Key Man and Buy-Sell Agreements
The following options are available to PA Medical Society members:
- Key Man
- Key Man Life and Disability policies through A rated carriers are available.
- Buy-Sell Agreement
- Buy-Sell agreements with A rated carriers used to protect the deceased owner’s heirs and the surviving owner’s interest in the event of an owner’s death.
- Buy-Sell can also:
- Create a surplus of cash to purchase shares in the future
- Create income that may be paid to the disabled shareholder for medical and/or living expenses
- Provide tax free benefits in the event of a chronic illness
- Allow for the coordination of tax free income through a supplemental retirement plan