DISABILITY BUY-SELL INSURANCE
DISABILITY BUY-SELL INSURANCE
Disability buy-sell insurance provides a lump sum benefit to a business or it’s partners in order to fund a buy-sell agreement in the event of a long-term disability of another owner.
Disability buy-out insurance is an economical and well-thought-out approach to implementing disability buyout trigger in a buy-sell agreement.
Disability buy-out insurance is the superior business strategy when compared to the uncertainty of other options such as:
- Depleting savings
- Drawing from future earnings
- Taking out business loans
- Attempting to continue to pay a disabled partner no longer active in the business with company profits
Why You Want Disability buy-out insurance:
At this critical time in the life of the business and its owners, the disability buy-out insurance shifts the burden of funding the buy-out contract from the individual business owners and the business to the insurance company. Moreover, it also help in the following:
- Provide cash after a disability lasts one-year or more
- Cash can be used to execute buy-sell agreement
- Premiums are guaranteed, predictable, and planned
