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RESOURCES - Disability
Excess Disability Buy Sell Insurance (Up to $75,000,000)
Owners create a foundation of human capital that drives the success of the company. What happens to the company if one of the partners is disabled and their expertise is lost? The sophisticated advisor should consider Disability Buy-Out Coverage to protect such organizations and the remaining partners.
Madison Brokerage has designed a high-limit Disability Buy-Out policy to protect private and public organizations, law firms, and medical professionals from the risk of a career ending disability to an owner.
Coverage Includes:
- Disability Buy-Out – Limits to $75,000,000
- Lump sum payouts beginning after 6, 12, 18 or 24 months.
- Madison Brokerage’s experts can manuscript policy wording to match a client’s contractual obligation or other specific needs.
CASE STUDY
An organization had contractual Buy-Out Agreements with all 18 of its owners, ranging from $300,000 to $20,000,000. Madison Brokerage wrote Disability Buy-Out coverage on all the owners with an aggregate benefit in excess of $50,000,000. |
CASE STUDY
A large corporation with four equal shareholders wanted to protect against the disability of any of the four on a first to be disabled basis. With the business valued at nearly $60,000,000, Madison Brokerage designed a $15,000,000 Buy-Out Policy that would pay a benefit in the event of the permanent disability of one of the four principal owners. |
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