HNW Solutions is an independent insurance agency. We are not a registered investment advisor, a broker-dealer, a tax preparer, or a law firm. The scope of what we do, and how we are paid for doing it, is described below.
§ 1What we are
HNW Solutions LLC is an Iowa limited liability company operating as an independent insurance agency. Our license is to research, illustrate, place, and service insurance contracts for life, health, and annuity on behalf of individual and family clients.
§ 2What we are not
- We are not a registered investment advisor (RIA). We do not provide investment advice and we are not compensated for managing assets.
- We are not a broker-dealer. We do not sell securities.
- We are not a tax preparer, a CPA, or a law firm. Our recommendations are made in coordination with your existing advisors in those disciplines.
§ 3How we are compensated
HNW Solutions is paid by insurance carriers, not by clients. When you place a policy with a carrier we represent, that carrier pays us a commission. Commission structures vary by product and carrier; we will disclose the structure for any product we recommend on request, in writing, before you sign.
We do not charge clients an advisory fee, a planning fee, or a retainer. We do not accept referral fees from third parties.
§ 4Carriers we represent
HNW Solutions holds current appointments with the following carriers. Additional carriers are added when a client circumstance requires it.
- Prudential Financial
- Corebridge Financial
- Lincoln National Life
- Pacific Life
- Jackson National Life
- Illinois Mutual
- Nationwide
§ 5Conflicts of interest
Because we are paid by carriers, two conflicts exist by design. We disclose them rather than pretend they do not:
- Carrier compensation varies. Different carriers pay different commission rates on similar products. We address this by always illustrating the same product type from multiple carriers and explaining the trade-offs in writing.
- We are not paid if you do not act. We address this by being explicit when our honest recommendation is that you do nothing, keep your existing coverage, or work with someone else.
§ 6Disciplinary history
Glen A. Gusewelle has no disciplinary history with any state insurance regulator, the Society of Actuaries, the American Academy of Actuaries, or any other professional body. Current license status can be verified through the Iowa Insurance Division and the National Insurance Producer Registry.
§ 7Suitability & underwriting
All recommendations are based on the information you provide and are subject to carrier underwriting. Carriers may modify, rate, or decline an application based on health, finances, or other factors. We will explain any modifications in plain language before you accept a contract.
§ 8Forward-looking statements
Illustrations of cash value, dividend scales, indexed credits, and annuity income are estimates based on carrier assumptions. They are not guarantees. Only contractual guarantees stated in the policy are guaranteed.
§ 9Questions or complaints
Address any question or complaint directly to Glen A. Gusewelle at GlenGusewelle@HNW-Solutions.com or by letter to the address below. You may also contact the Iowa Insurance Division at 515-654-6600 or your state's department of insurance.
HNW Solutions LLC · 628 Broad Street, Suite 1A · Story City, Iowa 50248