Buy/Sell Agreement Plan
The Disability Buy/Sell Plan is a conditionally renewable business disability insurance policy which acts as a funding mechanism for a buy/sell agreement. The Buy/Sell Plan is designed to provide the necessary funds to enable one or more business owners to purchase the shares of a disabled partner or shareholder in the event of total disability. This coverage provides sufficient funds to complete the buy-out, while guaranteeing a fair price to the disabled shareholder or partner.
The Disability Buy/Sell Plan appeals to business partners or shareholders of small privately owned businesses, and is usually coordinated with a Life Insurance Buy/Sell Policy.
Additional professional benefits and features can be combined with this type of plan. Contact us to learn more.
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