Broker Check

Insurance

Risk management is an important part of our financial planning process. Typically, insurance planning can be a solution for mitigating certain financial risks that, if left uncovered, may prevent a client from meeting their financial goals. HGA can execute insurance recommendations for our clients. Our advisors are licensed agents and we only offer this service to our clients in conjunction with a Financial Planning or Wealth Management engagement. Any insurance recommendation must be in our client’s absolute best interest and our advice must be reinforced by sound financial planning. We have relationships with multiple insurance companies, and therefore we do not employ a one-size fits all approach when shopping for insurance coverage. We have experience implementing the following types of insurance coverage for our clients:

Life InsuranceA contract under which an insurance company promises, in exchange for premiums, to pay a set benefit when the policyholder dies. Several factors will affect the cost and availability of life insurance, including age, health and the type and amount of insurance purchased. Life insurance policies have expenses, including mortality and other charges. If a policy is surrendered prematurely, the policyholder also may pay surrender charges and have income tax implications. You should consider determining whether you are insurable before implementing a strategy involving life insurance. Any guarantees associated with a policy are dependent on the ability of the issuing insurance company to continue making claim payments.

Disability InsuranceAn insurance policy that pays a portion of the insured’s income when a specified disability makes working uncomfortable, painful, or impossible.

Long-Term Care InsuranceInsurance that covers the cost of medical and non-medical services needed by those who have a chronic illness or disability—most commonly associated with aging. Long-term-care insurance can cover the cost of nursing home care, in-home assistance, assisted living, and adult day care.

Health InsuranceAdd definition

Group BenefitsAdd definition