Insurance Plans

Bell & Associates offers several life insurance products so we can ensure that you are protecting your and your family’s best interests, now and after you are gone.

We know how important family is to you...

We understand that the last thing you want to do is leave them behind financially stressed while they are grieving. Bell & Associates will help you obtain the life insurance coverage that will best meet your specific needs and adequately serve your family when you are gone.

Whole Life

Your peace and sense of security is our goal in finding you the whole life coverage specifically for your unique situation. If you’ve previously had trouble finding coverage, Bell & Associates Consulting Firm is here to support you. We pride ourselves on being great at pairing you with the perfect insurance provider based on your personal needs.

What’s the magic word for whole life insurance policies? “Guaranteed.” Whole life policies promise to keep your premiums consistent for life, pay your death benefit minus outstanding policy loans, and generate annual interest in your policy. Most whole life policies guarantee acceptance, which can be the superhero benefit for those who have been turned down by insurance companies due to health, age, or height/weight combination. In most cases, you can get one of these with no medical exams or health questions.

Children's Whole Life

Children’s Whole Life Insurance is a life insurance product designed specifically for young people under the age of 18. This coverage can be used as a savings product for your child, cover funeral expenses, and cover medical expenses that may not typically covered under a standard policy.

What can my whole life policy be used for?

Having a peace of mind knowing that your family’s financial future will be secured upon the event of your demise.

Once you obtain the coverage, it is entirely yours. Regardless of a change in health status or age, your policy has a non-termination guarantee.

Certain whole life insurance policies will grant you the ability to start with a higher cash value percentage, thus allowing you to grow your policy’s cash value quicker than it would with a standard policy.

After holding the policy for a certain amount of time, the cash value can then be used towards things such as college expenses or other emergencies that may come along. The purchase of a smaller amount can be used towards credit card bills, final medical bills, or even funeral expenses.

Term Life

Term Life insurance covers you for a fixed period of time. You can choose your annual term period for a length of five, ten, fifteen, twenty, or thirty years. Traditionally, term policies offer coverage for ages 18-80, which is typically the most affordable option for families on a budget. Upon your death, the coverage amount is paid to your family. Term life insurance gives your family either a single, one-time payout or a series of payments over a period of time.

With term life insurance, you have the option to convert your term life policy to a permanent life policy at the end of the term without having to answer any additional health questions or go through an exam. You may also use your insurance policy as a savings plan by choosing a rider that will allow you to get ALL of your money back at the end of the term, as long as you are alive.

Guaranteed Universal Life

Guaranteed Universal Life (GUL) coverage provides coverage for a lifetime for a more affordable rate than a standard whole life policy but does not provide cash value. GUL offers guaranteed death benefit amounts and the ability to change your benefit if your needs change without all of the additional extras that come with other products.

Indexed Universal Life

Indexed universal life (IUL) insurance, unlike Guaranteed Universal Life products, offers a death benefit, as well as the potential of cash accumulation. These policies also offer several well-known indexes in the stock market.

Final Expense

Final expense coverage, also known as burial insurance, covers the bills, such as funeral expenses and medical bills, that your loved ones will have to tackle after you have passed away.

How can my term life be used?

To ensure your family is able to continue living in your home without the strain of monthly mortgage payments, you can choose a level term policy the length of the loan of your mortgage. This is a smart option since your home is normally the largest investment you make. You can still keep your coverage and use it for other expenses like childcare, lost wages, final medical expenses, and financial assistance for loved ones left behind if you pay off your home before the term is out.

If the primary breadwinner of your home passes away, the income for the household is lost as well. However, term life can be used to replace income for a certain period of time.

For parents with small children, term life insurance is essential for preparing a child’s future. If it ever comes a time when either parent passes, a term policy can be purchased to cover the expenses of their children’s college tuition.

Perhaps you simply wish to leave a legacy for your loved ones? Term Life Insurance gives them the ability to grieve properly without being forced to stress over finances.

What You Need to Know

Questions, Answers, & Information

The health care law makes care accessible to everyone by:

  1. Generating the Health Insurance Marketplaces, through which individuals who do not have access to government-subsidized coverage or affordable employer-backed coverage can compare and buy plans (Some individuals may qualify for financial aid through the advance payments of the premium tax credit and/or cost-sharing reductions)
  2. Expanding Medicaid to cover people under the age of 65 whose household incomes are at or under 138% of the federal poverty level (FPL)
  3. Requiring individuals to maintain the minimum essential coverage, be eligible for an exemption from coverage, or to make a payment when filing federal income tax returns

The following types of health insurance coverage meet the individual responsibility requirement:

  1. Coverage procured in the individual market including the Federally-facilitated Marketplace Government-funded coverage, such as Medicare, Medicaid, the Children’s Health Insurance Program (CHIP), and TRICARE (the Department of Defense health care program)
  2. Coverage under an employer-financed plan.
  3. Individuals who are ineligible for an exemption and do not have coverage (or the applicable taxpayers who claim such individuals as tax dependents) are required to make an individual shared responsibility payment.

Under the Affordable Care Act, health plans that protect children as dependents must make dependent coverage available to children until age 26. These young adults have the option to join or remain on their parent’s plan even if they are:

  1. Married (coverage does not extend to married child’s spouse)
  2. Not living with a parent
  3. Not enrolled in school
  4. Not financially dependent on a parent
  5. Eligible to join their employer’s plan

The Affordable Care Act expects that non-grandfathered health plans offered in the individual and small group markets offer an all-inclusive package of benefits called essential health benefits (EHB). EHB include items and services within 10 benefit categories. The Affordable Care Act requires that EHB:

  1. Reflect a proper and suitable balance among the EHB categories
  2. Do not discriminate due to age, disability, or expected the length of life
  3. Take into account the health care requirements of various segments of the population

2018 Federal Poverty Level Chart*

The Department of Health & Human Services (HHS) distributes poverty guidelines that are typically referred to as the “federal poverty level” (FPL). The Federally-facilitated Marketplace will utilize 2015 guidelines when making calculations for the insurance affordability programs under The Affordable Care Act beginning November 1, 2018.