Secura Consultants Offers Complimentary Buy-Sell Agreement Reviews

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Secura Consultants partners with Principal Financial Group to offer high value services to insurance professionals working in the business marketplace.

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Advising business owners regarding an appropriate Buy-Sell agreement is one of the best ways to build deep relationships in the small to mid-sized business market.

Secura Consultants, based in Minneapolis, MN, is one of the few insurance marketing organizations in the country focused on delivering exemplary solutions in the income and asset protection marketplace. Secura Consultants is proud to offer complimentary Buy-Sell agreement reviews in partnership with Principal Financial Group, a leading global financial company.

Many businesses are formed with multiple ownership interests. With the ownership interest comes the need for business succession planning in the event of an unforeseen death or disability. Many business Buy-Sell agreement documents focus on the death of an owner, but very few plan for a disability. Since disability is far more likely to occur, this lack of planning can require a large capital expense for the other owners if the business must buy-out the disabled owner’s business interest.

This risk can be mitigated by a proper agreement and the use of insurance solutions. A disability policy will trigger benefits when the disabled owner meets the definition of total disability and payments are made to transfer the ownership interest. The remaining owners will be reimbursed for the buy-out expenses incurred up to a policy’s maximum aggregate benefit.

Initiating a Buy-Sell agreement review through Secura Consultants can ensure a client has a properly designed agreement and is appropriately insured in the event an owner is unable to perform their duties due to death or disability. Follow these steps to start your client’s review.

1.    Contact a consultant by visiting http://securaconsultants.com/request-a-consultation/
2.    A representative will send you a short form to complete.
3.    The business will need to submit financial data including the last three years of tax returns.
4.    Secura Consultants will contact you with questions.
5.    The Buy-Sell review should be completed in two to three weeks after all materials have been received.

Advising business owners regarding an appropriate Buy-Sell agreement is one of the best ways to build deep relationships in the small to mid-sized business market.

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George Davidson

George Davidson
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