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Buy-Sell Agreement Funding Insurance

A different way to protect your business.

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Using Life Insurance to Fund a
Buy-Sell Agreement

Being co-owners of a business means there is always a chance one of you could assume sole ownership one day. Sometimes this can happen if one co-owner leaves the business, whether by force or voluntarily. Other times, it happens when a co-owner passes away.

With your business partner and co-owner as the beneficiary of your life insurance funded buy-sell agreement, they will receive the death benefit and can use it for the good of the company.

How It Works

There are several ways to arrange the buy-sell agreement with life insurance, but each generally does the following:

  • The business co-owner(s) or the company receives the death benefits from the deceased co-owner's life insurance policy
  • The living co-owner(s) pay death benefit amount to the deceased co-owner's family or estate in order to purchase the deceased’s shares
  • The deceased’s family or estate has cash to employ as needed

Protect the Interests of Your Company

Get in touch with us today to learn more about how you can use life insurance to fund a buy-sell agreement, and ensure that your business will continue on if you are no longer around.

Talk to an Agent

Or call for immediate assistance. 336-794-2810