Disability Buy-out

How will you keep your business strong if you or a business partner becomes disabled?

If you or one of your partners became disabled, the effect on your business could be devastating. The disabled partner would likely want to recover their investment in the business. Healthy partners might not want to continue paying a partner who is no longer contributing – and might not want to be in business with the disabled partner’s spouse or children.

Protect your business with a Buy/Sell agreement

A Buy/Sell agreement is the first step in protecting a business in the event that one of the partners becomes disabled. It defines how an owner’s interest will be purchased if the owner is disabled and no longer able to participate in the business.

Fund the Buy/Sell agreement with Disability Buy-Out insurance

Disability Buy-Out Insurance shifts the burden of funding the buy-out from the owner or partners to the insurance company, and helps ensure that funds are available when needed. It’s economical because the funding comes as a result of paying premiums – not from depleting savings or investment accounts, drawing from future earnings, or affecting credit scores in order to buy out the disabled partner.

Contact us now for more information.

* Policy Forms 3100 and 3200 underwritten and issued by Berkshire Life Insurance Company of America, Pittsfield, MA, a wholly owned stock subsidiary of The Guardian Life Insurance Company of America, (Guardian) New York, NY.

Product provisions and features may vary by state.