This form of insurance cover is particularly designed for business proprietors. In the event of the death or disablement of a partner, this cover allows for the efficient withdrawal from the business without the need for undue and expensive legal proceedings or unrealistic demands placed on the business by the estate/family of the withdrawing or deceased partner.

Following the death or disablement of a business partner, two needs immediately arise:

1. For the continuing partners - to take quick control of the withdrawing or deceased partner's interest at a reasonable price to protect the business.

2. For the estate/family - to have relief from the concerns of the business and receive full value for the withdrawing partner's share.

A Buy/Sell Agreement, together with an appropriate insurance policy covers both these needs by providing the strategy and resources to cover such contingencies.