Financial Solution Link, Insurance


	Life insurance is often used to fund a buy-sell agreement among the partners in a business. Under a buy-sell agreement, a deceased partner's interest is sold at a predetermined amount to a surviving partner with the approval of any other business partners. Learn more about buy-sell insurance and disability buy-out insurance. Key- person insurance can help your business manage the financial hardship caused by the death or long-term disability of a key employee. Key employee insurance is one of the simplest business life insurance programs to implement. Typically, life or disability income insurance is purchased by the employer, naming an employee as the insured and the employer as the beneficiary. Learn more about key-person insurance. Business overhead expense insurance is designed to reimburse a business for overhead expenses in the event a business owner becomes disabled. These policies also work where there is more than one owner. If there is a business partner each partner can take out a policy to accommodate their share of the expenses. Learn more about overhead expense insurance.
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