Creates an automatic market for the business interest. Assures customers, creditors, and employees of business continuity. Business control retained by active owners. Assures funds are available to execute the purchase. Unfortunately, this may leave the business vulnerable at a critical time.
Borrowing can be a very costly solution.
Plus, because of the unsure nature of the business after an owner's disability, it may be difficult to qualify for a loan. The buyout is funded immediately, at minimal cost to the business. Disability insurance provides essential funds for the business at a time when the business itself must recover from the loss of a key contributor. A Disability Buy-Out policy can be tailored to fit your needs. There are many options available.