Florida Business Buy/Sell Insurance

A buy/sell agreement is also known as a binding buy out arrangement between partners of a business that dictates what happens if a co-owner dies or leaves the business.

The agreement when triggered is usually funded with a life insurance policy on the participating partners. It can be thought of as a prenuptial agreement between partners and is often recommended by financial planners to ensure the buy/sell agreement is triggered.

The buy/sell agreement usually consists of several legally binding clauses that within a partnership agreement or a separate arrangement with specific terms such as

• Who can buy the partnership or shareholders interest in the business.
• What events will trigger the buy out.
• What price will be paid.

Florida Affordable Insurance can consult with you and your partner(s) to assist in structuring a business buy/sell agreement using life insurance. Call or click today to find out how easy it is to get yourself and your business partners protected.

• Whole Life
• Universal Life
• Term Life
• Term Life w/ Return of Premium
• Mortgage Protection Insurance
• Guaranteed Issue Life
• Final Expense Burial Insurance
• Childrens Insurance
• Business Buy-Sell Agreement
• Business Key Employee Insurance
• Group Life
• Get A Term Life Quote Online Now!