Buy-sell agreements and key-person coverage are unglamorous — until the day they save the company and the family at the same time.
Every owner assumes there will be time to plan continuity later. The families and partners who rely on the business cannot afford that assumption.
Fund the buy-sell
An agreement without funding is a promise without a wallet. Insurance-backed funding makes the transfer real on the day it is needed.
Cover the key people
If revenue depends on a few individuals — including you — key-person coverage buys the business time to adapt.
Review the valuation
Buy-sell terms tied to an outdated valuation create disputes at the worst possible moment. Update it on a schedule.
This article is for educational purposes only and is not tax, legal or investment advice. Speak with a licensed professional about your own situation.
