Business insurance · Miami, FL (Miami-Dade County)
Buy-Sell Agreement Funding in Miami, Florida
15.8% of Miami workers are self-employed, well above 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 Miami, FL households compare buy-sell agreement funding by phone or video, and the first conversation is free.
What matters for buy-sell agreement funding in Miami
15.8% of Miami 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.
Miami by the numbers
- 15.8% of Miami workers are self-employed, well above the U.S. figure of 9.8%. Self-employed people have no employer plan for health, life or disability coverage.
- 24.2% of Miami adults aged 19 to 64 have no health insurance, well above the U.S. rate of 11.1% (the 3rd-highest uninsured rate for adults 19 to 64 of the 22 South U.S. communities on this site).
- 31.2% of Miami homes are owner-occupied (U.S.: 65.0%), and the median home value is $478,600, well above the U.S. median of $303,400.
- The median household income in Miami is $59,390, below the U.S. average of $78,538.
Miami and nearby communities
| Place | Self-employed | Median household income | Population |
|---|---|---|---|
| Miami | 15.8% | $59,390 | 449,514 |
| Houston | 11.8% | $62,894 | 2,306,009 |
| San Antonio | 8.8% | $62,322 | 1,465,608 |
| Dallas | 11.5% | $67,760 | 1,300,642 |
| 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 Florida
- 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 Miami
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 Miami?
No. Olive works with Miami and Miami-Dade 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.