Episode 28 – Private Insurance and Estate Planning Opportunities

Guests: Jonathan Gopman, Partner at Nelson Mullins and Mark Sims, President of Madison Insurance Group

In this episode, David Warren – Co-Founder and Chairman of Bridgeford Trust Company – sits down with returning guest, Jonathan Gopman – Partner at Nelson Mullins – and a new guest, Mark Sims – President of Madison Insurance Group.

The focus of the conversation is Madison Insurance Group’s pioneering risk management strategy, Private Insurance. Mark talks about how this strategy enables businesses and organizations to direct procure insurance coverage for selected risks, transfer high exposure to third parties, and designate an investor to participate in an innovative profit-sharing program. As a result, investors build tax efficient assets to help protect their business and assure their future.

Jonathan then goes into a sample profile of who could benefit the most from this product as well as the planning opportunities that are not easily seen on the estate planning side to use trusts and different types of financial products with Private Insurance.