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Why is buy-sell agreement life insurance important?

Buy-Sell Life Insurance is intended to provide buyout protection for partners in a business in the event that one of the partners is to pass.

In many situations where a business owner in a partnership passes away that partner’s ownership internet is passed to a spouse or child. In such cases is it not in the business’s best interest that the spouse or child become a functioning owner.

The buy-sell agreement provides a buyout to the spouse or child in the form of a life insurance payment in return for the ownership interest they would have inherited.

Watch this video “Why is a Buy-Sell Agreement Life Insurance Policy Important?” for more details:

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This is video #67 of a one hundred insurance video series that The Murray Group is producing to provide insurance consumers with quick, valuable answers to their everyday insurance questions.

If you have additional questions regarding life insurance or if you would like to discuss and receive a quote for a life insurance policy use the link below:

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Disclaimer: This article is for informational purposely only. There is no legal advice being suggested or proffered and the author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information.

created by Ryan Hanley