Provide your contact information.
Answer a few questions to see if you qualify.
Sign a consent form for a subsidy.
Schedule a Proformex demo to subscribe.
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
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 valuableDeliver Long-Term Planning Strategies
Improve client liquidity for medical, long-term care, or
retirement expensesCreate Goodwill by Eliminating Cash Outlay
Eliminate burdensome premiums on client’s unneeded
or unwanted life insuranceProvide 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 opportunities as well as other opportunities 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.
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.
See How Much Your Policy May Be Worth
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