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.
