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- Attempting to continue to pay a disabled partner no longer active in the business with company profits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
Explore the Different Forms of Disability Insurance Protection
DI coverage that provides benefits after 90 days of disability and can last from 2 years or until full retirement age. We consider these policies to be one of the most important insurance coverages you should own.
Disability insurance is a big part of a comprehensive group benefits plan. Find out how we can help you implement, enroll and manage your group benefit program.
DI coverage that reimburses a business for overhead expenses in the event the business owner becomes disabled.
Disability Buy-Sell Insurance provides a lump-sum benefit to fund a buy-sell agreement in the event a business partner remains disabled for 12-24 months.
DI coverage for situations that are unique and difficult to insure through traditional methods. Athletes, Entertainers, Risky Professions and Highly Compensated Professionals.
Provides a lump-sum cash benefit that can be used for anything from paying for medical care, food or even travel in the event an insured experiences a heart attach, stroke or cancer.
