Future Buy-out Expense Option


Definition of "Future buy-out expense option"

David  Ryder real estate agent
David Ryder, Real Estate Agent Weichert Realtors Westshore

Option clause in a disability buy-out insurance policy that permits the owner of the policy to increase the limits of coverage for the expenses associated with the buy-out process. Usually, the limits can be increased only on the dates stipulated in this option clause.

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