This will help the remaining partners to ensure they can quickly acquire the departing owner’s share so the business can continue running with minimal disruption.
For the departing owner or their estate, buy/sell insurance will assist them to receive the agreed value of their shareholding in return for transferring their business share.
Please note: We have partnered with Steadfast Life Pty Ltd to create Planned Life Cover, a division that sells life insurance products to our clients. Any services provided to you by Planned Life Cover are done so under Steadfast Life’s Australian Financial Services Licence no 421904.
Please contact the following Planned Cover Account Managers directly for a referral to Planned Life Cover for this product: