Estate planning is a continuing process, never completed, always subject to review and change to reflect altered personal, family, legal, or economic circumstances. The estate plan is fluid and affected by many factors, including the daily business and investment operations of the estate owner. Many kinds of specialized knowledge and experience must be utilized in its original formulation and brought to bear upon a periodic review The professional status of the lawyer, certified public accountant, and trust officer of a recognized bank has been established for many years. Each designation carries with it considerable prestige. In recent years another professional type has begun to make his appearance—an individual who, by the nature of the service he is equipped to render, likewise bids fair to achieve an important place in the affairs of men. He is known as a Chartered Life Underwriter, or C.L.U., and is as different from the old-time life insurance agent as a C.P.A. is from a bookkeeper. The reason he has not achieved greater prominence up to the present time is that the requirements for obtaining the C.L.U designation are such that in twenty years since the American College of Life Underwriters was created only slightly more than three thousand individuals in the United States have qualified. It is reasonable to assume that after the C.L.U has been in existence (as has the C.P.A.) for over fifty years, the public will be very much aware of his presence, and his independent advice will be widely sought in matters pertaining to his special field.
Sanford M. Bernbaum,
The Role of the Advanced Life Underwriter in the Field of Estate Planning,
24 Wash. L. Rev. & St. B.J.
Available at: https://digitalcommons.law.uw.edu/wlr/vol24/iss3/5