CLU case studies
CLU · Put your knowledge to work in context.
The Chartered Life Underwriter® (CLU®) is a specialized designation for financial professionals who want deep, practical expertise in life insurance and its use inside a holistic financial plan. It is offered by The American College of Financial Services and is aimed at advisors, agents, and planners whose clients need help with risk management, estate planning, business continuity, key person coverage, and related employee benefits. The CLU case studies are 5 cases and about 4,426 words.
1How Much Is Enough When One Obligation Never Quite Ends
Mark, 41, is a plant manager earning 120,000; Elena, 39, earns 35,000 part-time as a dental hygienist. Their sons are 9 and 5.
884 words, about 4 min2The 22-Year-Old Policy and the Agent Who Wants It Gone
Dale, 58 and married, bought a 750,000 whole life policy 22 years ago. It now carries 210,000 of cash value, 85,000 of paid-up additions from dividends, and 96,000 of cumulative premiums paid.
834 words, about 4 min3Portability, Basis, and a Policy Assigned Eighteen Months Ago
Harold, 74, and Jean, 71, are married with a combined net worth of 16.2 million: S corporation stock worth 9 million (basis 600,000), joint brokerage accounts of 3.2 million (basis 1.1 million), Jean's traditional IRA of 1.4 million, a residence worth 1.6 million (basis 350,000), and a 1 million policy on Harold's life that he assigned to an irrevocable life insurance trust 18 months ago. Harold has early cognitive impairment; Jean is healthy and is the family's decision maker.
884 words, about 4 min4A Buy-Sell That No Longer Fits the Business or the Owners
Ridgeline Engineering is an S corporation appraised at 6.0 million last year. Alan (61) owns 50%, Beth (44) owns 30%, and Carl (58) owns 20%.
897 words, about 4 min5The Max-Funded Policy as a Retirement Engine
Clare, 52, is a divorced hospital administrator earning 185,000. She contributes the maximum to her 401(k) including catch-up and has 520,000 there; she also has 90,000 in a taxable brokerage account and a 250,000 term policy with six years remaining.
927 words, about 5 min