Business Insurance Buy/Sell Agreement

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PostPosted: Thu Jul 23, 2015 7:58 am   Post subject: Business Insurance Buy/Sell Agreement  

What Is Business Insurance Buy/Sell Agreement?

Andrew01
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PostPosted: Fri Jul 24, 2015 8:08 am   Post subject:   

Buy/Sell Agreement is when business partners purchase life insurance policies on the lives on each co-owner but not on themselves. In the event of one of the co-owners death, the other co-owners will be paid a lump-sum benefit that is then paid to the deceased's surviving family members as payment of their interest in their business.



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