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Bond for $1million Pay Off?

Bond for $1million Pay Off?


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Reply to Bond for $1million Pay Off?
Old 02-10-2010, 03:58 PM   #1
Super Genius
 
Join Date: Jan 2010
Posts:23
State: simpsonian is an Insurance Agent from Alabama
Bond for $1million Pay Off?             Go to Top

I have two clients that are business partners in Mississippi. They are splitting ways and one partner wants to buy the other partner out. The selling partner wants to know if he accepts a buy out of lets say $1 mill. pay out on a monthly basis for 10 years, is there a bond, insurance policy, or anything that he can purchase that will guarantee that he will receive his payout? I have been selling insurance for a while and have never heard of this. Any help would be appreciated. I am not talking about a policy on the partner in the event of death (buy-sell), they already have that in place.
Thanks again in Advance!
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Reply to Bond for $1million Pay Off?

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