Disability Income Insurance

A permanent disability can sometimes be more devastating to a business and its key employees than death. Disability Income Insurance provides ongoing monthly funds to the disabled person so he can maintain some semblance of his former existence. Disability income insurance helps the disabled employee to be able to retain their standard of living and provide for their loved ones.

Disability Buy Out Insurance provides funds to buy out the ownership interest of a disabled partner thereby allowing the business to remain viable. Like Buy/Sell Life Insurance or Stock Redemption Life Insurance, the partners and their spouses predetermine the value of the business in the event of the disability of one of the partners, sign an agreement verifying this valuation, and typically purchase Disability Buy Out Insurance to fund the buy out of the disabled partner without adversely effecting the business.

The proceeds from a disability income insurance policy can make the difference between a business being able to continue or fail.

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