Disability Buy-Out Insurance
(DBO) insurance funds a buy-sell agreement to buy out a totally disabled business owner.
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ROYALE BRITISH COLUMBIA FINANCIAL INC
What is Disability Buy-out Insurance?
If a business partner becomes disabled and is unable to continue working, it can cause a major financial strain on the company. Formal disability buy-out agreements should be put in place, to govern the terms for the company to buy out the shares owned by the disabled.
However, the funds required to buy out the disabled’s share of the company can be substantial, and often crippling. Disability buy-out insurance (often referred to as Disability Buy-Sell Insurance) can help ensure your business has the funds available to purchase the interests and/or shares of a partner who becomes permanently disabled and is unable to continue working.
DISBAILITY BUY-OUT INSURANCE
Tailor Made Solutions
Receive money – either lump sum or through an income stream – to purchase a disabled owner’s share of the business · Suitable for businesses.
ROYALE BRITISH COLUMBIA FINANCIAL INC
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