Experienced Disability Insurance Broker Discusses Buy/Sell Policies
As an experienced Disability Insurance Broker for physicians and dentists, I regularly get questions about buy/sell policies. This type of policy will provide coverage for partners or other owners in the event of your disability to allow them to buy you out under your buy/sell agreement.
Unfortunately, many businesses have a buy/sell agreement, but it doesn’t provide funding in the case of death or disability. For those who do cover, most times it’s for life insurance and that is much less likely to happen than disability. Disability insurance is actually the most important one to have in order to cover that buy/sell agreement and provide the funding should someone become disabled.
If you are a physician or dentist and have questions about a buy/sell policy, contact our professional Disability Insurance Brokers for guidance. Let our experience work for you.
This educational blog was brought to you by Disability Insurance Broker Michael J. Bruno, seasoned Chartered Financial Consultant, Chartered Life Underwriter and Registered Health Underwriter. Specializing in financial planning and disability insurance for physicians and dentists for over 30 years.