When an individual is invited to become a partner in a professional practice or business, there is usually a period of time that involves the Buy-In.
During this period the deal is riding on the fact that the individual becoming a partner has the finances to buy into the company. A disability could really throw a wrench in the plan.
Should the potential partner become disabled during the buy in period, there could be significant problems with the completion of the deal.
Without the ability to continue working, the disabled might not be able to afford to buy into a company.
Unfortunately, because the disabled is not a full partner at the company, a traditional Buy-Sell Disability Insurance plan will not cover him or her. In this type of situation one of our carriers’ high limit Disability Insurance policies would cover the buy- in agreement.
Please contact your Brokerage Consultant, or reach out today to: info@diprotect.com
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