Exam term

Buy-sell agreement

An arrangement between business partners, often funded by joint life insurance, giving a surviving partner the cash to buy out a deceased partner's business interest.

Lessons that use this term

Combination and survivorship life plans Florida
Life insurance needs analysis for individuals and businesses Florida
Life insurance needs analysis for individuals and businesses New York
Business uses of health insurance: key person, overhead expense, and disability buy-out New York
Combination and survivorship life plans Texas