Disability Buy Out
Disability Buy Out protects your clients company If one of their company's owners became totally disabled. Is your clients company prepared to stay in business if an owner becomes disabled? Ask your client these questions:
- Could your company continue to pay the salary of a disabled owner?
- Does your company have the funds to buy out a disabled owners share?
- Would another owner want to purchase a disabled owners share?
- Would a disabled owner's family want to take over?
Make sure that your client has a properly funded buy-sell agreement in place to address these issues.