Ryan Bell
Life Insurance Broker
Let's work together to create a life insurance with living benefits plan that gives you peace of mind and protects your loved ones. Your financial security is my priority.
Term Insurance
Term life insurance provides financial protection for your loved ones for a set period (10-30 years). It's affordable and offers a death benefit if you pass away during the term. This benefit helps cover expenses like mortgages or lost income.Key points:* Affordable: Cheaper than other life insurance types.
* Coverage: Death benefit paid to your beneficiary if you die during the term.
* No Cash Value: No payout if the policy term ends and you're alive.Choose a term length that fits your needs (e.g., mortgage repayment) and consider renewability or convertibility options.Term life is ideal for:* Young families
* People with mortgages
* Anyone leaving financial security for loved onesWant a return on your investment even if the death benefit isn't used? Term life with return of premium offers a refund of your paid premiums if you outlive the policy term, but typically comes with slightly higher premiums.Get a quote or consult an agent to see if term life is right for you!
Whole life
Insurance
Whole life insurance offers permanent life insurance coverage, meaning it provides a guaranteed death benefit throughout your entire lifetime, as long as you keep paying the premiums. But unlike term life insurance, whole life also builds cash value over time.Here's a breakdown of key features:* Guaranteed Lifetime Coverage: Whole life ensures your loved ones receive a benefit no matter when you pass away.
* Death Benefit: This payout helps your beneficiaries cover expenses or maintain their financial security.
* Cash Value Accumulation: A portion of your premiums goes towards a cash value account that grows over time. This cash value can be accessed through loans or withdrawals (reducing the death benefit).Benefits of Whole Life Insurance:* Lifetime Protection: Provides peace of mind knowing your loved ones are always covered.
* Cash Value Growth: Offers a potential savings component along with insurance protection.
* Loan Options: Access your cash value through loans for emergencies or other needs (interest applies).
* Tax Advantages: Cash value grows on a tax-deferred basis (potential tax implications upon withdrawal).Things to Consider with Whole Life Insurance:* Premiums: Typically higher than term life due to the cash value component.
* Investment Growth: Growth may be slower than some other investment options.
* Accessibility of Cash Value: Loans reduce the death benefit and may incur interest.Whole life insurance might be a good fit for you if:* You want guaranteed lifetime coverage.
* You're looking to build cash value alongside your insurance.
* You see the benefit of potential tax advantages.Get a personalized quote or consult with Ryan Bell to see if whole life aligns with your financial goals!
What is an iul
(Indexed Univeral Life)
Indexed universal life (IUL) insurance combines features of term life and whole life insurance, offering both guaranteed death benefit coverage and the potential for cash value growth. Here's a closer look:* Death Benefit: Similar to term life, an IUL provides a payout to your beneficiaries if you pass away during the policy term.
* Cash Value Growth Potential: Unlike term life, IUL offers a cash value component that can grow based on a market index (like the S&P 500) without directly investing in the stock market. This provides some potential for growth, but with protection from downside risk (unlike direct stock market investment).
* Flexibility: IUL offers more flexibility than traditional whole life. You can often adjust your premiums and death benefit to adapt to your changing needs.Benefits of IUL Insurance:* Lifetime Coverage (optional): Some IUL policies offer guaranteed lifetime coverage, similar to whole life.
* Growth Potential: Cash value has the potential to grow based on market performance, offering a way to build wealth alongside your insurance.
* Downside Protection: IUL shields your cash value from market downturns, unlike direct stock market investment.
* Flexibility: Adjust premiums and coverage to fit your evolving needs.Things to Consider with IUL Insurance:* Premiums: Can be higher than term life due to the potential for cash value growth and lifetime coverage options.
* Complexity: IUL policies can have complex features and fees. It's important to understand the details before committing.
* Guaranteed Growth is not Guaranteed: While there's potential for growth, it's not guaranteed.IUL might be a good fit for you if:* You want guaranteed death benefit protection (with some policies).
* You're interested in potential cash value growth alongside your insurance.
* You value some market upside potential with downside protection.
* You appreciate flexibility in your coverage.Get a personalized quote or consult with Ryan Bell to see if IUL aligns with your financial goals!
Annuities
An annuity is a financial product offered by insurance companies that can help you turn your savings into a guaranteed stream of income in retirement. Here's a breakdown of the concept:* Income Stream: Annuities are designed to provide you with regular payments, typically starting at retirement and lasting for a set period or even your lifetime.
* Investment Growth (Optional): Some annuities offer the potential for your money to grow over time before you start receiving payments.
* Income Protection: Unlike simply withdrawing from your savings, annuities offer a layer of security by guaranteeing income payments for a set period or your lifetime.Types of Annuities:There are various annuity options to consider, each with its own features and benefits. Here are a few common types:* Immediate Annuities: Start making income payments shortly after purchase (typically within a year).
* Deferred Annuities: Grow your money over time before payments begin (at retirement or a chosen date).
* Fixed Annuities: Offer a guaranteed interest rate on your investment growth.
* Variable Annuities: Link your growth potential to market performance (with some risk involved).Benefits of Annuities:* Guaranteed Income: Provides peace of mind knowing you'll have a steady stream of income in retirement.
* Income Protection: Protects against outliving your savings.
* Tax Advantages: In some cases, contributions and earnings within the annuity may grow tax-deferred (potential tax implications upon withdrawal).
* Potential for Growth: Certain annuity types offer the chance to grow your money before receiving income.Things to Consider with Annuities:* Fees and Surrender Charges: Some annuities have fees associated with withdrawal or early cancellation.
* Loss of Liquidity: Your money may be locked into the annuity for a certain period.
* Tax Implications: Understand how taxes might apply to your contributions, earnings, and withdrawals.Annuities might be a good fit for you if:* You're concerned about outliving your retirement savings.
* You value a guaranteed income stream to supplement your retirement income.
* You're looking for tax-advantaged retirement savings options (depending on the annuity type).Get a personalized consultation with Ryan Bell to see if an annuity can be a valuable part of your retirement strategy!
Misbeliefs
There are many misconceptions about insurance so lets clear the air.
Misbelief 1:
My work provides enough coverage, I don’t need more insurance!
FALSE: While work can provide great coverage, it might not be enough to cover all of the debt you carry. Also, funerals are expensive..and what if you want to leave behind a legacy for your family?
Misbelief 2:
Isn’t home insurance the same as life insurance?
NO, IT IS NOT: Home insurance is coverage for the house and NOT for unfortunate situations like accidents and death. Home insurance covers damage to the house not you.
Misbelief 3:
Life insurance is expensive
FALSE: Most people tend to overestimate the cost of a life insurance policy by as much as 3 times! The good news is there are a variety of different types of life insurance available so you can pick the one that best fits your budget.
Life insurance is THE foundation of financial security, and it’s better to have it and not need it, than to need it, and regret not having it.
About
Hi there! I'm Ryan Bell, an independent life insurance broker based in Necedah, Wisconsin. I'm passionate about helping people across the state find the right insurance solutions to protect their loved ones and secure their financial future.As an independent broker, I work with a variety of insurance carriers, which allows me to offer you a broader selection of products beyond what a single company might provide. This means I can search for the best term life, IUL (Indexed Universal Life), whole life insurance, annuity, and other insurance options to fit your specific needs and budget.My goal is to simplify the insurance process and ensure you have a clear understanding of your options. I'll guide you through everything, from needs analysis and product comparisons to enrollment and ongoing service.Whether you're a young family starting out, looking to protect your existing assets, or planning for retirement, I'm here to help you find the peace of mind that comes with knowing you've made smart choices for yourself and your loved ones.Let's connect and discuss your unique situation. Contact me today!
Contact
Hi There! I'm Ryan Bell, an independent life insurance broker based in Necedah, WI. I'm here to answer your questions and help you find the right insurance solutions. Feel free to reach out using the following methods:Phone: 608-406-4385Email: [email protected]I look forward to hearing from you!