How the Ultra-Wealthy Avoid Life Insurance Missteps

Life insurance, because it can be very complicated and opaque, is an area where mistakes can be easily made. In an exploratory study addressing the life insurance purchased by 94 ultra-wealthy business owners (net worth = US$30 million or more), about two out of five of them did not have the appropriate life insurance in amount or type, or it was not properly structured to meet their needs and goals.