Changes to the CPCU 553 online course material

Changes to the CPCU 553 online course material

The Institutes has updated the course materials for their CPCU courses to a new “online” version. New exams for CPCU 551, 552, and 553 will start on January 15, 2021.

The new 1st edition online CPCU 553 has been revised considerably from the 3rd edition textbook. The new book is less than half the size of the previous version, and several of the chapters have been completely rewritten. Below is an outline of the new book and how it compares to the old material. Here at BigDaddy U, we refer to the chapters as Modules and the subsections within those chapters as Learning Objectives (LOs).

  • Module 1 – Examining Personal Auto Coverage
    • LO 1 – condensed version of the old Module 1 – LOs 3, 5, & 6
    • LO 2 – similar to the old Module 3 – LO 1
    • LO 3 – similar to the old Module 3 – LO 4
    • LO 4 – similar to the old Module 3 – LOs 6 & 8
    • LO 5 – similar to the old Module 4 – LO 1
    • LO 6 – similar to the old Module 4 – LOs 3 & 4
  • Module 2 – Customizing Personal Auto Coverage
    • LO 1 – similar to the old Module 4 – LO 5
    • LO 2 – similar to the old Module 4 – LOs 5 & 6 and Module 3 – LO 9
    • LO 3 – similar to the old Module 4 – 7
    • LO 4 – NEW – “Coverage for Miscellaneous Vehicles”
  • Module 3 – Protecting Residential Property
    • LO 1 – similar to the old Module 5 – LO 1
    • LO 2 – similar to the old Module 5 – LO 3
    • LO 3 – similar to the old Module 5 – LO 4
    • LO 4 – similar to the old Module 5 – LO 5
    • LO 5 – similar to the old Module 5 – LO 6
  • Module 4 – Managing Homeowners Liability
    • LO 1 – similar to the old Module 6 – LO 1
    • LO 2 – similar to the old Module 6 – LO 2
    • LO 3 – similar to the old Module 6 – LO 3
    • LO 4 – NEW – “Recommending Key Homeowners Endorsements”
    • LO 5 – similar to the old Module 6 – LO 7
    • LO 6 – similar to the old Module 8 – LO 3
  • Module 5 – Understanding Personal Financial Planning
    • NEW
  • Module 6 – Recommending Life and Health Insurance
    • LO 1 – NEW – “Understanding Term Life Insurance”
    • LO 2 – NEW – “Understanding Whole Life and Universal Life Insurance”
    • LO 3 – NEW – “Selecting a Life Insurance Policy”
    • LO 4 – similar to the old Module 11 – LO 2
    • LO 5 – similar to the old Module 11 – LO 3
  • Module 7 – Funding Retirement
    • NEW
  • Module 8 – Establishing an Estate Plan
    • NEW

 

 

Based on the above information, we would not recommend purchasing our existing BigDaddy U CPCU 553 study materials (last revised in 2018) to prepare for your 2021 exam.  We will be updating our BDU CPCU 553 study materials in 2021, though they may not be ready before the Q1 window closes on March 15, 2021. If you already have the BDU CPCU 553 study materials, you may be able to use a combination of the existing 553 and 556 study materials to prepare for the new exam. Please email help@bigdaddyu.com if you are using the existing 553 materials or if you have any questions.

 

 

CPCU® and AICTM are trademarks of the American Institute For Chartered Property Casualty Underwriters, d/b/a The Institutes. BigDaddy U is not affiliated or associated with The Institutes in any way, and The Institutes do not endorse, approve, support, or otherwise recognize BigDaddy U or its products or services.

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