At Diversified Insurance Brokers, we understand how crucial it is to have a clear plan for business ownership changes in the event of a partner’s death. Buy Sell Life Insurance provides the funding necessary to execute your company’s buy-sell agreement, ensuring a smooth transfer of ownership and protecting both the business and the deceased owner’s family. With coverage through Lloyd’s of London, you gain the peace of mind that comes from knowing your business can move forward without disruption.

Why Buy Sell Life Insurance Matters

When a business partner passes away, ownership shares may automatically transfer to their heirs. Without a pre-arranged funding source, surviving owners may struggle to buy out these shares, leading to operational and financial instability. Buy Sell Life Insurance provides the liquidity needed to carry out your buy-sell agreement without straining company resources.

Key Benefits

• Guaranteed Funding: Ensures the buyout can happen promptly without loans or cash flow disruption.
• Protects the Business: Maintains control and stability for surviving partners.
• Supports Heirs: Provides fair compensation to the deceased partner’s family.
• Customizable Coverage: Policy amounts tailored to match your business’s valuation and agreement terms.

How It Works

The policy is purchased on the life of each owner, with the business or other partners as beneficiaries. In the event of a death, the insurance proceeds are used to buy the deceased owner’s share according to the terms of the buy-sell agreement. This eliminates uncertainty, reduces potential disputes, and keeps the business moving forward.

Easy Application Process

Applying through Lloyd’s of London is straightforward. Click “Apply Now” to start the secure application. You’ll provide details about your business, ownership structure, and agreement terms. Our advisors at Diversified Insurance Brokers will guide you through underwriting, ensure the coverage matches your agreement, and help finalize the policy quickly.

Why Work With Diversified Insurance Brokers?

With access to over 100 top-rated carriers, we specialize in tailored business protection strategies. Partnering with Lloyd’s of London allows us to provide high-quality, customized Buy Sell Life Insurance solutions to secure your company’s future.