Business Assurance
Business assurance is the process of planning and implementing strategies to overcome the effects of a risk event (mostly death and disability) and the impact it may have on a business. Business assurance generally affects 3 parties, namely:
• The business
• Surviving partners & Family
• The deceased estate
Vested Wealth Management offers the following Business Assurance solutions:
• Buy & Sell agreements
A Buy and Sell agreement is a contract entered between partners that creates an obligation for each party to sell at death or disability, their interest to the surviving partners while at the same time committing/obligating the surviving partners to purchase the deceased’s shares. By funding it through life insurance, it guarantees:
• Liquid cash
• The heirs will receive a fair value for the deceased’s shares
• The surviving partners will receive immediate and complete control over the business
• The business will not have to drain its CAPEX