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Buy-Sell Agreement Disability Insurance

If you own a small family business, you`ve probably heard of buy-sell agreements. In fact, your professional advisors may have mentioned the need for one. The seller can “pay” for business after disability At a younger age, this distant exposure did not trigger a personal alarm for him who wanted to retire at the age of 60 or 62. His attitude has changed and he plans to work until the age of 67 or 70 or even 72. But the purchase and sale of disabilities continues its eroding path. For example, your buy-sell agreement might stipulate that the waiting period between when you are hindered and when your interests are purchased is 12 months, but disability insurance may have a waiting period of 24 months. You may think that after a whole year of illness or violation, you can sell your shares to the buyer mentioned in the sales contract just to find out that you have to wait another year before you have money…