Chartered Life Underwriter (CLU®) Module Descriptions

Chartered Life Underwriter (CLU) Pre-requisite courses

$ 150 + applicable taxes for Advocis Members.
Non members pay $375 + applicable taxes.
  • Content on-demand - start program at your convenience
  • 120 day window for completion of each module from date of registration

Chartered Life Underwriter® (CLU®) Module Descriptions

Advanced Concepts in Tax & Law For Personal Planning – 255

This course focuses on wealth transfer and estate planning strategies for individuals and families. Descriptions of law and tax structures lead to discussions on applicable financial planning approaches for individuals and families. Learning objectives include: The use of life insurance and living benefits to manage personal risks and wealth preservation, the creation of trusts and other instruments to ensure the orderly transfer of individual wealth, the examination of the special tax reporting obligations facing individuals who enter or leave Canada, and the examination of client objectives and responsibilities at death including tax and legal obligations and how they can be reconciled to the wealth transfer and estate planning intentions of the testator.

Self-Study

Advocis offers this course online. Candidates can complete the learning at their own pace within the 120-day window for course completion. This course is estimated at 55 study hours. Please note a minimum passing grade of 60% is required.

Prerequisite

Successful completion of the Advocis Financial Planning Fundamentals Program for CLU® Certification.

Features

  • Downloadable PDF of course content
  • Practice course exam
  • Grades tool to keep track of your progression through the course
  • ReadSpeaker text-to-speech tool
  • 120-day window for completion of course

CE Credits

  • The Institute: 30
  • Alberta Insurance Council: 30 Life
  • Insurance Council of Manitoba: 30
  • Insurance Councils of Saskatchewan: 30
  • MFDA: 25 PD and 5 BC
  • FP Canada: The content is not formally accredited with FP Canada but should be recognized in the Financial Planning category. Please confirm with FP Canada directly.

Candidates seeking CE or PDU credits for professional designations or organizations should contact the governing body for confirmation of CE/PDU qualification.

Pricing

Member price: $600 (add GST/HST)

Non-Member price: $1,000 (add GST/HST)

Tax and Legal Principles for Businesses and their Owners – 256

This course focuses on wealth transfer and estate planning strategies for businesses and business owners. Learning objectives include: A description of the legal and tax implications of certain business structures, specifically sole proprietorships, partnerships and corporations with particular attention to tax planning strategies and the issues to be addressed at the sale or transfer of the business or at the death of a principal, a special focus on the tax complexities present in the operation of a corporation, the approaches to identify, apply, and synthesize appropriate income tax techniques used to restructure a corporation, and the consideration of planning strategies for the orderly and tax-efficient of business wealth at retirement or upon death.

Self-Study

Advocis offers this course online. Candidates can complete the learning at their own pace within the 120-day window for module completion. This course is estimated at 55 study hours.

Pre-requisite

Successful completion of the Advocis Financial Planning Fundamentals Program and CLU designation course 255.

Features

  • Downloadable PDF of course content
  • Practice course exam
  • Grades tool to keep track of your progression through the course
  • ReadSpeaker text-to-speech tool
  • 120-day window for completion of course

CE Credits

  • The Institute: 30
  • Alberta Insurance Council: 30 Life
  • Insurance Council of Manitoba: 30
  • Insurance Councils of Saskatchewan: 30
  • MFDA: 25 PD and 5 BC
  • FP Canada: The content is not formally accredited with FP Canada but should be recognized in the Financial Planning category. Please confirm with FP Canada directly.

Candidates seeking CE or PDU credits for professional designations or organizations should contact the governing body for confirmation of CE/PDU qualification.

Pricing

Member price: $600 (add GST/HST)

Non-Member price: $1,000 (add GST/HST)

Advanced Estate Planning – 257

This course is the culmination of all the courses in the CLU program. The course is designed to help financial advisors hone their skills in working with the client to develop a comprehensive estate plan that addresses all of the client’s objectives and obligations. Learning objectives include: To analyze the client’s financial status and overall estate planning objectives, to explain the advantages and disadvantages of different estate planning strategies and contrast them with one another, to consider planning strategies involving the use of interviews and testamentary trusts, and to assess the need for life insurance in order to support the estate plan and recommend alternative insurance strategies.

The Advanced Estate Planning (257) course is offered on a semester basis. The course is comprised of readings, case studies and assignments followed by the course exam. The registration period has been established to allow candidates the opportunity to reasonably complete all course requirements and prepare for the course exam.

If this registration period is missed, there is a period in which to submit a late registration request after the registration deadline has passed. Candidates can submit their request to info@advocis.ca. A late registration fee of $150 + applicable taxes will be applied. 

Prerequisites are the Financial Planning Fundamentals Program (CLU pre-requisite course) and CLU Designation Courses 255 and 256.

Required Textbooks

  1. Estate Planning with Life Insurance, 9th Edition by Steve Meldrum, CFP®, CLU®, FEA. The 9th edition can be purchased directly from Wolters Kluwer; and
  2. Wealth Planning Strategies for Canadians 2024 by Christine Van Cauwenberghe, B.Comm., LL.B., CFP, TEP. The 2024 edition can be purchased directly from Thomson Reuters.

Completion Requirements

  • Passing grade: 60%
  • Two case-based written assignments (40% of overall grade)
  • Ethics & Professional Standards module (20% of overall grade)
  • Final online proctored exam (40% of overall grade)

Features

  • Downloadable PDF of Advocis Course Book (Required Textbooks not available in PDF)
  • Practice course exam
  • Grades tool to keep track of your progress through the course
  • ReadSpeaker text-to-speech tool

CE Credits

  • The Institute: 30
  • Alberta Insurance Council: 30 Life
  • Insurance Council of Manitoba: 30
  • Insurance Councils of Saskatchewan: 30
  • MFDA: 25 PD and 5 BC
  • FP Canada: The content is not formally accredited with FP Canada but should be recognized in the Financial Planning category. Please confirm with FP Canada directly.

Candidates seeking CE or PDU credits for professional designations or organizations should contact the governing body for confirmation of CE/PDU qualification.

Pricing

Member price: $685 (add GST/HST)

Non-Member price: $1,370 (add GST/HST)

Late registration price: Course fee ($685 or $1,370 depending on Advocis membership status) + $150 late registration fee (add GST/HST)

 

Summer 2024 Semester

Registration for the Summer 2024 Semester will open on June 3, 2024, and close on July 12, 2024. Please note that a late registration fee will apply to individuals who register from July 2 to July 12, 2024.

Course Requirement% of Overall Course MarkDeadline
Assignment 120%August 15, 2024
Assignment 220%September 15, 2024
Ethics & Professional Standards Module20%November 12, 2024
Final Exam
(Proctored Online)
40%November 13, 2024

 

Winter 2025 Semester

Registration for the Winter 2025 Semester will open on December 2, 2024, and close on January 10, 2025. Please note that a late registration fee will apply to individuals who register from December 31, 2024 to January 10, 2025.

Course Requirement% of Overall Course MarkDeadline
Assignment 120%February 15, 2025
Assignment 220%March 15, 2025
Ethics & Professional Standards Module20%May 13, 2025
Final Exam
(Proctored Online)
40%May 14, 2025

 

Summer 2025 Semester

Registration for the Summer 2025 Semester will open on June 2, 2025, and close on July 11, 2025. Please note that a late registration fee will apply to individuals who register from July 1, 2025 to July 11, 2025.

Course Requirement% of Overall Course MarkDeadline
Assignment 120%August 15, 2025
Assignment 220%September 15, 2025
Ethics & Professional Standards Module20%November 11, 2025
Final Exam
(Proctored Online)
40%November 12,  2025