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Disability Buy Sell


In the event that the insured partner is totally disabled and satisfies the elimination period, the insurer would reimburse the actual buy-out expense incurred according to the buy sell agreement and the value of the business at time of claim, not to exceed the maximum business purchase amount.

A buy-sell agreement must be in effect when total disability begins. Once payment begins, payment will continue whether or not the insured partner remains totally disabled and as long as the owner continues to incur the buy­out expense.
 
 
 
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