Given that “jobless recovery” is the new normal, is being a Chartered Life Underwriter truly is a recession proof form of employment?
By: Ringo Bones
Even though recession has already “officially” ended in America and yet jobless recovery has since become the new normal, it seems that in every newspaper’s classified ads and online job search sites, Chartered Life Underwriters seems to be in hot demand as of late. Given that it has a “claim-to-fame” of being a recession proof form of employment, what is a Chartered Life Underwriter?
Chartered Life Underwriters (CLUs) are a financial professional designation for individuals who wish to specialize in life insurance, estate planning and wealth transfer. The Chartered Life Underwriter – as a designation – was first given by The American College of Financial Services, also known as The American College, in Bryn Mawr, Pennsylvania, U.S.A.
Technically, a Chartered Life Underwriter is a professional who has passed examinations on taxation, insurance and investments. He or she should also have planning experience with regards to life insurance. Chartered Life Underwriters typically undergo ten courses, 3 years of relevant and qualifying experience as well as the knowledge and obedience to the code of ethics as provided to the Chartered Life Underwriter. The courses aim to provide in-depth training that is concentrated on life insurance and personal insurance planning. There is also an exam after the end of the courses.