BDI Buy Sell Agreements – A Serious Need
Buy-Sell Disability Insurance is a mover and shaker when it comes to generating very big premiums and big commissions.
Frequently, the by-product sales or tangential sales generate more commissions than the disability buy-sell plan!
The disability buy-sell spotlights the need for Salary Continuation, Key Person, and Bank Loan Disability, as well as an increase in the Buy-Sell Life Insurance, which in a successful company falls to an inadequate level every year.
If there is a Buy-Sell Agreement, it is typically funded for the contingency of death with life insurance. It is axiomatic. In most cases, there is a missing page in the agreement, the page that contemplates the aspects of disability.