I Predict Future Re-branding of LUTCF to LACP, Per this Article
It certainly can't compete with CLU based only on a single 150 question exam. Being in SoCal, "LACP" is a little too close to "LAPD". lol
What does this certification 'certify'? Experience and basic life and annuity knowledge - which would be a step-up from initial licensing, but that's it.
Quite frankly, I don't see the point of it - other than NAIFA collecting examination fees and recertification fees every three years.
I suppose it's good for people who have experience, but don't see the need (or just too lazy/busy) to study for other designations, so they can have some 'letters' after their name.
Designations need to mean something. There should be some 'meat' and 'teeth' in them. There's a dangerous precedent going on where designations are REDUCING and LOWERING requirements. At least there's an examination for the 'LACP', compared to the RFC that will grant it to you based on just being licensed. And, at least, LACP is not pretending to be a planning or consultant designation - unlike the RFC has had that reputation since its inception.
RFC Designation is Now a Trash Designation
At least for the North American market... I don't see the point. I suppose having it for the Asian markets (as listed) is good and just extending it to North America works... but I certainly wouldn't call it "the gold standard".