BUY-SELL INSURANCE

Buy-sell insurance is one of the best ways to assure the continuation of a business in the event of a partner's death. Many businesses get buy-sell insurance as a form of business protection or business insurance. This buy-sell business insurance is generally accompanied by a buy-sell agreement that requires any surviving partner(s) to purchase the remainder of the business in the event of a partner's death. The purchase is funded by the death benefit of the buy-sell insurance policy.

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