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Why Proformex?
We Give You Confidence In Knowing.


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The Proformex Governance Platform

Our patent pending technology provides a turn-key solution for ongoing policy monitoring and fiduciary management support. 

Governance controls can be individually set according to the unique goals and objectives of each policy or across the entire portfolio. This allows all policies to be properly managed within desired parameters

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Policy Tracking

Proformex tracks five key policy performance guidelines with substantial impact on policy performance and analyzes each policy against these benchmarks. Standard default values are set for each guideline using an easy to understand color code system to call out if the policy is in the desired, acceptable or undesired range for each. Guideline values can be adjusted per policy at any time. We call this your unfair advantage to ensure policy success. 

Desired

Proformex Desired Standard for Lapse Age
100 or Higher
Undesired
94 or Lower

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Acceptable

The current death benefit, premium and policy credit rate are set as the ‘Acceptable’ values for initial tracking purposes

 

Undesired

Proformex
Desired Standard for Comdex rating is
85 or Higher
Undesired
69 or Lower

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Consolidated Alerts

Proformex has eased the management of blocks of policies with our consolidated portfolio alerts. Important policy information is available on the homepage for easy access. Additional dashboards allow users to quickly view other policy management information, such as policies by ownership type or premium gifts for upcoming months.

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Policy Reporting

The Proformex software system permits the warehousing of contracts from any carrier while giving you the ability to track specific policy information across individual, corporate and trust owned life insurance policies. Our reporting capabilities are dividing into three distinct levels, which combined gives you the most comprehensive view of each policy in your portfolio.

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Protocol Governance Advisors

Proformex’s policy management software, and third-party reporting will never replace the knowledge and insight of seasoned insurance consultants.  That is why we include the services of the Protocol Governance Advisors for every level 3 report.      

Benefits of having a Protocol Governance Advisor:

 
  • Regional support available for face-to-face meetings nationwide
  • Commitment to long-term proactive management
  • Industry leading product knowledge
  • Works directly with policy owners to provide needs-based recommendations
  • Ability to integrate live policy data feeds with select Insurance Companies
 
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The Proformex Dashboard

Proformex’s Consolidated Dashboard provides the insight and necessary tools for simplified long-term proactive policy management.

Customizable Configuragtion

Customizable Configuration

Searchable Data

Searchable Data

Holistic Viewing

Holistic Viewing

Fiduciary Functionality

Fiduciary Functionality

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Additional Benefits of the Proformex Platform

Policy Guidelines & Benchmarking

Many policies may not be performing as they were designed to perform when they were sold. Proformex allows policy owners to set guidelines for their policies and the system alerts owners when the policy falls below those guidelines. This happens automatically, every year.

Document Storage & Retrieval

Copies of insurance policies, Annual Statements, policy illustrations, trust documents and all other policy related materials can be archived in folders within Proformex. These documents are safely stored and always accessible.

Carrier Monitoring

Comdex ratings are updated quarterly to identify any carrier within the portfolio that have rating changes throughout the year.

Management Reminders

Proformex can send system generated reminders such as Gift reminders, Crummey Letters, premium reminders or custom reminders can be created on an individual policy basis.

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