Why Did I Choose To Attain The Chartered Financial Consultant ChFC Designation?
The ChFC designation is not one that you will find as part of the Institutes'(c) list of designations it provides for the insurance industry. In the old days of trading business cards, I was asked more often than now.
I have recommended other designations that I earned through the Institutes such as the AIC (Associate in Claims) and the ARM (Associate in Risk Management) designations. The AIC is critical to worker’s comp adjusters who are looking to advance themselves quickly in a claims department.
The most popular article that was read from the 1,900 articles during the pandemic was an article on the AIC designation. I received three phone calls the first week that I published the article. Two were from Workers’ Comp adjusters and one call was from a CAT adjuster.

ChFC Designation vs. CPCU
One underlying question is why did I go for a financial designation instead of an insurance designation? I consider that a fair question.
I had already attained a Bachelor of Science in Actuarial Science. I wanted to branch out into other areas. I consider as does one of my favorite insurance people, Mark Walls of Safety National, that insurance premiums specifically worker’s compensation insurance premiums as an investment.
ChFC and the Zero-Sum Investment
I coined the term zero-sum investment from the zero-sum game theory with a few adjustments. Many pundits have said the stock market is a zero-sum investment. In short, (investment + gains) – losses = 0.
I would go more into the formulas – maybe at a later date. Self-insurance budgets depend heavily on this formula.
The ChFC designation had 10 courses that a candidate must pass. The American College has reduced the number to eight since I was in the program.
Studying the beta of a risk portfolio of investments can be directly applied to risk management. Each insurance program that you invest in can be thought of as a stock.
Google Keir for Success to see a great package to assist with the ChFC designation. Keir used to provide materials for many insurance designations. I used their study books in my two insurance designations.
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