Monitoring inforce life insurance performance relative to the original performance expectations can be a difficult task for agents, advisors, trustees, and fiduciaries trying to protect their clients’ interests. Proformex was created to make inforce policy management easy. Our intuitive platform helps you monitor, analyze, and manage the performance of your clients’ life insurance policies in a single, distribution-agnostic platform.
Video Transcript
Did you know your could sell your life insurance policy for cash?
It’s called life settlement and it’s the sale of an unwanted life insurnace policy to a third party for an amount that is higher than the policy’s cash surrender value, and less than the death benefit.
Often, the life insurance policyholder has decided they can no longer keep it due to unaffordable premiums or a change in life circumstances.
But, rather than surrendering the policy or letting it lapse for no return, they can sell it for cash as a life settlement.
Proformex is dedicated to helping anyone that is interested in learning more about life settlements. Whether you no longer need the insurance, are consolidating an estate plan, or just want to leave your legacy during your lifetime.