In many cases, the surviving shareholders usually are not interested in having the deceased partner’s households concerned within the enterprise. And these families will not be excited about staying concerned in the enterprise and forgoing the property proceeds. Life insurance proceeds can be used to buy out the shares owned by the deceased shareholder’s property or beneficiaries. Using corporate owned life insurance coverage to fund the buyout helps ensure the enterprise can carry on while offering money to the deceased’s beneficiaries.
Filing a life insurance coverage declare on-line is quick, easy and secure. Follow the hyperlink below and we’ll stroll you through the process. After several horror stories concerning insurance coverage companies nowadays, you all are the best. I’ve been insured 30 years and I know. You had been professional & made us comfortable.
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