Buy-Sell Plus is a great complement to a business buy-out agreement. It offers flexibility and choice in how to fund the purchase of a disabled owner’s share of the business.


Buy-Sell Plus business buy-out coverage is ideal for owners of small, closely held businesses (generally two to five owners) who own at least 10% of the business and who work full-time for the business.

Buy-Sell Plus provides funding of a buy-sell agreement in case of disability of a business partner.  If one partner becomes disabled and can no longer work, Buy-Sell Plus helps them receive a fair payment for their share of the business.

Issue ages Occupation classes Benefit periods Elimination periods (days) Premium
18 – 55 (age last) 44A, 3A, 2A 5 years(can also be paid as a lump sum) 365, 735 Level to age 63

With Buy-Sell Plus, your clients can:

  • Be certain their premiums and coverage won’t change if their health changes
  • Have buy-out costs reimbursed based on the most preferred definition of total disability (based on own occupation definition for classes 4A and 3A)
  • Transfer coverage to a new business without medical evidence
  • Get up to $5,000 for legal and accounting fees incurred while executing the buy-sell agreement
  • Convert to an income replacement policy without medical evidence
  • Purchase additional insurance without evidence of good health with the optional Future Income Option rider

Choice of reimbursement frequency:

  • Lump sum
  • Monthly for five years
  • Initial lump sum followed by monthly benefits

Note: Above features may be subject to terms and conditions

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