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The Issue

Reactive Policy Management

Over time, unmonitored factors such as cost of insurance, premium timing fluctuations, and crediting rate adjustments can cause changes inside the contract which can lead to …

Premium Modifications
Death Benefit Changes
Coverage Length Adjustments
Liability Concerns
Client Dissatisfaction

The Reactive Problem

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

The Solution

Proformex PolicyGuard

Proformex PolicyGuard ensures your life insurance contracts are actively managed each year so you have the timely policy information you need to make informed decisions.

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 PolicyGuard was designed in response to this disconnect as turnkey solution to solve the problem of ongoing policy monitoring and fiduciary management support.

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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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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.

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Policy Benchmarking
Five policy benchmark values which have the greatest impact on policy performance are monitored.
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Policy Tracking & Alerts
Important policy dates, such as premium payments, term conversions, and policy lapse ages are consolidated and displayed across the entire portfolio.
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Policy Reporting
Each policy receives an annual policy report, providing an annual snapshot of the policy’s performance against it’s benchmarks.
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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.
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Management Reminders
Includes system generated reminders such as gift reminders, Crummey Letters, premium reminders, and much, much more.
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Carrier Monitoring
Comdex ratings are updated quarterly to identify carriers within the portfolio that have had a ratings change throughout the year.
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Document Storage
Annual statements and other important policy documentation collected are archived and available anytime, anywhere at the click of a button.
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Site Access
Policy owners have complete control over the access they provide to all related parties associated with their life insurance policy.
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User Settings
Policy owners can set reminders, alerts, and grant viewing rights for individuals, trustees, and advisors associated with their policy.

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.

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The Proformex Policy Holder Advocacy Program is designed to support Owners, Insureds, Grantors, and Beneficiaries.
Policy Holders
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The Proformex Policy Governance Solution is designed to support Trustees, Attorneys, CPA’s, Foundations, and Family Offices.
Fiduciaries
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The Proformex Policy Management System is designed to support Insurance Agents and Financial Advisors.
Life Insurance Agents
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Proformex helps wirehouses simplify the policy monitoring and review process so that their advisors can focus on what they do best.
Wirehouses
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Proformex Process Platform is designed to support Insurance Carriers, Insurance Marketing Offices, and Insurance Agencies.
Insurance Carriers
Are You Ready to Protect, Inform and Exceed?

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.

Visit Our News and Insights Page

Visit Our Resource Library