A buy-sell agreement ensures that surviving owners of a business have the right to purchase the interest of any owner when that owner dies. It also ensures that the deceased’s beneficiaries are fairly compensated for a business interest they inherit. Life insurance is often used in conjunction with a buy-sell agreement, as it provides liquidity to fund the success plan exactly when it is needed – upon the death of an owner.
Owners create a foundation of human capital that drives the success of a company. What happens to the company if one of the partners is disabled and their expertise is lost? The sophisticated advisor should consider Disability Buy-Sell Coverage to protect such organizations and the remaining partners.
Jamieson Financial Services is able to procure high-limit Disability Buy-Sell policy to protect private and public organizations, law firms, and medical professionals from the risk of a career ending disability to an owner.
- Disability Buy-Sell – Limits to $100,000,000
- Lump sum payouts beginning after 6, 12, 18, or 24 months.
- Exceptional Risk Advisors’ experts can manuscript policy wording to match a client’s contractual obligation or other specific needs