Buy/Sell agreements deal with the involuntary departure of an owner (Death, Serious illness).
Supported by insurance, a policy provides proceeds to the departing owner (or nominated beneficiaries), as consideration for the transfer of the ownership to surviving owners.
This insurance arrangement is critical to ensuring that the ongoing viability of a business.
We assess whether Buy/Sell Insurance provides a net benefit for you and your business, or we can check what you may already have in place. Delivering one of the following outcomes:
Firstly, determine the level of cover that business partners need, considering the value of individual shares in the business. The sum insured on the buy and sell life insurance agreement should be driven by this.
It is not a low cost cover, though consider the situation should an unfortunate event occur.