The Proformex Platform: An accelerated way to uncover life settlement value in your portfolio.

Find out if you qualify for a subsidized inforce policy management subscription today

How It Works

  1. Provide your contact information.

  2. Answer a few questions to see if you qualify.

  3. Sign a consent form for a subsidy.

  4. Schedule a Proformex demo to subscribe.

Apply For A Subsidized Subscription

Magna provides prepaid Proformex vouchers to independent agents with a portfolio containing mostly convertible term or universal life of older Americans’ policies. Find out if you qualify for a subsidized Proformex subscription today.

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How Magna Benefits Agents & How Proformex Benefits Agents

Value Your Current Book of Business

Profit from a commission on the life settlement
transaction and make legacy books more valuable

Deliver Long-Term Planning Strategies

Improve client liquidity for medical, long-term care, or
retirement expenses

Create Goodwill by Eliminating Cash Outlay

Eliminate burdensome premiums on client’s unneeded
or unwanted life insurance

Provide Innovative, Fresh Ideas to Clients

Differentiate from other agents with an underutilized
financial innovation – 86% of policies lapse

Automate Policy Reviews

Reduce administrative costs and free up time

Track Policy Performance

Monitor individual policy performance across 5 key parameters

Provide Portfolio Analytics

Consolidate your book of business across all carriers regardless of what distribution channel the policy was written through

Identify New Opportunities

Uncover life settlement opptortunities as well as other opportunties in your book of business related to term conversions and lapse

ADDITIONAL INFORMATION

Pre – Paid Voucher Explanation
Magna pre-paid vouchers are offered to agents to offset a subscription to the Proformex InForce Policy Management Software. Magna does not access confidential policy owner information.
Consent Form Explanation
To utilize these pre-paid vouchers, agents will need to consent to letting Magna have the right to match or beat any life settlement offers received for policies within the Proformex Platform.
Proformex Implementation Explanation
After the agent has given Magna consent, the pre-paid vouchers that Magna has approved for the
agent will be redeemed to Proformex to offset the agent’s subscription cost.
Proformex Onboarding Process Explanation
An Excel of basic policy information along with an agent signature release form is all that is needed.

Thank you for submitting your request!

Our dedicated team is reviewing your information and will contact you shortly to discuss life settlement options and next steps.

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