In the webcast video below, our Customer Success Manager, Mitchell Poch, chats with Scott Cahill, Senior Vice President of Fulcrum Partners. They talk about how having a single system of record for all your inforce policy data helps to institutionalize your book of business, leading to much more efficient and effective succession planning when the time comes to transition out of your practice. Give it a listen!
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Compliance and Scalability for Financial Institutions
By Admin on Mar 2, 2021 1:39:25 PM

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Whiteboard Wednesdays with Kevin Kelley - Part V
By Admin on Feb 23, 2021 3:41:58 PM
In the fifth installment of our Whiteboard Wednesdays series, our Life Insurance Specialist, Kevin Kelley, talks about the 7702 tax code revisions that went into effect early this year. Hear how advisors can leverage these changes to delight clients who meet certain criteria, and why having a centralized location for all client data gives advisors an advantage when it comes to strategizing their approach.
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Case Study: CBS Brokerage, LLC
By Admin on Feb 9, 2021 10:24:51 AM
CBS Brokerage, LLC provides product expertise, advanced planning, and risk management services to a multitude of independent advisors, fiduciary advisors, and specialty insurance firms. They're committed to providing their downline advisors with access to state-of-the-art technology solutions that enable them to sell and manage life insurance more efficiently and more effectively.
See how CBS and one of their downline advisors leveraged Proformex's in-app lapse pending policy alerts to get a client's policy back on track and even sell an additional policy to that client.
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Webcast - Joslyn Druvenga
By Admin on Jan 29, 2021 1:55:32 PM
In the webcast video below, our Director of Customer Success, Niko Kantouros, chats with Joslyn Druvenga, Senior Vice President of CBS Brokerage, LLC. They talk about why proactive inforce management is crucial to fulfilling fiduciary duty and mainintaing clients' best interests as well as how technology helps to save time on tedious, manual tasks and identify risks and opportunities that can turn into revenue-generating activities. Check it out!
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Whiteboard Wednesdays with John Borsi - Part IV
By Admin on Jan 19, 2021 10:06:04 AM
In the fourth installment of our Whiteboard Wednesdays series, our Sr. Data Engineer, John Borsi, talks about the concept of community as it relates to data. For Proformex, a data community has three elements - security, interoperability, and a common purpose. Hear John's explanation in the video below to learn more about how we're continuing to build this data community for life insurance.
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Whiteboard Wednesdays with Kevin Kelley - Part III
By Admin on Dec 14, 2020 3:27:38 PM
In the third installment of our Whiteboard Wednesdays series, our resident life insurance expert Kevin Kelley talks about the inherent advantages and disadvantages associated with the different policy types. He illustrates the critical need for ongoing, proactive policy performance monitoring and offers insight on an easier way to achieve it. Check it out below!
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Webcast - Justin Nabity
By Admin on Dec 7, 2020 2:35:26 PM
In the webcast video below, our Director of Customer Success, Niko Kantouors, chats with our customer, Justin Nabity, Founder/CEO of Physicians Thrive, about his background in the life insurance industry and why his company chose to leverage Proformex for better inforce policy management. Give it a listen!
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Webcast - Cindy Bojanski
By Admin on Dec 7, 2020 11:46:54 AM
In the webcast video below, our Customer Success Manager, Max Posner, chats with our customer, Cindy Bojanski, Senior Analyst/VP of Sales at Insurance Design Management, about her background in the life insurance industry and why Proformex is her organization's inforce management tool of choice. Check it out!
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4 Simple Steps to Achieve Seven-Figure Sales with Inforce Policy Management
By Admin on Nov 17, 2020 11:04:40 AM

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Webcast - TJ Davis
By Admin on Oct 27, 2020 4:34:39 PM
In the webcast video below, our Customer Success Manager, Alyse Krevh, chats with our customer, TJ Davis, President and Financial Advisor at Finley Davis Financial Group, about his background in the life insurance industry, some of the emerging trends in our industry, and why he and his team chose to use Proformex as their proactive inforce policy management tool Check it out!
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Virtual Event Designed to Guide Life Insurance Community Through Changing Times
By Admin on Oct 1, 2020 9:22:26 AM
Leading Life Insurance Software Provider, Proformex, Hosting
Inforce 2020 event featuring expert insights on growing revenue and profits
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Putting with Pepe - Episode 15
By Admin on Sep 25, 2020 10:14:50 AM
It's time for another episode of our beloved #PuttingWithPepe series!
In the 15th episode, we introduce you to one of our board members and investors, Dave Zelman. Dave is a born and bred Clevelander and one of our early-stage investors. With his background in retail brokerage, he brings unique expertise and offers great advice to help us continue scaling. We appreciate your confidence in our people and our platform, Dave!
Learn more about Dave in the interview below.
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Proformex Celebrates Life Insurance Awareness Month
By Admin on Sep 1, 2020 7:00:00 AM
September is life insurance awareness month – how are you honoring it this year?
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Proformex and NAIFA Partner to Protect Consumers of Life Insurance
By Admin on Aug 18, 2020 7:45:51 AM
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Proformex and Ensight Team Up to Transform Life Insurance Inforce Policy Monitoring
By Admin on Aug 12, 2020 8:32:00 AM
Ensight’s API platform advances transparency and oversight for insurance agents and financial advisors
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Putting with Pepe - Episode 14
By Admin on Aug 7, 2020 9:14:14 AM
It feels like our last episode of #PuttingWithPepe just happened, but we're back already with the next one. If that doesn't sum up what the passage of time feels like in 2020, we don't know what does.
In any case, we're happy for you all to meet Joyce Khouri, our incredible bookkeeper and office manager! She is one of the most fun (and funny) people to talk to, and we don't know what we would do without her.
Get to know Joyce in the video below! You may also notice we've changed the look and feel of our #PuttingWIthPepe videos - we'd love your feedback on these enhancements.
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Webcast - Brittany Massaro
By Admin on Jul 14, 2020 10:58:20 AM
In the webcast video below, our Customer Success Manager, Max Posner, interviews our customer, Brittany Massaro, Brokerage Manager at Coastal Insurance Consulting. They discuss her background in the life insurance industry, emerging trends, and how she and her team have leveraged Proformex for a better, more consistent policy review experience. Check it out below!
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Putting with Pepe - Episode 13
By Admin on Jul 10, 2020 8:51:09 AM
Here we go again! Episode 13 of #PuttingWIthPepe is here!
In this episode, you'll meet our Director of Talent Acquisition, Royce Vanderbilt. He has been instrumental in helping us develop our company's culture, and we appreciate all the work he does to help us build out our teams.
And if you know Royce, you know he has a pretty cool scuba diving story. If you don't know Royce, you should definitely ask him about it.
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Webcast - Will Cassidy
By Admin on Jul 1, 2020 3:19:29 PM
In the webcast video below, our Founder and President Mike Pepe chats with Will Cassidy, President of Cassidy & Company, LLC. Will participates in a Lion Street study group and he shared some great insights with that study group earlier this year. Hear Will share those insights about inforce policy management and insurtech again in the video clip below!
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Proformex Publishes Reg BI Resources Center Ahead of SEC Compliance Date
By Admin on Jun 25, 2020 8:20:38 AM
InsurTech startup compiled its own resources and other reliable industry source material to help educate customers and peers about what SEC Reg BI entails
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Stephen Lance Joins Proformex
By Admin on Jun 16, 2020 8:30:00 AM
Experienced SaaS startup sales strategist brings his expertise to the nation’s fastest growing life insurance technology software company
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Putting with Pepe - Episode 12
By Admin on Jun 8, 2020 11:30:00 AM
Episode 12 of #PuttingWithPepe is here! In this episode, you'll meet Kyle Holdsworth, another one of our Account Executives. Kyle was on track to run the Cleveland Marathon this year, but COVID-19 had other plans. So Kyle and some other runner friends teamed up to create a virtual half marathon, Dash for Donations, where all proceeds raised went directly to the Cleveland Clinic cancer research fund. In total, $10,000 was raised in less than a month's time - way to go, Kyle!
Though the virtual race is over, the website remains open for more donations: give.ccf.org/dashfordonations.
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Case Study: Larkins & Larkins, LLC.
By Admin on May 15, 2020 9:42:32 AM
Larkins & Larkins, LLC. - a specialty life insurance brokerage - leverages Proformex to provide their high net worth clients with an invaluable asset: peace of mind.
In the case study below, we explore how Bob and Anne Larkins used Proformex to enhance their relationship with their existing client and gain entrée into the next generation of the insured's family. Check it out!
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Proformex Announces Partnership with InsMark to Mutually Enhance Service Offerings
By Admin on May 14, 2020 8:11:06 AM
Two industry-leading solutions collaborate to help life insurance producers work more efficiently and effectively in a rapidly changing environment
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Whiteboard Wednesdays with Kevin Kelley - Part II
By Admin on May 13, 2020 9:02:56 AM
In the second installment of our new Whiteboard Wednesdays series, our resident life insurance expert Kevin Kelley talks us through how COVID-19 might be impacting death benefits claims. Of course, it's always best to consult directly with your life insurance agent for any questions about your specific policy, but hopefully Kevin's words of wisdom can help put you at ease in this uncertain, uncomfortable time. Check it out below!
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Industry Alert: SEC Will Not Postpone Reg BI Compliance Date
By Admin on May 11, 2020 9:42:03 AM
COVID-19 has changed so much in so little time, but the Reg BI compliance date of June 30, 2020 remains the same.
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Putting with Pepe - Episode 11
By Admin on May 8, 2020 10:58:59 AM
Can you believe we've made it to episode 11 of our fan-favorite #PuttingWIthPepe series?! In this episode, you'll meet Alexa VanMaaren, Account Executive. Alexa is a NY transplant who brightens up our office with her friendly, positive attitude and infectious smile. Learn more about her in the video below!
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Webcast - Ken Leibow, InsurTech Express
By Admin on May 5, 2020 4:11:31 PM
In the webcast video below, our Founder Mike Pepe chats with Ken Leibow - Founder, Chairman, & CEO of InsurTech Express - about how COVID-19 is impacting the life insurance industry, the challenges and opportunities he sees for producers, and why inforce policy management is more important now than ever before. Hear their insights in the video below!
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Webcast - Izzy Brettler
By Admin on Apr 29, 2020 4:10:55 PM
In the webcast video below, our Customer Success Manager, Max Posner, interviews Izzy Brettler, Vice President of Arbor Group. The two of them discuss Izzy's background in the life insurance industry and the ways in which our industry needs to adapt during the ongoing COVID-19 crisis. Hear their thoughts below!
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Webcast - Cathy Neifeld
By Admin on Apr 28, 2020 11:17:07 AM
In the webcast video below, our Founder and President Mike Pepe chats with Cathy Neifeld, Partner and General Counsel at AgencyONE. They cover everything from how AgencyONE evolved into the business it is today, the current state of the life insurance industry, and why inforce policy management is important. Watch below to learn more about Cathy!
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Achieving a Sense of [Cyber] Security in Challenging Times
By Admin on Apr 21, 2020 8:44:03 AM
3 information security and vendor risk management considerations during this time of crisis
By: Chris Luse, CISO, Proformex
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Whiteboard Wednesdays with Kevin Kelley - Part I
By Admin on Apr 15, 2020 9:13:38 AM
We are so happy to introduce our newest vlog series, Whiteboard Wednesdays with Kevin Kelley! Kevin is our Sr. Life Insurance Specialist, and we thought sharing his insights regarding the current state of the life insurance industry amidst the COVID-19 crisis would be helpful to our industry peers. In this first installment, Kevin reviews why policy monitoring is so important and what you can do to manage it more efficiently and effectively. Check it out below!
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Living Our Values and Aspiring to Help People Help People: Part V, Protecting Your Time and Focusing on What Matters Most
By Admin on Apr 14, 2020 9:10:25 AM
Our fourth and final aspiration to be helpful to our clients in these unprecedented times is perhaps the most important. Discover why in the post below:
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Webcast - Randy Hester
By Admin on Apr 13, 2020 1:07:54 PM
In the webcast video below, our Customer Success Manager Max Posner chats with Randy Hester - Managing Member of Universal Insurance Group, LLC - about his background in life insurance, the impact of COVID-19 on our industry, and the ways in which he leverages our platform to deliver the best possible outcomes to his clients. This is an interview you don't want to miss; watch below!
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Living Our Values and Aspiring to Help People Help People: Part IV, Accelerating Speed and Access to Information
By Admin on Apr 9, 2020 12:16:08 PM
The third aspiration we have as an organization to be of utmost service to our clients in these challenging times is by accelerating speed and access to information, especially when time is of the essence. Read more below:
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Living Our Values and Aspiring to Help People Help People: Part III, Simplifying Complexity
By Admin on Apr 7, 2020 1:37:07 PM
Another aim we have as an organization to help you tread water as the situation at hand continues to unfold is by simplifying complexity. See what we mean by reading below:
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5 Ways Proformex Leverages Technology, Industry Partners, and Data to Enhance Distribution
By Admin on Apr 6, 2020 12:30:24 PM
Proformex uses a combination of powerful technology, expansive industry partnerships, and robust data and analytics to transform life insurance distribution as we know it. Learn more in the video below!
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Webcast - Dustin Johnson, ORG
By Admin on Apr 6, 2020 12:21:58 PM
Proformex Founder Mike Pepe interviews Dustin Johnson, EVP of Marketing &Chief of Staff at One Resource Group, chat about the COVID-19 crisis and its impact on the life insurance industry as a whole. They both had some great insights to share, so give it a listen below!
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Putting with Pepe - Episode 10
By Admin on Apr 6, 2020 12:00:27 PM
We're back with another episode of our beloved series #PuttingWithPepe! In episode 10, Founder Mike Pepe interviews Anthony Moeglin, one of our Account Executives. Learn more about Anthony in the video below!
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Case Study: Equitable Advisors
By Admin on Apr 3, 2020 10:25:55 AM
Randy Hester - Managing Member of Universal Insurance Group, LLC - received a new client whose policy was previously orphaned. In his initial investigations into the client's policy performance, he noticed a few red flags. Read on in the case study below to see how Randy then leveraged a policy review from Proformex to identify product alternatives and ultimately take the corrective actions needed to get the policyholder back on track per his unique financial goals and objectives.
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Living Our Values and Aspiring to Help People Help People: Part II, Providing Certainty and Comfort in Uncertain Times
By Admin on Apr 2, 2020 10:19:47 AM
As mentioned in Tuesday’s blog post, we wanted to share more detail around four aspirations we have as an organization to be helpful to our customers and their clients in this unprecedented time. The first way in which we are aspiring to help is by ensuring certainty and comfort.
Read more below:
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Living Our Values and Aspiring to Help People Help People
By Admin on Mar 31, 2020 10:32:59 AM
With all the chaos, uncertainty, and stress of the world around us, we keep returning to one of our missions: To help protect the millions of people who rely on life insurance for financial safety and security.
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White Paper: COVID-19 and the Life Insurance Industry
By Admin on Mar 26, 2020 11:05:48 AM
Proformex Founder Mike Pepe explains how the novel coronavirus is impacting the life insurance industry
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Kevin's Korner: Leveraging Proformex to Stay Informed
By Admin on Mar 25, 2020 11:16:29 AM
Introducing our newest blog series: Kevin's Korner. In addition to our Founder Mike Pepe, Kevin Kelley is one of our resident insurance experts with decades of experience in the life insurance industry. We thought he could offer valuable insights, especially regarding the impact of COVID19 on our industry right now. Read below for the first installment of this series in which Kevin explains how recent economic upheaval might be impacting VULs, IULs, and ULs, and how Proformex might help!
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Proformex Pioneer - Ken Leibow
By Admin on Mar 19, 2020 12:06:45 PM
It’s time for another monthly installment of our Proformex Pioneer award! For the month of March, we decided to honor our good friend Ken Leibow. Ken is equally knowledgeable and enthusiastic about our industry, and we appreciate his positive presence (especially amidst these stressful, uncertain times) and his willingness to share a little bit more about himself with us. Read on below!
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Putting with Pepe - Episode 9
By Admin on Mar 6, 2020 1:05:00 PM
Happy Friday and #PuttingWithPepe day!! In episode 9, you'll get to meet the other beloved Pepe, Carmen! Carmen is one of our Associate Product Managers, and our Founder Mike is her husband. Hear more about Carmen's background in the video below.
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Proformex Attends North Coast Ventures Annual Meeting
By Admin on Mar 4, 2020 10:00:50 AM
Last week, our CEO Kristie Beck had the honor of presenting to North Coast Ventures about our successes in 2019 and our vision for 2020. The below excerpt was shared with fellow attendees after the night concluded:
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Proformex Attends the InsMark Annual Symposium
By Admin on Mar 3, 2020 10:50:24 AM
Last week, our team had the pleasure of attending this year's InsMark Symposium at the Red Rock Casino, Resort & Spa in Las Vegas.
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Webcast - InsurTech Express, Ken Leibow
By Admin on Feb 24, 2020 11:49:54 AM
In the video below, our Founder Mike Pepe chats with Ken Leibow, CEO and Founder of InsurTech Express, about his background in the life insurance industry and where he sees it going in the future. Hear his insights in the video below!
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Best Interest Regulations for Financial Institutions
By Admin on Feb 13, 2020 10:16:48 AM
Best interest standards regulations are sweeping across the country. But do they have different implications for different types of life insurance practitioners? In the video below, we explain the changing role of financial institutions and how best interest regulations come into play. Check it out!
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Putting with Pepe - Episode 8
By Admin on Feb 7, 2020 9:07:11 AM
Guess what day it is?! It's #PuttingWithPepe day! In the 8th episode of our series, you'll meet Ryan Tuley, our Director of Inside Sales here at Proformex. Learn more about Ryan and his background in SaaS sales in the video below.
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Case Study: LifeTrust3D
By Admin on Feb 4, 2020 6:31:00 AM
LifeTrust3D, one of the nation's premier life insurance consulting firms, needed a proactive inforce life insurance policy management solution. They sought an automated solution to help service their existing policies and allow them the resources, tools and capacity to continue scaling their business. To see how Proformex helps, check out our latest case study below.
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Webcast - AgencyONE, Gonzalo M. Garcia, CLU
By Admin on Jan 27, 2020 3:33:49 PM
In the video below, our Founder Mike Pepe chats with Gonzalo M. Garcia, CLU, Partner at AgencyONE about how the life insurance industry continues to change. Listen to their insights below!
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Webcast - One Resource Group, Dustin Johnson
By Admin on Jan 27, 2020 11:45:22 AM
Proformex Founder Mike Pepe interviews Dustin Johnson, EVP of Marketing & Operations at One Resource Group. Check out their insights on the industry and where it's headed in the video below!
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Consolidated Portfolio View
By Admin on Jan 24, 2020 11:39:21 AM
Do you find yourself struggling to get a clear line of insight across your entire portfolio? Our Founder, a former life insurance producer himself, experienced that challenge and built Proformex to solve that and provide a consolidated portfolio view. To see how it works, check out the video below!
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White Paper: 7 Reasons Policy Management is Good for You and Your Clients
By Admin on Jan 15, 2020 3:56:22 PM
Chief Marketing Officer David Morris highlights seven reasons policy management is good for life insurance professionals and their clients
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Proformex Pioneer - Gonzalo M. Garcia, CLU
By Admin on Jan 14, 2020 12:19:11 PM
Introducing the Proformex Pioneer award! This monthly initiative was developed to recognize the industry’s best and brightest. We want to shine a spotlight on the experts that keep the life insurance world moving forward and thank them for all their hard work.
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Putting with Pepe - Episode 7
By Admin on Jan 7, 2020 9:41:48 AM
Get to know our CFO! In the 7th episode of our #PuttingWithPepe series, Founder Mike Pepe chats with our CFO Bill Leonard about his background, his love for Cleveland, and where he sees Proformex going forward. Thanks for everything you do for us, Bill!
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The Power of Proformex
By Admin on Jan 3, 2020 12:06:33 PM
Technology is transforming our world. That's why we built our inforce policy management platform - to change the way life insurance policies are managed and sold. Our platform closes the pre-sale and post-sale loop. See the power of Proformex for yourself in the video below!
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Proformex ROI
By Admin on Jan 3, 2020 10:29:03 AM
Analyzing the ROI of any purchase can be an important decision-making factor, but this is especially true when it comes to software. In the video below, see how some Proformex customers generate up to a 300% ROI on their purchase of our platform.
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The People of Proformex Care for Their Community
By Admin on Dec 16, 2019 5:45:00 AM
Every year as the holidays draw near, people tend to seek out opportunities to give back. Whether through volunteering or donating, the holiday spirit inspires us to do something good.
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White Paper: It's Not About Getting Another 1%
By Admin on Dec 10, 2019 6:15:00 AM
President & Founder Mike Pepe reviews the importance of choosing partners wisely in the age of best interest standards
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Putting with Pepe - Episode 6
By Admin on Dec 5, 2019 10:38:25 AM
It's the most wonderful time of the month! Time for another installment of our #PuttingWithPepe series. In our 6th episode, Mike interviews Karoline Porter, our Customer Success Manager. We knew she was great with our clients, but who knew she had such strong short game, too?! She sank more puts than anyone else who has been interviewed so far! Check it out below:
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Prospecting to Centers of Influence (COIs)
By Admin on Nov 26, 2019 2:04:25 PM
There are many ways to prospect for new business, and one of those tactics is by leveraging centers of influence (COIs). Watch our video below to learn how implementing leading technology like Proformex can help you better prospect to COIs.
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Proformex Attends NAILBA38
By Admin on Nov 18, 2019 11:55:50 AM
Earlier this month, our team had the opportunity to attend NAILBA38 in Dallas.
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Proformex Attends NAEPC
By Admin on Nov 18, 2019 11:49:30 AM
Earlier this month, our team had the opportunity to attend the 56th Annual NAEPC Advanced Estate Planning Strategies Conference in Las Vegas.
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Putting with Pepe - Episode 5
By Admin on Nov 7, 2019 5:15:00 AM
You already know what time it is...it's time for more #PuttingWithPepe! In Episode 5, Mike interviews Niko Kantouros, the Head of Customer Success here at Proformex. Niko is a Clevelander through and through, and a great leader for our team. Learn more about him in the interview below:
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Independent Life Brokerage Agencies of the Future
By Admin on Nov 6, 2019 11:49:54 AM
As new technologies begin to surface within the marketplace, it's becoming increasingly important for agencies to identify and explore ways to implement these tools and resources for the benefit of their agents.
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Reinventing Life Insurance Distribution
By Admin on Nov 1, 2019 3:04:23 PM
The life insurance industry has proven to be one of the slowest industries to adopt and implement new technologies to improve the way we do business. But Proformex is changing that and bringing a hybrid human-technology model to the marketplace, transforming the way life insurance distribution is done. Learn more in the short video below!
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Proformex Attends WITcon 2019
By Admin on Oct 29, 2019 10:17:46 AM
Yesterday, the women on our team had the opportunity to attend the 2nd annual WITcon at the Great Lakes Science Center. This event is hosted by getWITit, an Ohio-based not-for-profit organization passionate and dedicated to creating change for women in tech.
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Putting with Pepe - Episode 4
By Admin on Oct 8, 2019 12:05:42 PM
Your monthly dose of #PuttingWithPepe is here! In Episode 4, we learn more about Patrick Sullivan, our Director of Product Management. He believes in doing work that's meaningful and delivering as much value as we can to our customers. Check his interview out below:
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What is a Life Settlement? An Introduction & Overview
By Admin on Oct 2, 2019 9:12:31 AM
A life settlement is the sale of a life insurance policy that the policyowner no longer wants or needs to a third party for an amount that is higher than the policy’s cash surrender value and lower than the death benefit.1 Although the life settlement industry itself is relatively new, the concept was originally introduced in court 108 years ago and has evolved over the past century into what we know it as today.
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Captive vs. Non-Captive Agents
By Admin on Sep 26, 2019 12:18:42 PM
When it comes to being either a captive agent or an independent agent, both offer different benefits and come with different challenges. In our video below, we outline some of the major differences between each agent type and demonstrate some of the ways our platform can support those agents who are transitioning from being captive to independent. Check it out!
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Proformex Attends IACON19
By Admin on Sep 23, 2019 9:49:18 AM
Over the weekend, team Proformex had the pleasure of attending IACON 2019 in Columbus, brought to you by the Ohio Insurance Agents Association. It was a fantastic event - from the opening kickball tournament to the closing tailgate for the OSU v. Miami (OH) game, and all the educational sessions and networking opportunities in between!
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Proformex Goes the Extra Mile(s) in SparkCleveland Step Challenge
By Admin on Sep 12, 2019 10:25:53 AM
One of the best ways to stay motivated is through a little friendly competition. Thanks to our friends at Oswald Companies and other mission-focused organizations like Spark 360 and ABC News Channel 5, some of that friendly competition has been introduced to the Cleveland Metro area in the form of the SparkCleveland Step Challenge.
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Introduction to Suitability
By Admin on Sep 9, 2019 10:32:13 AM
With new best interest standards regulations, producers must be able to demonstrate that their client recommendations and sales transactions are suitable. What criteria are used to define "suitable"? Learn more in the video below.
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Proformex Contributes to Downtown Cleveland Growth
By Admin on Sep 6, 2019 7:00:00 AM
According to the 2019 Downtown Cleveland Q2 Market Update, homegrown startups (like Proformex) have significantly impacted the city's growth over the last quarter. With the office being located right in the heart of downtown Cleveland at the North Point building, Proformex is one of the quickly growing local companies that's helping the city to attract a young, highly skilled labor force - especially in the SaaS and technology spaces. Cleveland now ranks 10th among the nation's largest cities for software developer growth, surpassing big names such as Denver, Austin and the Bay Area.
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Putting with Pepe - Episode 3
By Admin on Sep 5, 2019 7:00:00 AM
Back by popular demand, it's #PuttingWithPepe! In our 3rd episode of this series, our Founder Mike Pepe chats with our CTO Chris Sullivan about his background in the SaaS and software development spaces and how it all comes together now at Proformex. Check it out below:
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Putting with Pepe - Episode 2
By Admin on Aug 26, 2019 5:29:41 PM
The second installment of our #PuttingWithPepe video interview series is here! Our Founder Mike Pepe chats with CEO Kris Beck about her extensive background in SaaS startups and reasons for deciding to join the Proformex team. By the way, her short game appears to be incredible! Check it out below:
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Proformex Publishes Analysis of Life Insurance Best Interest Standards
By Admin on Aug 22, 2019 1:33:42 PM
CLEVELAND, Ohio – August 20, 2019 – 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, has published the white paper, “An In-Depth Look at Best Interest Standards for Life Insurance” .
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Webcast - Veralytic, Barry Flagg
By Admin on Aug 20, 2019 3:11:00 PM
Barry Flagg, Founder of Veralytic, chats with Proformex Founder Mike Pepe about the changing life insurance industry and what he thinks could still be improved in the future. Listen to their conversation below!
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Putting with Pepe - Episode 1
By Admin on Aug 12, 2019 5:27:00 PM
It's here! The very first episode of our video series #PuttingWithPepe is finished. In this episode, Proformex Founder Mike Pepe interviews Proformex CMO David Morris about his marketing and entrepreneurial experience in the SaaS space. He shares his primary philosophy with Mike, which is "Don't be afraid to fail". Check it out below:
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Patrick Sullivan Joins Proformex
By Admin on Aug 6, 2019 8:00:00 AM
Patrick Sullivan Joins Proformex
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Webcast: Lion Street, Scott Weber
By Admin on Aug 1, 2019 10:51:24 AM
Our Founder Mike Pepe had the opportunity to sit down with Scott Weber, VP of Practice Management & Technology at Lion Street, to discuss current events and topics within the life insurance industry. We'll be sharing individual questions clip by clip on all our social media platforms over the next few weeks, but to view the webcast in its entirety, please watch the video below!
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The Proformex Advantage Program
By Admin on Jul 30, 2019 11:14:46 AM
The Proformex Advantage Program is the New Standard for Life Insurance Management for banks, law firms, CPA firms, trust departments, family offices, and foundations that are looking to create better client outcomes while reducing their liability exposure. To learn more about this exclusive opportunity, watch the video below!
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First Financial Resources (FFR) Selects Proformex
By Admin on Jul 25, 2019 8:32:43 AM
CLEVELAND, Ohio – July 25, 2019 – 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 First Financial Resources (FFR) has selected Proformex as its premier policy management platform.
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Webcast - Tony Steuer
By Admin on Jul 24, 2019 3:08:00 PM
Proformex Founder Mike Pepe interviews Author & Financial Awareness Advocate Tony Steuer about the history of the life insurance industry and the changes we're seeing today. Listen to their conversation below!
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Proformex Rides For a Cure in VeloSano
By Admin on Jul 24, 2019 12:55:05 PM
This past weekend, a few members of our team participated in the annual VeloSano bike race in Cleveland. VeloSano is a year-round, community-driven fundraising initiative to support lifesaving cancer research at the Cleveland Clinic. Since the first event in 2014, more than $17M has been raised through VeloSano and 100% of those funds are hard at work in the fight against cancer.
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Putting with Pepe Production Underway
By Admin on Jul 18, 2019 1:57:04 PM
Due to the overwhelmingly enthusiastic response we received to our first episode of #PuttingWithPepe, we went ahead and ramped up production on the next few episodes a little ahead of schedule. Stay tuned for coming episodes where you'll get to know our CEO Kristie Beck as well as our CTO Chris Sullivan!
2 min read
One Resource Group (ORG) Selects Proformex
By Admin on Jul 8, 2019 8:20:00 AM
CLEVELAND, Ohio – July 8, 2019 – 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 One Resource Group (ORG) has selected Proformex as its premier policy management platform.
1 min read
Reg BI Requires Brokers and Advisors to be “Very Candid with How They Make Their Money”
By Admin on Jul 5, 2019 7:37:00 AM
Shortly after the passing of Reg BI by vote in the SEC on June 5, 2019, SEC Chairman Jay Clayton was interviewed by CNBC’s “Squawk Box”. In this interview, he clarified a few key differences between fiduciary duties and best interest standards.
2 min read
Turning Data Into Opportunities with Proformex
By Admin on Jul 2, 2019 7:58:00 AM
“It’s easier to retain existing clients than attract new ones,” – every sales professional at some point in their career.
1 min read
Supporting Fiduciaries with Proformex
By Admin on Jun 21, 2019 10:46:00 AM
Fiduciary obligation is one of the highest imposed by law. The possibility of breaching those duties is known as fiduciary risk. See how automating your inforce performance monitoring with Proformex can help reduce your exposure to that risk in the video below!
1 min read
Policy Reviews - Made Easy
By Admin on Jun 4, 2019 5:06:43 PM
Regardless of how many different life insurance carriers you contract with, Proformex can help securely consolidate all of your data and provide you with robust analytics, automated alerts and an overall better, more consistent client reporting experience. See how for yourself in the video below!
1 min read
SEC to Vote on Best Interest Regulations on June 5, 2019
By Admin on Jun 4, 2019 10:23:50 AM
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Webcast - inForce Insights, Chad Neifer
By Admin on May 23, 2019 3:05:00 PM
Founder of Proformex Mike Pepe sits down with Chad Neifer, Founder of inForce Insights to talk about ongoing inforce policy management and how to leverage technology to make it easier and more consistent. Listen to their conversation below!
1 min read
Kentucky Embraces Innovation in the Insurance Industry
By Admin on May 23, 2019 9:54:02 AM
KY Gov. Matt Bevin signs House bill 386
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Webcast - Trust Protector LLC, Marty Jensen
By Admin on May 15, 2019 3:03:00 PM
Marty Jensen of Trust Protector, LLC connects with Mike Pepe, Founder of Proformex to talk about fiduciary duty, best interest standards, and the future of the life insurance industry relative to these regulations. Listen to their conversation below!
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White Paper: How Technology is Changing the Policy Owner Experience
By Admin on May 13, 2019 7:33:00 AM
Are you leveraging technology to exceed policy owner expectations?
3 min read
Proformex CMO David Morris Featured in Target Marketing Magazine
By Admin on May 9, 2019 4:23:45 PM
3 Customer Experience Tips for Marketers to Reduce Churn
By: Jeanette McMurtry
Here’s the backdrop for our customer experience story. It takes most organizations months to onboard new employees to get them to full productivity. In fact, according to the Society for Human Resources Management, an effective onboarding program can take 12 months. (Opens as a PDF)
2 min read
Kris Beck Honored as Notable Woman in Entrepreneurship
By Admin on May 8, 2019 6:57:00 AM
Proformex CEO earns recognition for Crain's Cleveland Business 2019 Notable Women in Entrepreneurship award
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White Paper: Successful Prospecting - COIs
By Admin on May 6, 2019 3:14:01 PM
How are you generating new clients?
1 min read
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White Paper: Non-Professional Trustees - Do You Know What You're Getting Yourself Into?
By Admin on Apr 18, 2019 12:21:20 PM
When determining who should serve as a trustee, there's much to take into consideration. The person designated as such must be able to manage trust assets in an honorable, trustworthy manner. This person is also legally considered a fiduciary and will be held accountable to ethical and legal standards accordingly. To further understand those standards and possible ramifications if any duties are breached, download our latest case study.
2 min read
Dickenson & Associates Selects Proformex
By Admin on Apr 17, 2019 5:23:00 AM
Comprehensive insurance advisory firm leverages technology to automate policy performance monitoring and reporting
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Webcast - LifeTrust3D, Tate Groome
By Admin on Apr 12, 2019 2:56:00 PM
Tate Groome, President of LifeTrust3D, and Mike Pepe, Founder of Proformex, share ideas and best practices around irrevocable life insurance trust management. Listen to their conversation below!
1 min read
How Technology is Changing Policy Owner Expectations
By Admin on Apr 12, 2019 6:18:00 AM
Thanks to the advancement of technology, consumers have increased expectations for the products and service providers they use. This is no different for life insurance clients. They expect that when they purchase a policy, that policy will continue to meet their needs throughout the life of the contract and perform as expected, and it's up to you as the service provider to ensure that happens. See how automating policy performance monitoring through Proformex can help.
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White Paper: Life Insurance Policy Reviews
By Admin on Apr 10, 2019 11:26:40 AM
In a perfect world, your clients would proactively notify you anytime a life circumstance changes for them so that you could make any necessary adjustments to their life insurance policy. But since life insurance isn't likely to be top-of-mind for clients in most cases, an annual policy review is recommended to catch any changes. To learn more about how Proformex supports policy reviews, download our latest white paper.
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White Paper: Life Insurance - What You Need to Know
By Admin on Apr 8, 2019 12:28:34 PM
From assessing your needs to understanding the multitude of product types within the life insurance realm, there's a lot of information that policy owners need to know. In our latest white paper, we offer a high-level overview of everything you should know about life insurance. Download it below.
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White Paper: The Policy Review Dilemma
By Admin on Apr 4, 2019 1:09:01 PM
When was the last time you reviewed your clients' existing life insurance policies?
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Industry Expert Interview: David Sterling
By Admin on Apr 2, 2019 8:00:00 AM
During the 53rd Annual Heckerling Institute on Estate Planning, we had the opportunity to chat with David Sterling, Principal of Sterling Capital Resources. In this video, he discusses the importance of helping clients achieve the best outcomes possible. Hear more of his insights by watching the video below.
1 min read
How Millennials Are Impacting Online Life Insurance Sales
By Admin on Apr 1, 2019 10:41:21 PM
The truth may surprise you.
2 min read
White Paper: Fiduciaries - ILIT Responsibilities
By Admin on Mar 28, 2019 5:33:32 PM
There is a tremendous amount of responsibility tied to fiduciaries when it comes to irrevocable life insurance trusts. From ongoing trust management to ongoing policy management, a fiduciary is responsible for handling premium gifts, managing Crummey letters, filing tax returns, tracking policy performance, monitoring client circumstances, reviewing product alternatives, evaluating carrier strength and more. This puts the fiduciary at risk for liability exposure if all these responsibilities aren't consistently met. An automated solution for ongoing policy management like Proformex can help reduce that fiduciary risk. To see how, download our latest case study.
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Industry Expert Interview: Jamie Mendelsohn
By Admin on Mar 26, 2019 8:00:00 AM
Jamie Mendelsohn, EVP of Ashar Group, shares her insights with us regarding the accessibility of important policy information and an established review process. Both are crucial to being thoroughly informed on behalf of the client. To hear more of Jamie’s insights, watch the video below.
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Case Study: Lion Street
By Admin on Mar 21, 2019 11:10:11 AM
Lion Street recognized a need for consolidated inforce policy management, but understood that it would take far too much time, money and resources to build one themselves. They chose instead to partner with Proformex and are now delivering a better, more consistent client experience. Read more below:
3 min read
White Paper: The General Agencies of the Future
By Admin on Mar 19, 2019 5:17:27 PM
As new technologies begin to surface within the marketplace, it's becoming increasingly important for agencies to identify and explore ways to implement these tools and resources for the benefit of their agents. Agents are shifting their focus from commission plans to relationships with their clients, so the most successful agencies will be the ones who adopt cutting-edge technology that can support their agents and ultimately provide the best experience possible for clients. To learn more, check out our latest white paper.
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Industry Expert Interview: Jon Mendelsohn
By Admin on Mar 19, 2019 8:00:00 AM
In our Thought Leadership interview session with Jon Mendelsohn, CEO & Founder of the Ashar Group, he discusses the need for increased specialization within the industry as well as the importance of proactively monitoring the performance of a policy for its entire lifetime. Hear more of Jon’s insights by watching the video below.
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Webcast - Ashar Group, Jon Mendelsohn
By Admin on Mar 14, 2019 2:48:00 PM
Proformex Founder Mike Pepe and Ashar Group Founder & CEO Jon Mendelsohn share their insights around the life insurance industry, specifically in regards to life settlements. Listen to their conversation in the video below!
4 min read
White Paper: Succession Planning - How Technology Increases Business Valuations
By Admin on Mar 13, 2019 9:50:01 PM
As the insurance industry ages, it's important for independent insurance agents and brokers to consider their plans for their practices upon their retirement. The techniques used to measure and value life insurance practices are very straightforward and dependent upon detailed company history in three areas: assets, earning value, and market value. By implementing a technology that stores all this relevant information for you, you're able to clearly define the success of your practice and get the best possible value for it when it comes time to sell. To learn more, read our latest white paper below.
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White Paper: Non-professional Trustees: ILIT Responsibilities
By Admin on Mar 13, 2019 9:44:20 PM
Even though most non-professional trustees are designated based on their personal relationships rather than life insurance experience, they are still legally held to the same standards as fiduciaries. Without industry knowledge and experience, some non-professional trustees may not fully understand the scope of their responsibilities and the potential for liability exposure that they face if they are not establishing a process for ILIT management. To learn more about these responsibilities, check out our latest white paper below.
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Industry Expert Interview: Marty Jensen
By Admin on Mar 12, 2019 8:00:00 AM
Marty Jensen, Chairman of PMI Advisors, discusses some of the unique instances he sees within his business working with family offices for comprehensive wealth management. For him, it’s crucial not only to maintain insurance policy performance, but to continuously maintain client expectations through frequent, transparent communication. To hear more of Marty’s insight, watch the video below.
1 min read
Non-Professional Trustees
By Admin on Mar 7, 2019 9:20:00 AM
Since most non-professional trustees don't have insurance industry experience, many of them may be unaware of all the responsibilities entrusted to them as well as the potential for liability exposure. In this video, we outline what exactly is required of non-professional trustees. To learn more about how Proformex supports non-professional trustees, watch the video below and visit our website.
4 min read
White Paper: Fiduciary Duty
By Admin on Mar 6, 2019 7:48:51 AM
Fiduciary duty is both a duty of loyalty and a duty of care. Since it's one of the highest obligations imposed by law, the potential consequences of failing to uphold this standard of care can be severe.
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Case Study: Zaverl & Associates, Inc.
By Admin on Mar 5, 2019 2:39:10 PM
Zaverl & Associates, Inc. has been around for nearly four decades. As a result, it quickly became impossible for them to manage life insurance policy performance across their entire book of business. See how Proformex helped to automate inforce policy management for them and help identify new business opportunities.
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Industry Expert Interview: Michael Seltzer
By Admin on Mar 5, 2019 8:00:00 AM
During the 53rd Annual Heckerling Institute on Estate Planning, we had the opportunity to interview Michael Seltzer, Founding Member & Principal of Verite Group. In this video, he discusses the importance of maintaining credibility and always doing the right thing for his clients to ensure their satisfaction. Watch the full-length video below to hear more from Michael.
1 min read
Fiduciary Risk
By Admin on Feb 28, 2019 9:36:03 AM
In this video, we review the responsibilities of a fiduciary and define who can legally be considered a fiduciary. Furthermore, we explore the high standards to which fiduciaries are held and the potential consequences that may arise when a fiduciary falls short of said standards. To learn more about how our inforce policy management platform helps to minimize fiduciary risk, watch the video below.
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Industry Expert Interview: Richard Harris
By Admin on Feb 26, 2019 8:00:00 AM
Richard Harris, Owner of Richard Harris LLC, discusses the ways in which he protects his client’s policies from lapsing. As a consultant, it’s important for him to be able to provide his clients with detailed analytics and extensive information regarding their life insurance policy and products so that they’re armed with enough education to make the right choices when it comes to their contracts. To hear more of Richard’s insight, watch the video below.
2 min read
White Paper: Trustees Must Adhere to Strict Fiduciary Duties
By Admin on Feb 19, 2019 9:00:23 PM
Trustees are legally considered fiduciaries and are thus held to strict fiduciary duties. Managing trusts can be complicated and time-consuming enough as it is, with various investments and assets of considerable worth. And on top of that, you have to make sure you're following industry best practices and helping trust beneficiaries achieve best possible outcomes.
It sounds overwhelming, but it doesn't have to be. Our team has created a handy guide to help you understand exactly what is required of you and how to best approach managing the trust.
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Industry Expert Interview: Thomas Bishop
By Admin on Feb 19, 2019 8:00:00 AM
Thomas Bishop, Owner of The Bishop Company LLC, shares his thoughts with us regarding the life insurance industry and the importance of a proactive approach to policy management. It’s much better to be aware of changes that can negatively impact the way a policy performs before those changes happen. For more of Tom’s insight, watch the video below.
1 min read
Introduction to the Best Interest Standard
By Admin on Feb 13, 2019 3:02:39 PM
Fiduciaries are obligated to always act in the best interest of their clients. The possibility of a fiduciary failing to do so is referred to as fiduciary risk. Watch this video to learn more about how Proformex helps fiduciaries avoid that risk.
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Industry Expert Interview: Bill Boersma
By Admin on Feb 12, 2019 8:00:00 AM
In our Thought Leadership interview session with Bill Boersma, Owner of the OC Consulting Group, Bill emphasizes the importance of ongoing policy management. Without a system in place for monitoring policies, it can be very easy for something to slip through the cracks and cause irreparable damage. For Bill, it’s important not to let that happen. Hear more of his insight at the video below.
2 min read
White Paper: ROI of Policy Reviews with Proformex
By Admin on Feb 12, 2019 7:26:00 AM
Annual policy reviews are time-consuming and costly. Imagine how you could reallocate your time and resources and put them to better use if you had a way to automate the policy review process.
1 min read
Introduction to Succession Planning
By Admin on Feb 7, 2019 3:35:02 PM
In order for succession planning to be seamless, life insurance agents must have an established process that addresses the biggest concerns for potential buyers of their practice. They must provide visibility to continued policyowner loyalty and future revenue potential among a multitude of other key components of the practice’s business. Proformex digitizes your entire book of business and helps agents give potential buyers the data they need. Learn more about how Proformex helps with succession planning in the video below.
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Industry Expert Interview: Nick Bowman
By Admin on Feb 5, 2019 8:00:00 AM
During the 53rd Annual Heckerling Institute on Estate Planning, we had the chance to catch up with Nick Bowman, Advanced Market Specialist of Lion Street, and gather some of his insights about some of the bigger issues facing the industry today. From his perspective, he feels that a lack of transparency and a lack of second and third-generation producers coming in are two of the biggest challenges that the industry needs to overcome. To hear more, watch the video below.
2 min read
Proformex ROI: New Business Opportunities
By Admin on Feb 5, 2019 7:54:00 AM
Are you missing out on new business opportunities with your current clients? Don’t wait until your annual reviews with your clients to find potential sales. Learn more about how Proformex can help you quickly identify these opportunities for easy sales.
1 min read
Introduction to Proformex for General Agents
By Admin on Jan 30, 2019 7:40:00 AM
Wondering how you can better attract and retain sales as a general agent? Our platform can help. With changes in state insurance regulations and increased product performance concerns, inforce policy management is becoming a major issue for the life insurance industry. GAs who have implemented automated inforce policy monitoring systems are benefiting not only in recruiting new producers, but also in increased production. Watch our latest video to learn more about how you can do the same.
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1 min read
David Morris Joins Proformex as Chief Marketing Officer
By Admin on Jan 23, 2019 9:24:00 AM
Experienced entrepreneur and marketing executive brings strategy and vision
1 min read
Proformex Supports ILIT Management
By Admin on Jan 21, 2019 10:36:25 AM
Whether you're a professional or non-professional trustee, you are held to strict fiduciary standards. Proformex can help you avoid unintended breach of those fiduciary duties. Did you know Proformex can help to establish processes to ensure that you're exceeding the standards to which you are held as a trustee? To demonstrate how Proformex supports ILIT management, we created the following video. Check it out to learn more about how we can help!
1 min read
Annual Policy Reviews, Automated with Proformex
By Admin on Jan 17, 2019 7:30:00 AM
Annual policy reviews are essential to ensuring that policyowners' expectations are met. But they're both time consuming and costly. Did you know you that Proformex automates the policy review process and can even generate client-ready reports? By doing so, you'll save yourself time and money, and deliver a more consistent and comprehensive reporting experience to your clients. Watch our latest video to learn more about how Proformex helps with policy reviews.
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Case Study: Kohrman, Jackson & Krantz
By Admin on Jan 10, 2019 9:01:00 AM
A local foundation was gifted a $5M life insurance policy. When its premium payments increased 400% unexpectedly, Proformex quickly identified the problem and helped the foundation explore all their options to resolve this problem.
1 min read
New Year, New Platform Enhancements
By Admin on Jan 8, 2019 8:37:01 PM
Proformex designed a new platform for increased user-friendliness and navigability
1 min read
Nevada has followed New York’s lead, is your state next?
By Admin on Jan 2, 2019 8:57:00 PM
Toward the end of 2018, we shared with you a quick overview of the legislative changes made in New York regarding the “best interest” standard for fiduciaries that included a guide to help you determine what steps to take to prepare for said changes. Since then, Nevada state legislators have passed a law that requires all brokers and advisors to be held accountable to a strict fiduciary standard.
1 min read
Proformex Holiday Philanthropy Gives New Meaning to Christmas “Miracle”
By Admin on Dec 20, 2018 3:16:59 PM
‘Tis the season of giving! Corporate philanthropy is engrained in so many company’s cultures, and our culture at Proformex is no different. One of our core values is being “purpose-driven” in every sense of the word. In addition to being ambitious professionally, our team is always seeking out opportunities to make a difference in the lives of others both in our work and our community outreach efforts.
1 min read
BOULEVARD Selects Proformex
By Admin on Dec 19, 2018 7:22:32 AM
Financial planning firm invests in advanced technology for in force policy management.
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You’ve Purchased a Life Insurance Policy. Now what?
By Admin on Dec 18, 2018 7:52:10 PM
The process of researching, purchasing and maintaining a life insurance policy can be quite tedious and complex, but you don’t have to tackle it alone. Take a look at this handy guide put together by our friends at Forbes that walks you through the next steps.
1 min read
Introduction to Life Settlement
By Admin on Dec 14, 2018 9:00:00 AM
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.
3 min read
In Force Technology that Expects the Unexpected, and Alerts You When It Happens
By Admin on Dec 10, 2018 2:20:56 PM
The Crisis
Earlier this year, The Wall Street Journal published an article, “Universal Life Insurance, a 1980s Sensation, Has Backfired”. The author, Leslie Scism, dives deeply into the ongoing crisis faced by many aging policyowners: a long decline in interest rates has caused their premiums to rise exponentially.
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Industry Expert Interview: Jon Pinney
By Admin on Dec 7, 2018 9:00:00 AM
In our Thought Leadership interview session with Jon J. Pinney, Managing Partner of Kohrman, Jackson & Krantz, we discuss the state of the life insurance industry and the growing need for technologies that will help to automate cumbersome tasks and improve efficiencies. The Proformex inforce policy management platform is one of those technologies helping to advance the life insurance industry into a new era, and Mr. Pinney enjoys that the platform provides better transparency to his clients with detailed analytics and reporting. Hear more of his insights in the video below.
3 min read
New York State Expands Regulations for Fiduciaries
By Admin on Dec 3, 2018 2:04:10 PM
Change is coming from coast to coast following the precedent set by the New York State Department of Financial Services (DFS) in July. Are you prepared for the inevitable ripple effect throughout the rest of the US?
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Industry Expert Interview: Marc Byrnes
By Admin on Dec 1, 2018 9:00:00 AM
Marc Byrnes, Chairman of Oswald Companies, discussed all the ways in which he believes the life insurance industry can improve in this Influencer Interview session. Adopting better technology is one thing he would like to see the industry do more of in coming years. That’s why his company uses Proformex. Our inforce policy management platform helps Oswald Companies to ensure they’re providing the best service to their policyowners while also reducing their fiduciary risk. Listen to more of his expert advice in the video below.
1 min read
Proformex Moves to Downtown Cleveland
By Admin on Nov 29, 2018 10:49:16 AM
Life Insurance Technology Company Relocates to Larger Office Space
CLEVELAND, Ohio – November 27, 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 will relocate to Downtown Cleveland.
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Case Study: TDC Life
By Admin on Nov 28, 2018 9:00:00 AM
Tyler Horning and his firm, TDC Life, use Proformex to help mitigate fiduciary risk. In an age where regulations continue to become more stringent, it was important for Mr. Horning and his team to implement a comprehensive, consolidated solution for inforce policy management. Using Proformex to monitor performance on all their clients’ policies gives Horning and his firm peace of mind and helps to create new business opportunities. Learn more about why TDC Life chose Proformex in the video below.
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Case Study: Cavitch, Familio & Durkin Co.
By Admin on Nov 21, 2018 9:00:00 AM
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.
1 min read
Proformex Attends NAILBA37
By Admin on Nov 20, 2018 3:07:34 PM
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.
2 min read
Proformex Ensures Compliance with New York State Department of Financial Services’ Enhanced Regulations
By Admin on Nov 14, 2018 7:00:24 PM
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.
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Case Study: The TOLI Group
By Admin on Nov 14, 2018 9:00:00 AM
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.
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Platform Features Overview Video
By Admin on Nov 12, 2018 8:34:52 PM
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.
3 min read
Proformex Featured in Plain Dealer and on Cleveland.com
By Admin on Nov 7, 2018 11:57:42 AM
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:
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Case Study: Strickland, Nuske, Friend & Berry
By Admin on Nov 7, 2018 9:00:00 AM
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.
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Case Study: The Cleveland Foundation
By Admin on Nov 1, 2018 9:00:00 AM
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.
2 min read
Proformex Names Kris Beck Chief Executive Officer
By Admin on Oct 29, 2018 9:08:30 PM
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.
2 min read
Proformex Article Featured in Probate Law Journal of Ohio
By Admin on Oct 24, 2018 4:59:38 PM
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:
1 min read
Proformex Attends ACORD Connect 2018
By Admin on Oct 18, 2018 9:53:05 AM
Last week, our team had the pleasure of participating in ACORD Connect 2018, held in New Orleans, LA. This annual event is a great opportunity to network, discuss shifts and advancements in the industry and learn more about new marketplace solutions.
1 min read
InForce Policy Management
By Admin on Oct 14, 2018 9:00:00 AM
Monitoring inforce life insurance policy performance relative to the original performance expectations can be difficult. But it doesn't have to be. See how Proformex can help.
1 min read
Is Premium Financing Right for You?
By Admin on Oct 11, 2018 9:38:20 AM
When you’re looking to implement a life insurance policy, there are tons of options you’ll need to consider, from choosing which carrier you’ll get the policy from and which type of policy will best suit your needs. But the choices don’t end there. Did you know you have the option to finance your life insurance premiums? It’s a good option if you’re looking for alternatives to pay for those costly premiums. We finance just about everything else in our lives, so why not explore premium financing as another option? Watch this video to learn more about why this could be the right move for you.
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Case Study: Fiduciary
By Admin on Oct 7, 2018 9:00:00 AM
A well respected law firm with a significant trust practice had no comprehensive process for policy review. Learn how Proformex solved their reactive problem and created real differentiation from their competitors.
2 min read
Proformex Secures $3.1M in Funding to Expand Its InForce Policy Management Platform
By Admin on Oct 3, 2018 9:22:11 PM
WESTLAKE, Ohio, – October 4, 2018 – Proformex, creator of a proactive life insurance policy monitoring platform designed to give insurance agents, advisors, fiduciaries and trustees better oversight and visibility into the performance of inforce life insurance policies, today announced that it has officially closed on $3.1M in funding from the summer seed round. Investments were collected from several strategic investors who have connections into the life insurance industry and ancillary verticals.
1 min read
Proformex Attends the Insurance News Net Super Conference 2018
By Admin on Oct 2, 2018 12:51:02 PM
Last week, our team had the opportunity to attend this year’s Insurance News Net Super Conference. Insurance News Net is the source for breaking news and relevant information on the Life insurance, Health insurance, Property and Casualty industries. Every year, professionals from all these industries and more gather at the Super Conference to exchange insights and hear from top-notch keynote speakers.
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Case Study: Life Insurance Advisor
By Admin on Oct 1, 2018 9:00:00 AM
Find out how one advisor transformed his practice utilizing the Proformex system to ensure his clients' needs were met while creating new opportunities within his current book of business.
1 min read
How Proformex Can Help Amidst Crisis
By Admin on Sep 25, 2018 9:33:22 AM
Last week, The Wall Street Journal published an article, “Universal Life Insurance, a 1980s Sensation, Has Backfired”. The author dives deeply into the ongoing crisis faced by many aging policyowners: a long decline in interest rates has caused their premiums to rise exponentially.
1 min read
Announcing Our New Logo and Look!
By Admin on Sep 20, 2018 8:36:13 AM
Have you noticed anything different about us lately? By now, you should have! But if you didn’t yet, don’t worry; we promise not to engage in a weeks-long passive aggressive standoff with you over it.
0 min read
Proformex Overview [Video]
By Admin on Sep 17, 2018 11:07:00 AM
Interested in learning more about our inforce policy management platform? Check out the brief video below!
1 min read
Proformex Attends Plug and Play Summit
By Admin on Sep 13, 2018 8:54:28 AM
Last week, our team had the great pleasure of attending the Plug and Play Tech Center Summit in Sunnyvale, CA. Plug and Play Tech Center is “the ultimate innovation platform connecting the best startups and the largest corporations”. Mike Pepe, CEO and Founder of Proformex, and Chad Neifer, SVP of Key Accounts and Integration, had a great time networking with other entrepreneurial professionals in both related and unrelated industries.
1 min read
Miguel Zubizarreta Joins Proformex
By Admin on Sep 5, 2018 5:21:10 PM
Technology Expert Brings Experience to Proformex Team
WESTLAKE, Ohio – September 6, 2018 – Proformex, creator of an all-encompassing life insurance policy monitoring platform designed to give insurance brokerages and agents, fiduciaries and financial planners better portfolio oversight and control, today announced that Miguel Zubizarreta has joined its board of directors. Zubizarreta brings the technology and insurance industry experience needed to provide hands-on product development guidance to the Proformex team of highly skilled professionals.
2 min read
Insurance Industry Alert
By Admin on Aug 29, 2018 12:46:08 PM
Life Insurance Internal Changes and Their Impact on Policy Owners
2 min read
Chris Sullivan Joins Proformex
By Admin on Aug 20, 2018 5:13:16 PM
Chief Technology Officer Brings Product Development Experience to Proformex Team
WESTLAKE, Ohio – August 21, 2018 – Proformex, creator of an all-encompassing life insurance policy monitoring platform designed to give insurance brokerages and agents, fiduciaries and financial planners better oversight and visibility into the performance of inforce life insurance policies, today announced that Chris Sullivan has been chosen as the company’s chief technology officer. Sullivan brings more than a decade of experience in the software development field, having previously held executive positions at a number of companies.
3 min read
5 Common Areas to Uncover Life Settlement Cases Among Your Current Clients
By Admin on Aug 15, 2018 2:39:49 PM
One of the most frequently asked questions we receive when speaking with advisors is, “How do I identify life settlements cases?” Financial professionals and fiduciaries want to know how to best serve their clients but aren’t sure what situations are a good fit for a life settlement.
2 min read
The New Age Model of Life Insurance Management for Fiduciaries
By Admin on Aug 8, 2018 6:24:04 PM
As a fiduciary, you’re keenly aware that life insurance can often be the worst-performing asset of your clients’ financial portfolios, simply because they are so costly, complex and time-consuming to properly manage. Now more than ever, this industry is in desperate need of a fiduciary-oriented management process to resolve this pain point we’ve been facing for decades.
1 min read
Marc Byrnes Joins Proformex
By Admin on Aug 6, 2018 5:09:45 PM
Insurance Industry Vet Brings Expertise to Proformex Team
WESTLAKE, Ohio – August 7, 2018 – Proformex, creator of an all-encompassing life insurance policy monitoring platform designed to give insurance brokerages and agents, fiduciaries and financial planners better oversight and visibility into the performance of in force life insurance policies, today announced that Marc Byrnes has joined its Board of Directors. As an industry insider with extensive experience and expertise, Byrnes understands and validates the ongoing need for proactive life insurance policy management through powerful software that optimizes the process.
1 min read
Protecting Your Loved Ones from Costly Estate Taxes through an Irrevocable Life Insurance Trust (ILIT)
By Admin on Aug 1, 2018 4:21:36 PM
Buying a life insurance policy undoubtedly provides your beneficiaries with financial security when your life ends, but did you know you could also unknowingly leave them with exorbitant estate taxes?
2 min read
I’m an Insurance Advisor. Why Should I Learn About Life Settlements?
By Admin on Jul 25, 2018 9:29:14 AM
For many insurance advisors, learning about life settlements can seem overwhelming. It’s a relatively new industry with comprehensive regulations. There are countless other concerns taking up their time and energy. And, because many seniors aren’t aware of the life settlement option, insurance advisors may not see much demand for the information.
2 min read
Kris Beck Joins Proformex
By Admin on Jul 23, 2018 4:23:15 PM
New Chief Operating Officer Brings Rapid Growth Strategy Experience to Proformex Team
WESTLAKE, Ohio – July 24, 2018 – Proformex, creator of an all-encompassing life insurance policy monitoring platform designed to give insurance brokerages and agents, fiduciaries and financial planners better oversight and visibility into the performance of in force life insurance policies, today announced that Kris Beck has been elected as the company’s new Chief Operating Officer. Beck brings extensive product management, business process, and operational scaling experience from executive positions in both privately and publicly held companies.
2 min read
Lou Schneeberger Joins Proformex
By Admin on Jul 11, 2018 7:34:37 AM
Executive Chairman Brings Financial and Growth Acumen to Proformex Team and Board
WESTLAKE, Ohio – July 11, 2018 – Proformex, creator of an all-encompassing life insurance policy monitoring platform designed to give insurance brokerages and agents, fiduciaries and financial planners better portfolio oversight and control, today announced that the board has elected R. Louis Schneeberger as its Chairman of the Board. Schneeberger brings extensive software-as-a-service (SaaS) product development and commercialization experience in both private and public company senior executive positions.
1 min read
Proformex Named a 2017 Top 10 Policy Administration Solutions
By Admin on Apr 14, 2017 12:01:00 AM
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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Discovering a Family’s Purpose Can Save the Family a Fortune
By Admin on Jan 5, 2017 12:11:00 AM
Transferring wealth to future generations is most successful when the values of the generation who built the wealth are transferred as well. Wealthmanagement.com’s Steven Abernathy explains why helping families identify a shared purpose can serve as the foundation for helping wealth flourish for generations to come.
Read full article: Discovering a Family’s Purpose Can Save the Family A Fortune
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6 Problems Solved By Life Insurance
By Admin on Jan 5, 2017 12:08:00 AM
Creating instant capital via life insurance helps to solve a number of different problems families and business may face. Here’s a well put together list of six such problems that can be solved using life insurance.
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Proformex donates system to Campbell University’s New Wealth Management Center
By Admin on Jan 5, 2017 12:04:00 AM
To help further our mission of helping advisors and fiduciaries proactively manage life insurance policies for the benefits of their clients and their families, Proformex was honored to donate its TOLI accounting system Campbell University’s new First Citizen’s Wealth Management Center at the Lundy-Fetterman School of Business. The 7,250 square foot center center will serve as a learning lab, simulating an investment firm environment, a trading room, and a trust center.
Read more/Read the full article: Financial Lab Prepares Students with AV Upgrades
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Wealthmanagement.com’s Donald Kelly Reviews The Proformex System
By Admin on Jan 5, 2017 12:02:00 AM
From the very beginning, our policy management system was conceived and built to change the way policies are managed. Before we solidified our name Proformex, and our mission to protect, inform, and exceed, our system went by the name of the TOLI Vault. Wealthmanagement.com’s Donald Kelly, evaluates and scores our system andits ability to proactively manage life insurance policies.