Protect Your Business – Buy Sell Agreement
As Part Of Your Life Insurance Policy
What will happen to your business in the event that you pass unexpectedly or become disabled?
A Buy-Sell-Agreement as part of your life insurance policy protects your business that you have spent time and energy building. Your heirs are also protected in this situation. A Buy-Sell-Agreement can offer a smooth transition to new owners as well as protect from unexpected IRS audits.
With a Buy-Sell-Agreement the terms of the buyout would be spelled out, the business owners family is assured a fair value for the business and this form of insurance also assures a buyer for the business.
Often times business owners pass away unexpectedly and family members are left with a business they don’t know what to do with. A Buy-Sell Agreement can assure there is no miscommunication with what should be done with the business and how it is to be valued. This portion of a life insurance policy gives family members a piece of mind.
If you are business owner and would like to discuss protecting your business in greater detail, our life insurance agents in Naples, Ft. Myers and Port Charlotte can assist you. Please feel free to contact us at any of our three offices.