Death and disability are unique contingencies in a buy-sell agreement in that they’re the only ones that can be funded for pennies on the dollar with insurance contracts.
There are countless horror stories about how this drain on cash flow at such a critical time has derailed the financial aspirations of two families at once. We often find that when business owners have previously engaged in this sort of planning, they check the box, put it in a file, and move on. The documents stay static, but life and their business outside that file keeps changing.
When acquiring insurance products we use our sister company Symbiotic Insurance Solutions, Inc., an independent insurance agency dedicated to acquiring the optimal products from whichever insurance carrier suits our clients’ individual health situations.