Free CLU Practice Exam

What’s on the CLU

• HS 311 - Fundamentals of Insurance Planning

  • Risk management foundations

    Covers how to identify and categorize personal and business risk exposures and the basic logic of transferring or retaining that risk.

  • Life, health, disability, and long-term care insurance

    Compares term versus permanent life insurance and reviews how health, disability income, and long-term care coverage each address different income and expense risks.

  • Annuities and social insurance

    Introduces annuity structures for accumulation and income needs alongside Social Security's role as a baseline layer of protection.

  • Property, liability, and credit protection

    Looks at homeowners and liability coverage plus practical credit-report and identity-theft safeguards as part of a full risk picture.

• HS 323 - The Tools and Techniques of Life Insurance Planning

  • Policy design and mechanics

    Digs into how individual life insurance policies are built, priced, and how cash value accumulates over time.

  • Insurer operations and reserves

    Explains how carriers manage reserves, invest premium dollars, and stay regulated and solvent.

  • Annuity products

    Examines the range of annuity contracts available and how each fits different accumulation or payout goals.

  • Matching products to planning needs

    Applies life insurance and annuity mechanics to real client planning scenarios rather than treating them as abstract products.

• HS 330 - Fundamentals of Estate Planning

  • Property ownership and transfer

    Covers how different forms of property ownership pass at death and the probate process governing that transfer.

  • Wills and trusts

    Contrasts revocable and irrevocable trust structures with straightforward wills and when each tool is appropriate.

  • Estate and gift tax system

    Walks through federal transfer-tax rules, exemptions, the marital deduction, and generation-skipping transfers.

  • Charitable and business-transfer strategies

    Reviews charitable giving vehicles and buy-sell style techniques used to move a closely held business at death.

• HS 331 - Planning for Business Owners and Professionals

  • Business entity and compensation planning

    Covers how a business's legal structure shapes tax treatment and how owner/executive compensation can be designed around it.

  • Buy-sell agreements

    Explains how owners fund and structure agreements that control what happens to a business interest when an owner exits or dies.

  • Succession and estate-freeze techniques

    Looks at strategies for handing a business to the next generation while limiting further estate-tax growth on the founder's side.

  • Risk management for closely held businesses

    Addresses disability, key-person, and other risk exposures unique to a business that doesn't have a large corporate safety net.