What Is Disability Buyout Insurance?

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   David RacichPRO

   Fountain Hills, Arizona

   Although there are thousands of sole proprietors in the U.S., there are many businesses that have one or more partners. Creating a business buy out succession plan includes indemnifying the partners against the death or disability of one or more partners to protect the future of any business. The partners perform a business evaluation and assign the ownership share to each partner. If a disability occurs with one party or more the buyout provisions of the agreement are initiated.
    

   Answered on June 7, 2013

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