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Dec 30, 2010 1:43 pm
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MacCO
Joined: 2010-11-08Offline
Hi folks, my first post but I've been reading this valuable forum for a couple of years. I'm an Indy, partner in a CPA firm, 7/65.
I have a question about the ChFC exams. I've Roogled, I've checked many articles and other forums, and I can't find an answer, so here we go:
For those who have a ChFC, how difficult are the individual exams? As compared to, say, the 7/65? I only ask because I don't have a great deal of free time and don't want to over-study for the individual exams.
Also, how helpful are the online study resources at American College?
Thanks in advance.
.
Dec 30, 2010 3:58 pm
LA Broker
Joined: 2008-12-03Offline
I have never taken the ChFC exams but I did do the CFP and the individual courses overlap and you won't have to do the large comprehensive exam. I would say each exam is inline with the 65. I would study the amount you want, if you can't pass the first exam you only lose 1 month of your life and you can always study more the next time.
Dec 30, 2010 5:32 pm
MacCO
Joined: 2010-11-08Offline
Boy, I hated the 65. Bored me to tears.
But thanks.
.
Dec 30, 2010 7:02 pm
squash2
Joined: 2010-03-09Offline
I was under the idea that ChFC were BS exams like the AAMS
Dec 30, 2010 7:56 pm
MacCO
Joined: 2010-11-08Offline
No, the ChFC/CLU programs through American College share most of the same courses as the CFP. In fact, the ChFC course adds a couple of classes, and I believe it qualifies you to sit for the CFP exam.
The biggest difference between ChFC and CFP, aside from the additional classes, is that the ChFC has individual exams after each course instead of one two-day exam. So I'm just trying to get a gauge on their level of difficulty.
I've heard what you've heard about AAMS and a few others...
.
Jan 17, 2011 7:13 am
Gordon Ramsey
Joined: 2009-07-10Offline
These were the materials I used to pass the ChFC exams:
http://www.bigdaddyu.com/
The exam difficulty is on-par with the Series 7/63. Less legalese, but more vocabulary and terminology.
Jan 17, 2011 11:44 am
MacCO
Joined: 2010-11-08Offline
Excellent Gordon, thanks.
Just to be sure, did you use these materials in addition to the American College study materials, or instead of?
.
Jan 17, 2011 5:22 pm
Gordon Ramsey
Joined: 2009-07-10Offline
I did a little of both.
When I used them with the American College textbook, I'd get a B or A grade.
When I only used the DVD courses, I'd get a C.
I wanted to hurry up and get it done, so I got a lot of "C" letter grades in my courses.
I've been told that if you care about the CFP certification, than you'd need to score A's on all the exams to have a 90% chance of passing the comprehensive exam.
Jan 17, 2011 10:36 pm
MacCO
Joined: 2010-11-08Offline
Thanks Gordon. Now I've just gotta make the time...
...
Jan 19, 2011 7:27 pm
youngbuck
Joined: 2010-03-05Offline
So then are you taking the ChFC or the CFP?
Jan 20, 2011 5:46 pm
MacCO
Joined: 2010-11-08Offline
I'll be doing the ChFC, then the CLU.
.
Jan 20, 2011 6:11 pm
Times7
Joined: 2010-10-26Offline
Good going here, people. I'm doing the online CLU with American, going through the online quizzes with the textbook is pretty efficient. And the review CD for the car is not too bad when you are driving to COSTCO during work hours.
Probably will do CHFC with them, got my CFP more than a decade ago, just trying to keep my brain alive.
Mar 19, 2011 3:00 pm
American Flag
Joined: 2010-05-03Offline
ChFC exams are not difficult. If for some reason you don't pass one, just take it again.
It's not like the CFP where the two day final really is difficult and where you have a lot invested in passing it.
Maybe the question is, is it worth it to get the ChFC? I'm not sosure.
Mar 27, 2011 2:50 am
Gordon Ramsey
Joined: 2009-07-10Offline
http://www.lifeinsuranceselling.com/Exclusives/2011/3/Pages/New-study-reveals-CLUs-and-ChFCs-earn-more-than-CFPs.aspx
Mar 31, 2011 7:53 am
alexus
Joined: 2011-03-24Offline
I was under the idea that ChFC were BS exams like the AAMS
Mar 31, 2011 10:47 pm
Stig
Joined: 2010-12-17Offline
[quote=alexus]
I was under the idea that ChFC were BS exams like the AAMS
[/quote]
Mods are asleep at the wheel.^
Apr 1, 2011 3:07 pm
American Flag
Joined: 2010-05-03Offline
[quote=Gordon Ramsey]
http://www.lifeinsuranceselling.com/Exclusives/2011/3/Pages/New-study-reveals-CLUs-and-ChFCs-earn-more-than-CFPs.aspx
[/quote]
Gordon, I think this article is probably an advertorial.
Further,this is probably justreverse bias. You know, reverse bias just means that maybe people don't make more money because they have a ChFC, but rather maybe people who have a ChFChave been in the business longer, etc., and thus make more money.
Jul 23, 2012 10:32 am
william2johns
Joined: 2012-07-23Offline
Get best exams from the http://www.theexamcollection.com/ for 100% success in your career.
Jul 27, 2012 11:04 am
Alexandra
Joined: 2012-07-10Offline
Case-insensitive operations are sometimes said to fold case, from the idea of folding the character code table so that upper- and lower-case letters coincide. 220-701
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