In addition to the security of protecting vital financial resources for health or other expenses, disability insurance funds give the disabled homeowner peace of mind that their investment in the small business will be recovered: how long does it take after the disability before the benefit is paid? In the business purchase and sale agreement, all business participants enter into an agreement with the small business that provides that the small business will purchase its interest in the small business from the business unit in the event of a complete disability and that the disabled owner will sell. The business will be the owner and beneficiary of the loss of the redeemed disability insurance policy for each business owner. If you recover after starting the buy-sell transaction, can you get your shares back? It`s easy to ignore this contingency planning, but the question is not if, but when. Death, disability or retirement planning will not help the agency function better today. However, good planning allows the surviving family and remaining owners to revise the difficult period with a smoother transition. An agency owner who spends his life building a business needs to make sure that the business doesn`t dissolve or sell for a few cents on the dollar when it`s no longer active. For example, your purchase-sale contract may state that the waiting period between when you become disabled and when your interest is purchased is 12 months, but disability insurance may have a waiting period of 24 months. .