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Introduction to Succession Planning

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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[VIDEO TRANSCRIPT]

Maintaining client satisfaction is the foundation for generating repeat business and is invaluable when it comes time to sell any life insurance practice. 

For succession planning to be seamless, life insurance agents need an established process that addresses continued policyowner loyalty and calculates future revenue potential well before retirement.   

Providing potential buyers with visibility of your total death benefit, premiums, cash value, cash surrender values, carrier mix, and product types under management is a powerful tool in understanding the value of your business. 

Proformex provides proper valuations by digitizing your life insurance book of business and providing your policyowners with a support process that helps ensure their life insurance coverage needs will be continually monitored and reviewed.

Schedule a demo today to see how Proformex helps with succession planning.

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