In this video by Angus Elliott, he quickly and easily explains the need and reasons for buy-sell agreements and insurance to fund those agreements. In just a few minutes, it becomes clear the stark reasons for seeking expert help in this area. If you have partners in your business and do not have a buy sell agreement with a way to fund the agreement, please reach out to me or someone else to get this set up for you. Even if you are looking to exit your business or in the processes of working on a succession plan, this is very important to protect your family now. If you have this in place, but have not updated the agreement or insurance in over 5 years, now would be a great time to get a review. Pricing and structures for life insurance are changing all the time and, in fact, changed drastically in 2009 to the tune of much lower premiums. In addition, now many policies are equipped with living benefits (for little to no additional premium). A few minutes you spend today can pay off large dividends in the future if you set your and your business up for success. Please reach out with any questions.