Buy-Sell Agreement

Best for: Protecting yourself and your loved ones from the financial impact of accidents

Buy-Sell Agreement Insurance — Ensuring Business Continuity

Buy-sell agreement insurance helps business owners plan for the unexpected by funding the transfer of ownership if an owner dies, becomes disabled, or is diagnosed with a critical illness. This ensures a smooth transition, protects the business, and provides fairness to both remaining owners and the departing owner’s family.

Types of Funding

Coverage

Trigger

Benefit

Who Receives It

Life Insurance

Death of owner

Tax-free lump sum

Remaining partners

Critical Illness

Diagnosis of serious illness

Tax-free lump sum

Remaining partners

Disability

Permanent inability to work

Ongoing support

Business/Partnership

Coverage
Trigger
Benefit
Who Receives It
Life Insurance

Death of owner

Tax-free lump sum

Remaining partners

Critical Illness

Diagnosis of serious illness

Tax-free lump sum

Remaining partners

Disability

Permanent inability to work

Ongoing support

Business/Partnership

Why It Matters
  • Prevents disputes between partners or family members
  • Avoids forced sale or liquidation of the business
  • Ensures liquidity to purchase shares without straining finances
  • Protects business continuity and long-term succession
  •  
How It Works
  1. Establish legal buy-sell terms with professional guidance.
  2. Determine business value for ownership transfer.
  3. Fund the agreement with appropriate insurance coverage.
  4. Triggering event occurs → insurance proceeds pay for share purchase.
  5. Ownership transitions smoothly without financial disruption.
  6.  

Ideal For: Partnerships, multi-owner corporations, family businesses, and any company planning long-term succession.

Ready to protect your future?

Featured Coverage Highlights

Michael Patel

“Thank you, Ashish and the PrimeLife team — easy process and great support!”

Sarah Thompson

“I finally understand my options and feel confident about my coverage.”

Our Network of Trusted Partners