Buy / Sale Insurance Policy

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A Buy-Sell Insurance Policy is a financial safety net for business owners. It ensures that if one partner dies, becomes disabled, or leaves the business, the remaining owners have the funds to buy their share—preventing ownership disputes and financial instability.

1. Business Owners Create a Buy-Sell Agreement – A legal contract outlining what happens if an owner leaves, dies, or becomes disabled.

2. Life & Disability Insurance Policies Are Purchased – Each owner is insured, with the other owners or the business as beneficiaries.

3. If a Partner Passes Away or Becomes Disabled – The insurance payout funds the purchase of their business share.

4. Business Ownership Transfers Smoothly – Ensuring stability and preventing unwanted third-party involvement.

✅ Cross-Purchase Agreement – Each owner takes out a policy on the others, using the payout to buy their share.

✅ Entity-Purchase Agreement – The business itself buys the policy and purchases the departing owner’s share.

✅ Wait-and-See Agreement – A flexible hybrid of both methods.

✅ Prevents Ownership Disputes – Avoids conflicts between heirs, family members, or external buyers.

✅ Protects Business Continuity – Keeps operations stable after a major transition.

✅ Ensures Fair Market Value – The agreement sets a pre-determined price, avoiding valuation issues.

✅ Provides Financial Security – Surviving partners aren’t forced to use personal funds or take out loans. 

Get a Buy-Sell Insurance Plan for Your Business

**Don’t leave your business’s future to chance. Secure a Buy-Sale Policy today!!!