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Key Man/Buy Sell

Key Man Insurance Review

Key person life insurance can help offer improved confidence in knowing that the financial stability of your business is protected in the event of a valued employee's untimely death.

Buy Sell Insurance Review

When using life insurance with a buy-sell agreement, either the company or the individual co-owners buy life insurance policies on the lives of each co-owner. In the event of a death, the policy owners receive the death benefits. That money is paid to your surviving family members as payment for your interest in the business. Your family gets a sum of cash they can use to help sustain them after your death, and the company has ensured its continuity.

Advantages of using life insurance in a buy-sell agreement:

  • Life insurance creates a lump sum of cash to fund the buy-sell agreement at death
  • Life insurance proceeds are usually paid quickly after your death, ensuring that the buy-sell transaction can be settled quickly
  • Life insurance proceeds are generally income tax free; a C corporation may be subject to the alternative minimum tax (AMT)
  • If sufficient cash values have built up within the policies, the funds can be accessed to purchase your business interest following your retirement or disability


2500 N. Military Trail
Suite 465
Boca Raton, FL 33431
Ph: (561) 981-5400
Ph: (800) 214-0766
Fx: (561) 981-5204

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