disability buyout insurance
Disability buyout insurance refers to a disability insurance policy designed to buy out a disabled business owner or partner.
Additional Information
The proceeds from the disability policy are used to fund an agreement designed to provide the company owners with the money they need to purchase a disabled owner's or partner's interest in the company or partnership at a mutually agreeable price. A disability buyout insurance plan is specifically designed to fund a buy-sell agreement between the owners or between the owners and the company.
