Business Disability Insurance
Disability Buyout
Disability Buyout Insurance is used by individual Professionals and Partnership groups when there are multiple Owners of a business.
- Provides a lump sum payment to a business to buy-out a Partner due to a disability.
- Insurance Company determines when a buy-out occurs.
Relieves Co. of that responsibility. - Premiums are a cheaper funding source than after-tax business profits.
i.e. It takes $2 to “net” $1 using business revenue.