Education

Download 2010 documents:

2008 Education Brochure
Foundations of Financial
Planning and Investment
Planning (PDF)

Life Underwriters Association Training Course (LUATC)

LUATT in its quest and concern re. professionalism to enhance our membership resulting in a better equipped insurance salesperson, embarked on administering the LUATC Course. This course covered many subject areas and members had to successfully complete the two (2) parts to be awarded a certificate. This course was done through LUATT in conjunction with (Life Underwriters Association of Canada) LUAC . At first moderating of different classes was done by experienced volunteer members of the Association but as time progressed and graduates were now available to assist as moderators were chosen from the graduates and this formula is still in existence to date.

In January 1996 progress saw to changes in the structure of the LUATC programme and the course was broken up into three (3) segments vis à vis 101, 102 and 103. With this revised educational programme, each course would last from 12 to 15 sessions. Thus, the entire programme would consist of 42 to 45 sessions, a slight increase over the 40 sessions presently contained in LUATC. This structure takes three terms to complete, which is a contrast to the past structure of a 40 week approach. Whereas obtained in the old structure where students took approximately two years to complete the course, this new structure allows for the student to complete the entire course in one year

Certified Financial Planner

The Certified Financial Planner programme was also established in 1996. Due to the restructuring of the LUATC programme, the entire educational structure was revised to allow students more options in their pursuit for progress and to better equip them to deal with the changing face of the financial services sector and the more educated public.

Students in the past were required to complete the LUATC, then proceed to the Chartered Life Underwriter (CLU) , and further to the Chartered Financial Consultant (ChFC).

In the new structure, students are given the option of enrolling for the Certified Financial Planner (CFP) course of study and after successful completion, can proceed to the CLU course of study of enroll directly in the Chartered Financial Consultant course of study if they so wish, meaning the CLU could be eliminated from one’s personal study guide if they so wish.

All the above changes came about through the LUAC. In 1996 after Roytec’s approach to LUAC to have the CFP course as part of their curriculum for the banking industry, LUAC, Roytec and LUATT’s Educational representatives had several meetings to discuss same. Mr. William Wiltshire was LUATT’s representative and it was finally decided that Roytec would be allowed to deliver the CFP course on behalf of LUATT to the insurance industry personnel and a modified CFP course for the banking industry.

Diploma In Life Underwriting

In 1992, through negotiations with the U.W.I., LUATT established the Diploma In Life Underwriting course. It was felt that some sections of the CLU course that was being offered through the LUAC did not relate or apply to the Trinidad and Tobago scenario. The DLU course has seen some 25 to 30 graduates to date and negotiations are in train with CALU to have those who have completed the 12 subjects conferred as CLU’s. This would allow those successful students to apply to complete the ChFC course of study if they so wish.

LUTC and LUTCF Courses

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TTAIFA , through the American College will be offering the LUTC and LUTCF courses of study. (LUTC –Life Underwriters Training Course LUTCF—Life Underwriters Training Course Fellow)

TRANSFER OF CREDIT POLICY

IMPORTANT INFORMATION

LUATC GRADUATES

Therefore those members who have successfully completed LUATC I & II can obtain the LUTCF designation by completing LUTC 261 (Retirement Planning) plus the Ethics course 290 (Ethics for the Financial Services Professional).

COST:

Persons who have registered for the IFATC 101 beginning in April will be put in the LUTC stream, therefore a balance of $251.50 must be remitted to TTAIFA.