When I went through describing my value proposition, business uniqueness, etc. I chose to articulate my affiliation with HBW Advisory/HBW Partners in a very concise manner based on limited “Message Board” wording. My revelation, Barney you have created a brilliant business model that truly does offer an Independent Advisor to be independent and to allow each HBW advisor the flexibility and freedom to run their firm/business as they choose. You don’t me tell what I can and can’t do, what investments or investment platform I have to use, what software I have to use, what admin processes I have to use, etc. etc. etc. I can offer life insurance solutions… or not…. (Many advisor firms do NOT), I can do Financial Coaching under my RIA, (other advisory firms will NOT)… Taxes or NOT.. P&C or NOT… I can and do run my business the way I believe is most efficient, compliant and profitable.
HBW Advisory/Partners offers Freedom, Flexibility and Independence to any and every person who desires to be an Independent Advisor…
Kevin Imhoff, Lansing Michigan
HBW's private ownership and independence allow us to offer solutions that maximize customer value, not shareholder value.
Our agent/advisors operate without the constraints of single-brand providers. And that provides the Client with a greater number of options and solutions to their financial needs.
You Own Your Business
We do not use non-compete clauses or captive contracts. Rather, your clients are your clients.
We’re Client Focused
Competition in financial services is good for the consumer. We believe our success can only come as a by-product of our advisors being totally client-focused.
It's our advisor's job to help their clients align their finances with their goals. HBW Partners does this by working with our advisors to create plans that their clients can actually stick to and execute.
HBW follows the movement of markets and competitive products closely and stays on the cutting edge of products and markets as a necessity to providing our advisors the tools their clients need to better their portfolios.
HBW does not believe a one-size-fits-all or single company approach fits most clients. Hence, we offer a broad array of and among the most competitive products available, and make certain that our associates are extensively trained in each and every one. But it’s not all work...
Client focus isn’t just about numbers and markets and future portfolios. It’s about showing the Client how financial planning can actually be a fun and engaging process. Because once there, the client-agent/advisor relationship can thrive and truly pay dividends...
We're Passionate about your Growth
We’re passionate about building an agile thinking and diverse organization. In addition to keeping our associates fine-tuned and up-to-date on the latest and greatest financial products available, we’re also focused on magnifying your talent, and making sure you operate in your strength zones.
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April 13, 2020
COVID-19 Regulations: New York
A recent Executive Order issued by Governor Cuomo, together with recent amendments to the
insurance and banking regulations (the “regulations”) issued by the New York State Department of
Financial Services (“Department”), extend grace periods and give you other rights under your life
insurance policy or annuity contract if you can demonstrate financial hardship as a result of the novel
coronavirus (“COVID-19”) pandemic. These grace periods and rights are currently in effect but are
temporary, though they may be extended further. Please check the Department’s website
at https://www.dfs.ny.gov/consumers/coronavirus for updates.
A copy of the Executive Order and regulations can be found at https://www.governor.ny.gov/news/no-
Insurance Payments - Grace Period
If you can demonstrate financial hardship as a result of the COVID-19 pandemic, your insurer must
extend to 90 days the applicable grace period for the payment of premiums and fees under your life
insurance policy or annuity contract. If you do not make a timely premium payment and can
demonstrate financial hardship as a result of the COVID-19 pandemic, your insurer may not impose
any late fees relating to the premium payment or report you to a credit reporting agency or a debt
collection agency regarding such premium payment.
Catching Up on Overdue Insurance Payments
The regulations also require your insurer to permit you to pay the overdue premium over a 12-month
period if you did not make a timely premium payment due to financial hardship as a result of the
COVID-19 pandemic and can still demonstrate financial hardship as a result of the COVID-19
pandemic. This also applies if the insurer sent you a nonpayment cancellation notice prior to March
Policies Financed by Premium Finance Agencies – Grace Period
If your life insurance policy or annuity contract has been financed through a premium finance agency,
and you do not make an installment payment, the premium finance agency may not cancel your life
insurance policy or annuity contract for a period of at least 90 days, including any contractual grace
period, if you can demonstrate financial hardship as a result of the COVID-19 pandemic, and subject
to the safety and soundness of the premium finance agency. In addition, if you do not make a timely
installment payment to the premium finance agency and can demonstrate financial hardship as a
result of the COVID-19 pandemic, the premium finance agency must extend the due date for the
installment payment by at least 90 days, may not impose any late fees relating to that installment
payment, and may not report you to a credit reporting agency or a debt collection agency regarding that installment payment.
Catching Up on Overdue Payments to Premium Finance Agencies
If you do not make a timely installment payment to the premium finance agency due to financial
hardship as a result of the COVID-19 pandemic, the premium finance agency must permit you to pay
the installment payment over a 12-month period if you can still demonstrate financial hardship as a
result of the COVID-19 pandemic, subject to the safety and soundness of the premium finance
agency. This also applies if the premium finance agency issued a non-payment cancellation notice
prior to March 29, 2020.
How to Demonstrate Financial Hardship
If you are unable to make a timely premium payment due to financial hardship as a result of the
COVID-19 pandemic, you may submit to your insurer or premium finance agency, as applicable, a
statement that you swear or affirm in writing under penalty of perjury that you are experiencing
financial hardship as a result of the COVID-19 pandemic, which the insurer or premium finance
agency, as applicable, shall accept as satisfactory proof. Such statement is not required to be
If you have any questions regarding your rights under the Executive Order or regulations, please
contact your insurer, broker, or premium finance agency.
Securities and advisory services offered through Cetera Advisor Networks LLC (doing insurance business in CA as CFGAN Insurance Agency), member FINRA/SIPC. Cetera is under separate ownership from any other named entity. Investment advisory services may also be offered through HBW Advisory Services LLC. HBW Insurance & Financial Services, Inc. dba HBW Partners and HBW Advisory Services LLC are separate entities which do not offer legal or tax advice.
This site is published for residents of the United States only. Financial professionals of Cetera Advisor Networks LLC may only conduct business with residents of the states and/or jurisdictions in which they are properly registered. Not all of the products and services referenced on this site may be available in every state and through every financial professional listed. For additional information please contact the financial professional(s) listed on the site, visit the Cetera Advisor Networks LLC site at www.CeteraAdvisorNetworks.com.
Individuals affiliated with Cetera firms are either Registered Representatives who offer only brokerage services and receive transaction-based compensation (commissions), Investment Adviser Representatives who offer only investment advisory services and receive fees based on assets, or both Registered Representatives and Investment Adviser Representatives, who can offer both types of services.