What Does Disability Buy-Out Insurance Mean?

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What does Disability Buy-Out Insurance mean? Read on to discover the definition & meaning of the term Disability Buy-Out Insurance - to help you better understand the language used in insurance policies.

Disability Buy-Out Insurance

Disability Buy-Out Insurance

Policy that finances the purchase of the shares of a totally disabled partner or shareholder (of a close company) by the other partners or shareholders, according to an arrangement agreed-to before anyone knew who will be the buyer or seller.

We hope the you have a better understanding of the meaning of Disability Buy-Out Insurance.

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