Buy - Sell
Buy – Sell insurance pays a lump sum if a business partner exits the business due to a trigger event such as death or permanent disability
The lump sum paid to the unwell business partner, or their beneficiary is typically based on their share of the business value. It should be supported by a legal agreement between the partners and updated as the business value changes.
It allows business partners to ‘buy out’ their deceased or ill partner without a significant financial burden. It provides peace of mind to all partners and ensures the business remains operational during a difficult time while the exiting partner (or their estate) receives the appropriate compensation.
Why choose PNOlife?
- Our clients tell us that we’re trustworthy and reliable. They value the process we take to educate them regarding the various covers that relate to their specific needs.
- Unlike some of our competitors that outsource the handling of claims, we meticulously manage all of our claims in-house to ensure the best advocacy for our clients.
- Our strong insurer relationships and industry knowledge provides you with competitive premiums, excellent underwriting outcomes and quality contracts to maximise your ability to claim.
- We implement regular policy reviews to ensure your coverage remains suitable for your evolving needs.
