What is Buy Out Disability Insurance?

 

Very simply if you are in a partnership with another person and either of you becomes disabled what happens to the practice? What happens to the profits? Does your overall agreement speak to profits being shared? If so you could still be responsible to payout a portion of the profits to a partner that is not working. What if it is you that is disabled do you want to be paid out your portion of the value of the practice or does your partner just get the practice? Where does one get the money to buy out either you or your partner?

 
 
 
 
 
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with Gary Baird
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  Business Overhead Coverage

This often overlooked protection helps protect partnerships by offering a monthly benefit to pay regular reoccurring bills in the case of a disability.
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with Ryan Poindexter
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  Disability Buyout Coverage

Long-term disabilities can have a major financial impact on practices with multiple partners. Buyout coverage offers financial protection to all affected.
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M.D. Disability Insurance Services is owned by M.D. Financial Services, Inc.