Tennessee Insurance Group: 90-Second Buy-Sell Insurance Quote Request

When you and your business partner(s) opened for business in Tennessee your minds were probably racing with thoughts of business plans, marketing campaigns, and profits. With so much to do there probably wasn’t time to think about the unthinkable … a buy-sell insurance quote to protect the business in the event of death of a partner.

If your business partner(s) were to die without a succession plan in place in Tennessee, their interest in your company would pass to their heirs and you would suddenly find yourself in business with the deceased business partner’s family. A buy-sell agreement, also known as a cross-purchase agreement, is crucial to protecting you and the business that you’ve worked so hard for.

Tennessee Insurance Group: 90-Second Buy-Sell Insurance Quote Request

In a buy-sell agreement, business partners agree to purchase the business interest of any other owner that dies. All business partners collectively purchase insurance on the lives of the others (buy-sell insurance), and in the event of death of one of the owners, policy proceeds payable to the surviving owners are used to purchase the business interest from the deceased owner’s estate.

Tennessee Insurance Group: 90-Second Buy-Sell Insurance Quote Request

Insuring your succession plan with buy-sell insurance offers a number of advantages that should be considered before requesting a quote:

It allows all partners to agree in advance how the business will be valued so the remaining business partners can buy out the deceased partner’s estate at a price that is fair to everyone.
It could prevent a legal confrontation in a Tennessee courtroom after a partner’s death because the deceased’s beneficiaries will know that a buyout price was decided upon in advance.
In the event of death of a partner, it allows a company to continue operation without putting a strain on cash flow, so you’re protected from an outside takeover.
It provides each partner’s heirs the piece of mind of knowing that they will receive timely payment for their shares of the business.

90-Second Quote Request!
Company Name:
Phone:
Zip Code:
Email Address:
Contact Person:

Amount:
Billing Mode:

PARTNER 1
Gender:	Male Female
Birth Date:
Height:
Weight:
Tobacco User?	Yes No
Medications?	Yes No

PARTNER 2
Gender:	Male Female
Birth Date:
Height:
Weight:
Tobacco User?	Yes No
Medications?	Yes No

PARTNER 3
Gender:	Male Female
Birth Date:
Height:
Weight:
Tobacco User?	Yes No
Medications?	Yes No

PARTNER 4
Gender:	Male Female
Birth Date:
Height:
Weight:
Tobacco User?	Yes No
Medications?	Yes No

Please provide special instructions or any additional information that would aid us in obtaining the best quote possible.

Buy-Sell Insurance Companies We Represent

Please note that this page provides only an overview of the different types of Tennessee buy-sell insurance. The information displayed here is intended to help you request a buy-sell insurance quote. Please refer to your policy for more information concerning your coverage.