Business owners rely upon the Buy – Sell Agreement so that their business may continue in the event of the death of an owner. The Buy – Sell Agreement obligates others to purchase the interest of the decedent and generally requires a large immediate cash outlay in order for the purchasing party or parties to perform under the contractual arrangement. Life insurance can be used to provide the funds to buy the business for the surviving partners or for the business itself (under an Entity Purchase or Stock Redemption Agreement). Without funding provided by the life insurance, it may be impossible for the purchasers to perform their purchase obligation due to the size of the lump-sum payment required.
Trudeau & Associates are brokers of life insurance and can offer some fifty (50) insurance companies for you with no preference for any one company. It is our mission to match the right company to your Buy – Sell Agreement needs to provide the immediate liquidity required for performance under said Agreement.
Trudeau & Associates can recommend legal counsel to draft the Buy – Sell Agreement (if needed) and/or assist you with obtaining the appropriate life insurance contracts to fund said Agreement. If you already have legal counsel, we can interface with them to assist you in satisfying your business insurance needs. You may have a Buy – Sell Agreement in place but simply have neglected to obtain the proper life insurance to fund it; we can help with this, too.
We typically meet with you to perform a needs analysis in order to design a plan for you. Our fact-find meetings are purely for informational reasons and not for sales purposes. There is no additional charge to perform this service.
Call Trudeau & Associates today to set an appointment with an experienced life insurance specialist regarding your Buy – Sell Agreement funding needs. You will receive professional service and expert advice as part of our process without any additional fees.
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Give us a call at 586-541-4500 or fill out the form below and one of our agents will get back to you soon.
At Trudeau & Associates we have been serving the insurance needs of our clients for nearly two decades. We provide cost saving, cutting edge worksite insurance solutions to a variety of individuals and businesses.
Address: 30229 Schoenherr Ste 100 Warren, MI 48088