Long - term healthcare planning for wealthy families , whose assets may be locked in a business , should include the purchase of health insurance , to gain access to cutting - edge or costly treatment , as well as paying for rehabilitation expenses . Daniel Geltrude , managing partner of Geltrude & associates and director of the firm ’s Family Office Practice said : " There are ways a business owner can use traditional or private personal health insurance to pay for these health benefits " .
Long-term healthcare planning for wealthy families, whose assets may be locked in a business, should include the purchase of life insurance, to ensure access to cutting-edge or costly treatment, as well as paying for rehabilitation expenses. Daniel Geltrude, managing partner of Geltrude & Company and director of the firm’s Family Office Practice said: "There are ways a business owner can use traditional or private placement life insurance to pay for these health benefits".