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White Paper: It's Not About Getting Another 1%

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

CLEVELAND, Ohio – December 10, 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 inforce life insurance policies, has published the white paper, “It’s Not About Getting Another 1%”.

This paper, written by Proformex President and Founder Mike Pepe, emphasizes the importance of choosing life insurance distribution partners wisely, and ensuring those partners are properly equipped to support you in all capacities. Rather than simply selecting the distribution partner with the higher commission payouts, Pepe challenges agents to make more informed decisions, especially with best interest standards regulations on the rise.

“Trying to manage your own book of inforce policies can be challenging enough as it is,” Pepe said. “Now given the added complexities brought on by best interest standards, it’s no longer something any one insurance producer can take on alone.”

Pepe also outlines a framework to help guide the decision process for insurance producers who are seeking distribution partners.

Read the White Paper

About Proformex

Proformex provides life insurance inforce policy management solutions to independent agents, financial advisors and trustees. Our carrier and distribution agnostic platform enables customers to securely store, manage and analyze their entire inforce book of business in one place. Designed to expedite the policy review process and proactively alert customers of potential problems with their client’s life insurance policies, Proformex protects policies against lapsing, degradation and asset erosion.

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