Keyperson / Buy - Sell Arrangements

You and your team work hard and rely on each other to make your business successful. If one of your key team members suddenly died or became unable to work, would you have the resources to fill their shoes? Keyperson insurance provides funding to help with the immediate expenses of maintaining the business and finding a suitable replacement.

If you are in a business arrangement without a plan for the loss of one partner, you could end up working with the heirs of the estate who either are not qualified to run the business or have no interest in running the business. Will you have the financial resources to buy-out your partner’s heirs? GMS Insurance can arrange for life insurance to accomplish this goal.