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Covering For The Unexpected
If one of your founders should unexpectedly pass away, what would happen to your company? Who would get their share of the business? What about their families? Further, would your company be able to survive the gap of sudden loss?
If you're uncertain about your company's outlook for any of these situations, or have never considered the following, it's time you speak with an agent and begin looking into a buy/sell agreement.
If one of your founders should unexpectedly pass away, what would happen to your company? Who would get their share of the business? What about their families? Further, would your company be able to survive the gap of sudden loss?
If you're uncertain about your company's outlook for any of these situations, or have never considered the following, it's time you speak with an agent and begin looking into a buy/sell agreement.
What Is A Buy/Sell Agreement?
These purchase agreements are legally binding contracts that serve two main purposes. Firstly the contract delineates what will happen to an owner's market share should any major life events occur, such as disability, death, or if they leave the company. Secondly, it creates funding to buy back an owner's market share.
ALVA Financial Group offers the two most popular types of agreements:
Cross-Purchase Plans and Entity Purchase Plans.
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Covering For The Unexpected
If one of your founders should unexpectedly pass away, what would happen to your company? Who would get their share of the business? What about their families? Further, would your company be able to survive the gap of sudden loss?
If you're uncertain about your company's outlook for any of these situations, or have never considered the following, it's time you speak with an agent and begin looking into a buy/sell agreement.
If one of your founders should unexpectedly pass away, what would happen to your company? Who would get their share of the business? What about their families? Further, would your company be able to survive the gap of sudden loss?
If you're uncertain about your company's outlook for any of these situations, or have never considered the following, it's time you speak with an agent and begin looking into a buy/sell agreement.
Covering For The Unexpected
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What Is A Buy/Sell Agreement?
These purchase agreements are legally binding contracts that serve two main purposes. Firstly the contract delineates what will happen to an owner's market share should any major life events occur, such as disability, death, or if they leave the company. Secondly, it creates funding to buy back an owner's market share.
ALVA Financial Group offers the two most popular types of agreements: Cross-Purchase Plans and Entity Purchase Plans.
For cross-purchase life insurance, each business owner buys life insurance policies on their business partners. If one of the owners should die, the owner’s stock would be passed to the heirs. At the same time, the policyholders would receive the death benefit payments, which are used to buy the stock from the deceased owner’s heirs.
Why Life Insurance Funding?
ALVA Financial Group can guide your company through life insurance options that fund your buy/sell agreement. Using life insurance as funding for your buy/sell agreements is the best way to guarantee your company gets a return on its market share. Should an owner die, your business or all remaining owners would receive a payout large enough to but the market share directly from the owner or the deceased owner's heirs. Together, we’ll create an entity-owned, co-owned, or hybrid life insurance policy that best suits your needs.
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Owning the funds to buy back stock
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Coverage for the unexpected
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Tax-free Death Benefits
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Heirs are covered
Benefits
Why Life Insurance Funding?
ALVA Financial Group can guide your company through life insurance options that fund your buy/sell agreement. Using life insurance as funding for your buy/sell agreements is the best way to guarantee your company gets a return on its market share. Should an owner die, your business or all remaining owners would receive a payout large enough to but the market share directly from the owner or the deceased owner's heirs. Together, we’ll create an entity-owned, co-owned, or hybrid life insurance policy that best suits your needs.
Benefits
Owning The Funds To Buy Back Stock
Coverage For The Unexpected
Tax-Free Death Benefits
Heirs Are Covered
ALVA Financial Group has a team with over 30 years of experience in the industry here to help sustain the legacy of your business. Our agents sit with you to discuss your company's values and intended direction to ensure the best personalized policy options for your client's goals.
Here to secure your business for generations. Speak with an agent today to discuss your options.