North American | Buy-Sell Agreement with Life Insurance

Have you thought about how your business will handle the death of an owner? From modest family operations to multi-billion dollar corporations, the death of an owner can seriously cripple a business. A buy-sell agreement allows for a smoother transition in ownership to the surviving owners.

Life insurance is a cost-efficient and relatively simple way to fund a buy-sell agreement. Funding through life insurance is potentially guaranteed and is also generally tax free. Both a cross-purchase agreement and an entity purchase agreement can use life insurance to purchase a deceased owner’s share of the business.

Talk to your financial professional about protecting the life of your business with a buy-sell agreement funded with a North American life insurance policy.

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