History of Hunken Financial Group
In 1929, after graduating from Colgate University and Cornell Law School, Henry C. Hunken Sr. began his career as an insurance agent in Brooklyn, New York for Connecticut Mutual Life. In 1936 he took over the Massachusetts agency as General Agent. While located in Springfield, Henry served as President of the General Agents and Managers Association (GAMA) of Springfield and Vice President of the National Association of Insurance and Financial Advisors (NAIFA) of Springfield. After a few years running CML’s Massachusetts' Agency, Henry was asked to move to Chicago to take over the role as General Agent.
In 1940, The Hunken Agency was born in Chicago. The agency, which was located at One North LaSalle Street in Chicago’s loop, was a mix of career agents and brokers. When Henry Sr. retired in 1966 his two sons, Henry Jr. and Alan, who were both CML agents, took over as Co-General Agents. Both Henry Jr. and Alan began their insurance careers right out of college. Henry was a graduate of the University of Illinois, and Alan was a graduate of both UCLA and the University of Colorado Law. The agency was always extremely successful, winning numerous company awards. An award that stands out was CML's Agency of the Year award, also referred to as "The President's Organization Trophy", which they received five times. Alan Hunken served as President of NAIFA-Chicago, President of GAMA-Chicago, and would later win NAIFA-Chicago’s Leadership in Life Award.
In 1989, Henry Hunken Jr. left CML to become a General Agent with Guardian Life Insurance Company, locating his new agency in Northbrook, Illinois. Henry’s agency jumped out of the gate quickly and was awarded Guardian’s “New Agency of the Year” award in 1990. In 1993, The Hunken Agency was awarded Guardian’s two most prestigious awards, “Agency of the Year” and the “National Life Insurance” award, for leading the company in life premium. In 1994, 1995, 1996, 1997, 2002, 2012, 2013, and 2015. The Hunken Agency was awarded Guardian’s “Quality Award” for leading premium persistency.
In 1998, Henry Hunken Jr. retired after 40 extremely successful years. Henry Jr.’s two sons, Scott and Henry Hunken III (Chris), were named General Agents. Chris started with Connecticut Mutual in 1985 after graduating from Arizona State University, and later joined Guardian in 1991. Scott began his time with Guardian in 1990 after graduating from Colorado State University in 1988. Both Chris and Scott have qualified for Guardian’s Leaders Club over 20 times. They have also qualified for the Million Dollar Round Table's most prestigious Top-of-the-Table as well as Court of the Table. Chris Hunken serves on Guardian’s Product Committee, and has served as a director for NAIFA Chicago. Scott Hunken has served on the Board of Directors for NAIFA Chicago as both President and National Committeeman. In 2014, Scott was awarded the NAIFA Chicago’s highest award, The Leadership in Life award.
The Hunken Agency has won many other company and industry awards. Some of those include: The 1998 Professional Growth award from The American College, a nine-time winner of GAMA’s top award for production, including GAMA’s Diamond Award in 2006 through 2015, two-time award winner of GAMA’s Gold Award, and the Guardian National Group Pension Award in 2000 and 2002 for leading the company in 401K production. The Hunken Agency led Guardian in life brokerage premium in 2000, 2002, 2009, 2011, 2012, and 2014, and finished second in life brokerage premium in 2003, 2004, and 2008. In 2005 the agency headquarters was moved to Glenview, Illinois, where it is located today. In 2015, the firm name was changed to Hunken Financial Group and this year marked their 75th anniversary. Also in 2015, Van Ewing joined the firm as a Managing Principal running the new downtown Chicago office where he is adding his talents in recruiting and agency building.
For over seventy five years and three generations, Hunken Financial Group has been, and will continue to be, an industry leader in Chicago.
- HFG works with over 10,700 Insurance clients
- 8,938 Life Insurance policies inforce with annual premiums in excess of $47,407,797
- Total Death Benefits exceed 3.9 billion
- Total Cash Values exceed $490,203,244
- 3,265 Disability Income policies inforce with monthly benefits exceeding 20.5 million
- Total Assets Administered exceed $514,289,473**
** Represents in force cash values for life insurance, in force market values for all securities accounts EXCEPT non-proprietory RIA accounts