Optimizing Buy/Sell Agreements with Insurance LLCs

Traditional cross purchase or stock redemption buy/sell agreements often present challenges around control and transfer of related insurance policy to owners upon retirement, managing an excessive number of policies and more. Often, this leads business owners to seek alternative arrangements that are easier to administer and have the ability to adapt to ever-changing needs. That’s where insurance LLCs enter the planning conversation. An insurance LLC can be a great alternative to those traditional buy/sell agreements, allowing business owners to minimize the number of policies on each other’s lives, address the issues of control and distribution as they fulfill the obligations of the buy/sell agreement. Join the team at LIFE Brokerage for a session on how an insurance LLC could be a better solution than traditional agreements for your business owner clients!