The success of your business relies on teamwork. You and your business partner(s) are a team, working hard every day to meet the demands of running a business.
A major part of the success of your business is attributable to that teamwork. You share a vision of how to run the business, where the business is going and how to get there.
Help prepare your partnership to meet the challenges of a disability.
A Buy-Sell agreement funded with a disability income insurance policy from MassMutual® can help demonstrate to investors, creditors, employees and customers that your business is prepared to meet the unexpected challenges a disability can create. And it can help safeguard your business by providing the funds necessary for an owner to purchase a disabled partner’s share of the business, up to the terms of the contract.
With a Buy-Sell Agreement, funds that enable the business to buy out the principal’s share of the business in the event of a total disability can come from several sources — the business, another buyer or insurance policies.