Lindsey Smith of Cavitch, Familio & Durkin Co. was all too familiar with the anxieties that are often associated with life insurance policy management. Because he didn’t have a centralized location with well-organized data for all the policies entrusted to his company, he was not confident that policy performance was being properly supervised. Mr. Smith discovered Proformex and can now rest easy knowing that the Proformex inforce policy management platform is keeping close watch of all his clients’ policies and that he will be immediately notified if something falls off track. See how Proformex improves the firm’s operations through automation in the video below.

Earlier this month, our team had the pleasure of attending this year’s NAILBA conference, held in Orlando, FL. In addition to soaking up some sun, we had the opportunity to engage with industry peers and discuss some current hot topics of the life insurance world.

New professional platform designed specifically for fiduciaries

WESTLAKE, Ohio – November 15, 2018 – Proformex, creator of a proactive life insurance policy monitoring platform designed to give insurance agents, advisors and trustees better oversight and visibility into the performance of in force life insurance policies, today announced that its new professional platform will help ensure compliance with the New York State Department of Financial Services’ (DFS) new regulations for “best interest” standards.   

When a policyowner’s premium payment was not appropriately applied to his account, his life insurance policy became subject to lapse. Discover how Proformex helped keep the $2.5M policy in force.

Want to know what features you'll enjoy with the Proformex inforce policy management platform? Check out our new video to learn about what we offer from policy reporting and monitoring to a secure database for all your important documents.

 This past week, Proformex was featured in an article both in the Plain Dealer and on cleveland.com. The article, titled "Proformex of Westlake looking to move offices downtown", reads as follows:

One of the accounting firm’s clients made a material change to his policy, which nearly resulted in a loss of 30 years of coverage. Fortunately, Proformex helped the firm and the client avoid this potential catastrophe. Read more to learn how.

A local community foundation received a $5M life insurance policy as a donation, but shortly after receiving this gift, the policy became subject to lapse. See how Proformex helped keep the policy inforce.

Beck Brings Proven Record Leading Technology Companies

WESTLAKE, Ohio – October 30, 2018 – Proformex, creator of a proactive life insurance policy monitoring platform designed to give insurance agents, advisors and fiduciaries better oversight and visibility into the performance of in force life insurance policies, today announced that its board of directors has appointed Kris Beck as chief executive officer.

An article written by Proformex Founder and President Mike Pepe was featured in the September/October 2018 issue of the Probate Law Journal of Ohio. His article, titled “Proactive Life Insurance Policy Management Mitigates Risk for Fiduciaries”, can be found on pages 300-301. The full-length article reads as follows: