Buy-Sell Agreement Insurance in New Jersey
Protect Your Partnership. Preserve Your Business.
What happens if your business partner retires, becomes disabled, or unexpectedly passes away? At BEW Financial Solutions, we help co-owners and partners across North Jersey plan for smooth transitions with buy-sell agreement insurance—so ownership stays in the right hands and your business remains stable.
What Is Buy-Sell Agreement Insurance?
Buy-sell insurance provides funding to execute a legally binding buy-sell agreement between business partners. It ensures the surviving owner(s) can purchase the departing owner’s share without borrowing or draining company funds.
Key Benefits:
What Does Life Insurance Cover?
Life insurance is more than a payout—it’s a plan that ensures your family’s future stays on track, even if you’re no longer there to lead it. From mortgage protection to legacy planning, the right policy offers financial security and peace of mind.
Types of Life Insurance We Offer:
Term Life Insurance
Affordable, time-limited protection designed to cover your family during key years—like raising children or paying off your home.
Whole Life Insurance
Lifelong coverage that builds cash value over time. A great option for estate planning, final expense coverage, or long-term savings.
Universal Life Insurance
Flexible protection that combines lifelong coverage with adjustable premiums and a savings component.
Final Expense Insurance
A simple, affordable way to ensure funeral costs and other end-of-life expenses are covered—so your family isn’t left with unexpected bills.
Guarantees a fair market value buyout
Avoids conflict with heirs or outside buyers
Keeps ownership within the business
Supports financial stability during major transitions
When You Need Buy-Sell Insurance
If you co-own a business with one or more partners, and you want to control what happens when one partner exits due to:
- Death
- Disability
- Retirement
- Divorce or personal issues
- then buy-sell insurance is essential.
We help businesses in a wide range of industries secure the right coverage and pair it with a solid agreement reviewed by legal and financial professionals.
How Buy-Sell Insurance Works
Work with legal counsel to determine how ownership transfer should happen.
01
Establish a Buy-Sell Agreement
Each partner is insured for an agreed-upon amount reflecting their ownership value.
02
Purchase Life or Disability Policies
If one owner exits (death or disability), the policy pays out so the remaining owner(s) can buy the departing partner’s shares.
03
Trigger Event Activates Funding
Avoid disputes with family members, creditors, or outsiders who may otherwise inherit the stake.
04
Ownership Transitions Smoothly
Why North Jersey Business Owners Trust BEW
Family-Owned, Business-Savvy
We understand how personal and financial relationships intertwine in a partnership—because we’ve built our own family-run business, too.
Custom Solutions, Not Cookie-Cutter
We collaborate with your attorney and CPA to ensure your buy-sell agreement and insurance match your real-world goals.
Independent Guidance
We shop across top carriers for competitive pricing and flexible policy structures.
Long-Term Support
As your business grows or your partnership changes, we’re here to help you update your coverage accordingly.
Do I need both life and disability insurance for a buy-sell agreement?
Ideally, yes. Life insurance funds a buyout in the event of death, while disability coverage activates if a partner becomes permanently disabled.
Who pays for the insurance?
Typically, each business owner pays the premium for the policy covering their partner. However, your CPA may recommend a structure based on tax and legal factors.
What if my business changes in value?
We recommend reviewing your agreement and policy amounts every few years to keep them aligned with your current valuation.
Can a buy-sell agreement protect my family’s interests if I pass away?
Yes. It ensures your heirs receive a fair value for your share of the business—without getting involved in operations.
How long does it take to set up buy-sell insurance?
Once your agreement is in place, most policies are underwritten and issued within a few weeks—faster if there are no health complications.
Plan Ahead, So Your Business Stays in the Right Hands
Don’t leave your legacy—or your business’s future—up to chance. Let’s set up buy-sell agreement insurance that protects what you and your partners have worked so hard to build.