Buy Sell Coverage

When funding a Buy Sell Agreement, it is vital to consider Disability Insurance. Without proper business

continuation planning, the risk of an owner experiencing total disability can be financially devastating,

however many businesses are unable to appropriately cover their needs through traditional DI carriers

due to their limitations. We help businesses ensure maximum financial protection by transferring this

risk with the use of our High Limit Buy Sell coverage. IDU’s rich benefits, creative plan designs, and

aggressive underwriting will help you craft a plan to protect your business clients.

Product Highlights

Aggregate limits of $50M and higher
Monthly issue limits of $250K
Policy Terms: 1 to 5 years
Benefit Periods: 12 to 120 months
Elimination Periods: 90 to 730 days
Own Occupation Definition of Disability
Benefits structured as Monthly, Lump Sum or Combination Payouts
Ability to place a Guaranteed Standard Issue (GSI) policy on groups of 3 or more
Ability to layer on top of existing coverage or insure 100% of exposure
NO MEDICAL EXAMS REQUIRED!

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IDU Real Life Solution

2 Equal Business Owners

Mid-Size Pharmaceutical Company

Value of $20,000,000

Client Situation:

Domestic policy on one of the owners for $2,000,000.
The second owner is above the age limits for domestic options.
Leaving 1 of the partners with $8,000,000 of exposure and the second partner with $10,000,000.

IDU’s Solution:

With age and benefit limits far exceeding the traditional carriers, IDU steps in issuing excess disability policies that integrate with the domestic carrier payout structures.

IMPORTANT DISCLOSURE: This is not an exact description of coverage.

The benefits, limitations and/or exclusions described are for general illustration purposes only and may vary by state and client profile.