MLchartDataset catalogue

Disability buyout insurance

Term · Insurance and risk management · MLC-T-INS-003630

A specialized insurance policy that provides funds to a business to purchase a disabled owner's or partner's share of the company. This coverage allows the healthy partners to maintain control and stability of the business without financial strain. The policy typically pays a lump sum after a specified waiting period.

Table 1. Record
IdentifierMLC-T-INS-003630
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003630",
  "term": "Disability buyout insurance",
  "field": "Insurance and risk management",
  "definition": "A specialized insurance policy that provides funds to a business to purchase a disabled owner's or partner's share of the company. This coverage allows the healthy partners to maintain control and stability of the business without financial strain. The policy typically pays a lump sum after a specified waiting period.",
  "url": "https://mlchart.com/terminology/insurance/disability-buyout-insurance/"
}

Record 994 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.