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Life Insurance

Life insurance has several purposes. Its most important function
is to replace the earnings that would cease at the death of the
insured. For businesses, life insurance is a way to protect key
employees and the business itself. A third purpose is to use life
insurance to pay potential estate taxes.

If you die during your earning years, your family could suffer a
financial loss as a result of losing your current and future
income. Unfortunately, your family would still have to pay its
regular bills, the mortgage, and outstanding debts.
Life insurance offers a way for your family to continue living
comfortably and without worry.

Employers often purchase life insurance policies on key employees
to insure against the loss of services or income that might result
after an employee's death. Here, the proceeds from the policy are
paid to the company. Life insurance works for business partners too,
where one business partner purchases a policy to insure against the
financial loss that might result from the other partner's death or
to buy out the partner's heirs.

Life insurance is also used to pay potential federal estate taxes.
Since these taxes must be paid in cash, life insurance can be a
good way to ensure the fulfillment of this obligation.


Pinecrest Insurance - Life Insurance

540.785.4416  or   703.821.1200
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