Buy/Sell Disability Insurance

Buy/Sell disability insurance covers the cost to purchase a partners shares within a corporation. This allows for funds to be available rather than using personal or business assets. Thus keeping the business alive without having to sell the business to a competitor.

The company owns and pays for the policy, but the premiums are not tax-deductible. At the time of claim, the corporation receives the proceeds and buys back the shares from the disabled partner. The premium payments are guaranteed for the life of the contract and are non-cancellable. 

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