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Millang Financial Selects Proformex

Feb 6, 2019 10:42:46 AM

Financial services group automates policy performance monitoring with Proformex

CLEVELAND, Ohio – February 6, 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 Millang Financial, a financial services firm, has added the Proformex inforce policy monitoring platform to its offerings.

Prior to choosing to implement Proformex, the folks at Millang Financial were managing policy performance manually, reaching out to carriers directly for inforce illustrations on an individual basis. They quickly realized this process was far too tedious and started seeking out potential solutions.

“Proformex consolidates all our policies into a single platform,” said Josh D. Millang, Chief Executive Officer of Millang Financial. “Using this solution creates the efficiency we need to expand that area of our business. We are very eager to leverage this technology and reallocate our resources we’d been spending on policy performance monitoring previously to other areas of operation, ensuring delivery of excellent services and results to our customers.”

“We are honored to help customers like Millang Financial streamline their services for optimal operational efficiency,” said Mike Pepe, Founder and President of Proformex. “We built our platform to ultimately help our customers better serve their customers by eliminating the time-consuming and manual tasks associated with ongoing policy monitoring and maintenance.”

About Millang Financial

Millang Financial Group, LLC. is an Agency Building Independent Financial Services Firm based in Urbandale, IA.  We were founded in 2008 with a core focus to attract and develop superior professionals in our industry.

MFG was created to build and maintain a distribution force for developing and serving multiple niche markets. We are a cutting-edge organization to start in the business with providing substantial opportunities to finish.

About Proformex

Headquartered in Cleveland, Ohio and founded in 2016, Proformex is the provider of on-demand, SaaS solutions to life insurance policy owners, beneficiaries, insurance agents and fiduciaries. Designed to proactively alert customers of potential problems with their life insurance policies, Proformex protects policies against lapsing, degradation and asset erosion. By monitoring five key contract parameters - lapse age, death benefit, premium, crediting rate and Comdex – Proformex offers better portfolio oversight and control.

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David Morris

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