FALU Exam Designation Program
In order to obtain the Fellow, Academy of Life Underwriting (FALU) designation, students must successfully pass four exams and complete the required LOMA coursework.
ALU offers the following four exams in April of each year. Please note, students may only register for one exam per year.
The first in the series of ALU exams, the exam covers basic theory and fundamentals of life insurance with particular emphasis on anatomy and physiology, plus important non-medical topics. Legal issues and practices for U.S. and Canada are covered.
Requirements: There are no prerequisites for ALU 101.
The second in the series of ALU exams, the exam covers intermediate medical topics in life insurance underwriting.
Requirements: Students must successfully pass ALU 101 before registering for ALU 201.
The third in the series of ALU exams, the exam covers intermediate non-medical topics in life insurance underwriting, including the underwriting of large amount cases, financial underwriting, and reinsurance.
Requirements: Students must successfully pass ALU 101 and ALU 201 before registering for ALU 202.
The final in the series of ALU exams, the exam covers the professional underwriter's risk selection and general management knowledge. In addition to the required reading, the exam will require basic general knowledge of:
- medical abbreviations and terminology
- normal values for commonly encountered laboratory tests
- basic electrocardiographic patterns and their significance
- general anatomy and physiology to the degree consistent with day-to-day underwriting
- commonly encountered diseases and impairment
Requirements: Students must successfully pass ALU 101, ALU 201, and ALU 202 before registering for ALU 301.