Among other benefits, a buy - sell agreement can make funds available to help the business thrive after
an untimely death of a partner, help preserve management continuity, and convert marketable stock into cash.
Not exact matches
Domino tells the story
of a Danish police officer (Nikolaj Coster - Waldau aka Jaime Lannister in Game
of Thrones) that goes rogue to pursue a terror suspect in the wake
of his
partner's
untimely death.
Rescuing your
partners from a dire situation is just as rewarding as giving up one
of your lives to bring them back into the fight after an
untimely death.
Forty years after the completion
of the earthwork Broken Circle / Spiral Hill (1971) in Emmen, the film that land art artist Robert Smithson was never able to finish due to his
untimely death, is now to be completed as a video with support from Dutch
partners.
Business life insurance protects both you and your
partner (s) in those tenuous situations because this form
of coverage will enable you to fund and fulfill the buy - sell agreement in the event
of an
untimely death of one
of the
partners.
Life insurance is a great way to help keep the business afloat in the event
of your
untimely death; it can help cover the costs
of the inevitable disruption a business goes through with the passing
of a
partner, can allow the remaining
partners to find a new
partner, or can provide the funds to allow your
partner or family to close the business.
Family time is precious, and much
of it can be lost when a former stay at home mom or dad has to return to the workforce following the
untimely death of his or her
partner.
While each spouse will still need a certain amount
of life insurance coverage to protect their
partner in the event
of an
untimely death, the amount
of life insurance needed may not be as high as it was during those prime working years.
With families becoming nuclear and both the
partners contributing almost equally to the household income, it becomes imperative to ensure that both are insured to be financially stable in case
of an
untimely death of either
of the
partners.
The
untimely death of an owner,
partner, or key person in a business when there is no business life insurance such as a buy / sell insurance policy or key man insurance in place can be the beginning
of quick end.