What Does Disability of Partner Buy and Sell Insurance Mean?

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

Disability of Partner Buy and Sell Insurance

Disability of Partner Buy and Sell Insurance

Also called Disability Buy-Sell Insurance, this is a policy that provides money for a company in a future business scenario where a partner/owner suffers a long-term illness or a disability and the other partner/owner might want to buy the disabled partner's shares. If such a scenario occurs, the insurance company gives an amount to the business partner who needs it to buy out the shares of the one suffering from a disability or a crippling disease.

We hope the you have a better understanding of the meaning of Disability of Partner Buy and Sell Insurance.

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