Buy/Sell Disability Insurance
Businesses can be structured in a variety of ways including partnerships, LLC’s and corporations. For any company, the sudden disability of a partner can be more detrimental than a sudden death. The healthy partner now is burdened by the disabled partner. The disabled partner, not able to productively contribute now sits on the sidelines. In some cases, the disabled partner continues to earn a salary, but does not contribute positively to the company. The company will quickly realize that it is in their best interest for the healthy partner or partners to buy out the disabled partner. Buy Sell Disability Insurance is a perfect solution to this problem and an effective way to save the company from financial distress.