Disability insurance is a crucial but often overlooked component of retirement planning, providing essential protection for business continuity and mitigating financial risks when a key owner becomes incapacitated. Click here for article
Disability insurance safeguards businesses by ensuring they can continue operating smoothly when a key owner is incapacitated, and it can provide funds to buy out the disabled owner’s share.
Including disability insurance in buy-sell agreements helps prevent disputes and protects both the business and the financial interests of the disabled partner.
The Supreme Court's decision in Connelly v. IRS highlights the importance of strategic insurance planning to avoid unintended tax consequences.
Integrating disability insurance into risk management strategies is essential for long-term business stability and protection against unforeseen circumstances.
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