Question

Lisa and lena own a shop together. they are partners in their business of 2 years. lisa is a designer; lena is a seamstress. lisa worries that if lena becomes disabled, that would affect their business. she inquires about purchasing disability buy-sell insurance. what does her agent tell her about that type of policy?

Answer 1

The agent of Lisa would likely tell her about the process and the rules in regards of the disability buy and sell insurance. The agent would likely explain that if she acquired this type, the insured person would likely be protected when the person has exhibit a disability and that having this type of insurance have benefits and are likely to be tax free.