The Challenge
LifeTrust3D was created to provide exceptional inforce life insurance service and support to fiduciaries across the country. As their practice rapidly grew over time, monitoring and managing their clients’ life insurance policies became extremely labor-intensive and increasingly difficult to administer. While they weren’t immediately sure of a solution, one thing was clear. In order to continue scaling their business as they had been thus far, the folks at LifeTrust3D needed better tools and resources for inforce policy management.
The Solution
LifeTrust3D partnered with Proformex to provide proactive inforce life insurance policy management and fiduciary risk mitigation. This automated platform protects policies against lapsing, degradation and asset erosion. Proformex has enabled LifeTrust3D to securely store, manage and analyze all their clients’ policies in one place, as well as standardize and automate their policy review process with less administrative cost and time spent on compiling client-ready reports. Through Proformex, all the complexities of life insurance policy management are simplified, and that simplicity translates into a better overall client experience.
“We have combined our years of consulting experience with Proformex’s technology to provide an industry-leading solution to our clients.”
-G. Tate Groome, CFP, CLU, AEP, Managing Partner, LifeTrust3D
About LifeTrust3D
LifeTrust3D is the nation’s premier life insurance policy monitoring, management and consulting firm. They successfully combined the experience and knowledge of a third generation, family-owned insurance firm, and the world’s leading technology to provide a truly unique and value-packed solution for trustees, fiduciaries, grantors and beneficiaries when it comes to Trust-Owned Life Insurance and Annuities.
About Proformex
Proformex is a data and technology platform purpose-built for financial professionals and institutions to manage life insurance and annuity assets. With deep data and technology expertise, Proformex connects customers to critical information about their life insurance and annuity businesses and helps them make better informed, data-driven decisions. With Proformex, financial professionals have the technology tools needed to proactively manage life insurance and annuities and enhance value for their clients.