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 Carlin, 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".
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".