Business insurance · Des Moines, IA (Polk County)
Buy-Sell Agreement Funding in Des Moines, Iowa
7.3% of Des Moines workers are self-employed, below the U.S. figure of 9.8%. Self-employed people have no employer plan for health, life or disability coverage. Life (and often disability) insurance designed to fund a buy-sell agreement so surviving owners can buy out a departing or deceased partner’s share at an agreed value. Olive, a licensed agent with Manna Financial Services, helps Des Moines, IA households compare buy-sell agreement funding by phone or video, and the first conversation is free.
What matters for buy-sell agreement funding in Des Moines
7.3% of Des Moines workers are self-employed (U.S.: 9.8%). Owners often need to cover themselves as well as their team, so we look at personal and business coverage together.
Des Moines by the numbers
- 7.3% of Des Moines workers are self-employed, below the U.S. figure of 9.8%. Self-employed people have no employer plan for health, life or disability coverage.
- The median household income in Des Moines is $63,968, below the U.S. average of $78,538.
- 9.1% of Des Moines adults aged 19 to 64 have no health insurance, below the U.S. rate of 11.1% (the 2nd-lowest uninsured rate for adults 19 to 64 of the 10 Midwest U.S. communities on this site).
- 58.6% of Des Moines homes are owner-occupied (U.S.: 65.0%), and the median home value is $184,600, well below the U.S. median of $303,400.
Des Moines and nearby communities
| Place | Self-employed | Median household income | Population |
|---|---|---|---|
| Des Moines | 7.3% | $63,968 | 212,031 |
| Chicago | 8.9% | $75,134 | 2,701,282 |
| Indianapolis | 7.8% | $62,911 | 882,039 |
| Detroit | 7.4% | $39,575 | 636,787 |
| U.S. | 9.8% | $78,538 | 334,914,895 |
Sources: U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates.
How we help with buy-sell agreement funding
- Cross-purchase and entity-redemption funding structures
- Liquidity to buy out a deceased or disabled partner’s interest
- Helps avoid forced asset sales or unwanted co-owners
- Supports a predetermined valuation method recognized in planning
Rules that apply in Iowa
- Business-owned life insurance usually needs coordination with your attorney and CPA, especially for buy-sell agreements and employer-owned policies.
- Employer-owned life insurance has federal notice-and-consent rules before the policy is issued.
- We are licensed for insurance and annuities only and do not give tax or legal advice.
Questions from Des Moines
What if we have a buy-sell but no insurance funding?
The surviving owner may need to borrow, drain cash, or sell assets to meet the buyout — often under time pressure. Funding education helps owners plan before a crisis.
Do I need to visit an office in Des Moines?
No. Olive works with Des Moines and Polk County households by phone or video, so you can compare options from home. Most applications and signatures can be completed online.
Talk with Olive about buy-sell agreement funding.
Free, no obligation, by phone or video. Or call or text (937) 388-5346.