- - Q for 15 years. Sunhee and two of her friends have owned a Buisness that Specializes in the production of Sauces and Condiments. To protect themselves In Case of Disability they Set up an agreement stipulating that the Buisness will buy The Shares of the disabled partner. To pay for the buyout, the Buisness took out and is paying the premiums for three disability buyout INS policies, one for each co-owner, These Palicies gine the Insured a Conversion privilige. One Day Sunhee decides to Sell her shares in the Buisness to Another investors and go into Buished on her OWN IN a Completely Different Field. The buyout policy that Covers Sunhee therefore Cannot be Maintained as is. What Can Sunhee de about the palicy? A1 She Can tronfer the coverage to the Investor who buys her shares She Can Cash in the Surrender Value of the policy 4 3 She Can Convert the policy into an individual disability INS Policy. She Can tranfer the policy to her New Business,