What does Entity Plan mean? Read on to discover the definition & meaning of the term Entity Plan - to help you better understand the language used in insurance policies.
An entity plan is business succession plan for companies with more than one owner. It involves the surviving partners buying the shares of the deceased partner. An entity plan is only enforceable if all partners have agreed to this in contract before it is acted upon.
We hope the you have a better understanding of the meaning of Entity Plan.