My apologies in advance for a not so upbeat article today, however I felt the topic was too serious to ignore life insurance. No joke, the absence of a life insurance policy could mean a life or death situation for your loved ones.
1. sut t oncreat ivest udios.com http://suttoncreativestudios.com/a-life-or-death-situation/ Kimberly Sutton May 3, 2014 A Life or Death Situation My apologies in advance f or a not so upbeat article today, however I f elt the topic was too serious to ignore lif e insurance. No joke, the absence of a lif e insurance policy could mean a lif e or death situation f or your loved ones. Bef ore going any f urther, we must thank one of our clients, Lenny and Terry Robbins of LifeNet Insurance Solutions, f or giving us some of the knowledge we needed to write this article. *Please note: We did not ask them to proof read this article, so any errors or discrepancies f all purely on our shoulders. At Sutton Creative Studios we have seen/heard of too many deaths this past year. From our own f amily and f riends to f riends and f amily of our clients, the sudden death of a loved one can not only be heart breaking but debilitating, especially if you havent taken the time to set up a lif e insurance policy. Not only can life insurance cover your funeral expenses, it can assist your spouse and children with their living and education expenses even after the loss of your income. REMEMBER: You may have had a lif e insurance policy when you were f ull- time employee working f or somebody else, however as a small business owner you are responsible f or setting up your policy. If you are the only one working on and in your business, you MUST think about AND set up your policy, f or both your spouse and children. Think about it: Would your death put your immediate loved ones in a lif e or death situation? Types of Life Insurance: Term Life Insurance: Term lif e insurance covers you f or a period of time, otherwise called a term. Starting at 10 years, you can purchase term lif e insurance in varying, incremental time blocks up to 30 years. The best pricing is obtained af ter a paramedic exam, which the insurance company uses to determine your state of health. Controlling your weight, handling your medical conditions well, being a non-smoker and minimizing hazardous activities (like sky-diving) will all reduce your threat to the insurance company and thus lower your premium. Note: Once your term expires you will need to apply f or another term lif e policy, which will probably have a higher premium because you are older. Whole Life Insurance: Whole lif e insurance covers you through your entire lif e. You still have a regular premium you must pay, however it is usually higher than the term premium because the lif e insurance company knows they will have to pay out. Whole lif e insurance policies can also accumulate cash value, which you can withdraw f rom f or certain needs/occasions. For more inf ormation about lif e insurance, I invite you to check out the LifeNet Insurance Solutions Blog. Licensed in multiple states, Lenny and Terry Robbins are independent agents with an extraordinary amount of knowledge about lif e insurance. ***** Kim Sutton is a f ounding partner of Sutton Creative Studios, an agency specializing
2. in social media management, graphic design and virtual assistance. She is a graduate of The School of the Art Institute of Chicago where she earned her Bachelors Degree in Interior Architecture. In her f ree-time, Kim cherishes the time she gets to spend with her husband, Dave (her business partner), and three children. She also enjoys reading, knitting and writing. You are invited to f ollow Sutton Creative Studios by f ollowing our blog, subscribing to our newsletter, or f ollowing/liking us on Facebook, Twitter, LinkedIn, Google+ or Pinterest. In addition, please comment and/or contact us with any questions.