Sacramento Attorney Life Insurance: Buy/Sell Agreements For Continuity Announced

Clients can now add a buy/sell agreement to their insurance policy, which can help foster business continuity if the policyholder dies or becomes incapacitated. This rider is geared toward closely held legal practices since the agreement provides a clear course of action for the other owners if something untoward happens to a partner.

More information about Ornellas Insurance is available at https://ornellasinsurance.com/executive-benefits/

Following the announcement, President Helen Ornellas explains that a buyout agreement delineates the terms under which an owner's share of a business can be bought or sold under predetermined circumstances. It plays a pivotal role in protecting a firm against potential issues that may arise if a key player becomes indisposed.

Ornellas Insurance's buyout agreement proves valuable in scenarios like the death of an owner, permanent disability, planned retirement, and even personal bankruptcy. Moreover, it streamlines dispute resolution among owners, allowing all parties to avoid drawn-out lawsuits that disrupt business operations and tarnish a firm's reputation.

The buy/sell agreement addresses vital aspects such as business valuation and the financing of the buyout. It frequently involves life insurance policies, providing a financial safety net for the remaining owners to acquire the departing owner's share without undue financial strain.

Ornellas says: "Ornellas Insurance brings a tailored approach to the table. Our buy/sell agreement isn't just a safeguard; it's a promise of seamless transitions and a steady future. We believe that protecting what you've built is paramount, and our enhanced executive benefits package reflects that promise."

ABOUT ORNELLAS INSURANCE

With over two decades of insurance expertise, Ornellas & Associates is dedicated to providing comprehensive but cost-effective solutions to clients. With a track record of assisting over 10,000 individuals in obtaining life insurance, Medicare, long-term care, or disability insurance, the team offers custom solutions for each client's individual circumstances.

To learn more about the insurance agency's comprehensive executive benefits package, prospective clients may visit https://ornellasinsurance.com/executive-benefits/

Ornellas Insurance


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COMTEX_443106351/2824/2023-11-07T14:23:04