An Integral Part of Your Shareholder/Partnership Agreement

The Underlying Need – The success of a small business stems in large part from the productivity of its owners. If one of the owners becomes disabled or becomes critically ill, the business will soon begin to suffer as well. The potential for conflict between the owners increases dramatically, not to mention what might happen if the disabled person’s family feels the need to step in to protect their interests. That’s why having a buy-sell agreement in case of long-term disability or critical illness is an essential part of your business risk managment planning. It provides the disabled or critically ill owner with a guaranteed market for their share of the business. It also protects the healthy owners from having shares sold to a third party.

There are two ways of funding a Disability Buy/Sell Agreement

1.)  Disability Buy/Sell Benefit (up to $2,000,000 max)

2.) Critical Illness Buy/Sell Benefit (up to $2,000,000 max)
* On Most Illnesses