personal Planning
- Wealth transfer and estate planning strategies for individuals and families
- Use of life insurance and living benefits to manage personal risks and wealth preservation
- Creation of trusts and other instruments to ensure the orderly transfer of individual wealth
- Examination of the special tax reporting obligations facing individuals who enter or leave Canada
256: Tax & Legal Principles for Businesses and their Owners
- Wealth transfer and estate planning strategies for businesses and business owners.
- Legal and tax implications of certain business structures with particular attention to tax planning strategies
- Issues to be addressed at the sale or transfer of the business or at the death of a principle
- Tax complexities present in the operation of a corporation
- Approaches to identify, apply, and synthesize appropriate income tax techniques used to restructure a corporation
- Planning strategies for the orderly and tax-efficient of business wealth at retirement or upon death.
257: Advanced Estate Planning
- Analysis of a client’s financial status and overall estate planning objectives
- Explain the advantages and disadvantages of different estate planning strategies
- Consider planning strategies involving the use of inter vivos and testamentary trusts
- Assess the need for life insurance to support the estate plan and recommend alternative insurance strategies
Your CLU certification must be renewed annually with The Institute for Advanced Financial Education.
To maintain this certification, you need a minimum of 30 continuing education (CE) credits each calendar year, one credit of which must be from a recognized Ethics program.
The CLU modules may count for CE credits for other professional certification.
Each of the Advocis modules are self-study with:
- Downloadable PDF of module content
- Practice exam
- Grades tool to keep track of your progression through the module
- ReadSpeaker text-to-speech tool
- Completion of two written assignments during the final module
- Final open-book, case-based narrative response proctored exam