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A life insurance policy management system designed to help you

Protect

Inform

Exceed

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Proformex Named a 2017 Top 10 Policy Administration Solutions

Proformex was recently named a Top 10 Policy Administration Solution provider by Insurance CIO Outlook, recognizing 10 companies at the forefront of providing administration solutions for the insurance sector and impacting the market place.


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Proactive Management. Simplified.

Until now, monitoring life insurance policy performance has been both time consuming and costly. This, combined with an upfront commission structure along with the ever-changing insurance landscape, has led to a wait-and-see approach to policy management. 

Proformex was designed in response to this disconnect and designed specifically to provide trustees, advisors, insurance carriers, BGAs, as well as banks and broker dealers with a turnkey solution to solve the problem of ongoing policy monitoring and fiduciary management support. 

Our mission? It’s simple – to change the way life insurance is sold and monitored, one policy at a time. 

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The Reactive Problem

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OF ALL POLICIES HAVE NOT BEEN REVIEWED IN THE PAST 5 YEARS

OF THOSE POLICIES ARE LIKELY TO LAPSE IN THE NEXT THREE TO SEVEN YEARS

OF ALL IN FORCE NON-GUARANTEED TOLI POLICIES WILL LAPSE DURING THE INSURED'S LIFETIME

How We Proactively Solve the Reactive Problem

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The Proformex Governance Platform

Our patent pending technology provides a turnkey solution for ongoing policy monitoring and management support. Governance controls can be set by individual insurance contract to be proactively managed according to defined objectives to ensure long-term monitoring and management commitments are upheld. 

Policy Benchmarking

Five policy benchmark values which have the greatest impact on policy performance are monitored.

Policy Tracking & Alerts

Important policy dates, such as premium payments, term conversions, and policy lapse ages are consolidated and displayed across the entire portfolio. 

Policy Reporting

Each policy receives an annual policy report, providing an annual snapshot of the policy’s performance against it’s benchmarks. 

Monitoring Notifications

Policies can be managed to receive critical notifications on a policy by policy basis as well as across a variety of policy portfolios.

Management Reminders

Includes system generated reminders such as gift reminders, Crummey Letters, premium reminders, and much, much more.

Carrier Monitoring

Comdex ratings are updated quarterly to identify carriers within the portfolio that have had a ratings change throughout the year.

Document Storage

Annual statements and other important policy documentation collected are archived and available anytime, anywhere at the click of a button.

Site Access

Policy owners have complete control over the access they provide to all related parties associated with their life insurance policy.

User Settings

Policy owners can set reminders, alerts, and grant viewing rights for individuals, trustees, and advisors associated with their policy.

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Who We Help Exceed

Proformex software was created to establish a new professional standard for all parties related to the life insurance sale. We help those looking for a dramatically better way to monitor, manage, and track their policies to ensure contracts perform as intended.

The Proformex Policy Holder Advocacy Program is designed to support Owners, Insureds, Grantors, and Beneficiaries.

The Proformex Policy Holder Advocacy Program is designed to support Owners, Insureds, Grantors, and Beneficiaries.

Policy Holders
The Proformex Policy Governance Solution is designed to support Trustees, Attorneys, CPA’s, Foundations, and Family Offices.

The Proformex Policy Governance Solution is designed to support Trustees, Attorneys, CPA’s, Foundations, and Family Offices.

Fiduciaries
The Proformex Policy Management System is designed to support Insurance Agents and Financial Advisors.

The Proformex Policy Management System is designed to support Insurance Agents and Financial Advisors.

Life Insurance Agents
 
Proformex helps wirehouses simplify the policy monitoring and review process so that their advisors can focus on what they do best.

Proformex helps wirehouses simplify the policy monitoring and review process so that their advisors can focus on what they do best.

Wirehouses
Proformex Process Platform is designed to support Insurance Carriers, Insurance Marketing Offices, and Insurance Agencies.

Proformex Process Platform is designed to support Insurance Carriers, Insurance Marketing Offices, and Insurance Agencies.

Insurance Carriers
 
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Are You Ready to Protect, Inform and Exceed?

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Our Information Database

The cornerstone of our mission is to better inform policyholders, fiduciaries, advisors, and others to help ensure each and every policy performs as intended. Information is power, so equip yourself today with the knowledge to insure your policy performs as intended by visiting our News and Insights page or our Resource Library today.

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