A 67-year-old entrepreneur retired and transitioned his business to a younger key employee. The buy-out agreement called for the younger employee to make monthly payments of $50,000 to the retiring partner over a 5-year period. What was the solution? Hanleigh Companies underwrote a policy to pay $50,000 monthly to the retiring Entrepreneur in the event of a total disability of the younger Executive. Coverage had a 60-day elimination period and paid benefits for 60 months on a reducing basis.