Proformex Publishes Analysis of Life Insurance Best Interest Standards
CLEVELAND, August 22, 2019 (Newswire.com) - 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, has published the white paper “An In-Depth Look at Best Interest Standards for Life Insurance".
The paper examines how best interest standards were first introduced to the life insurance industry, how they are currently being regulated and implemented, where they are headed. From the United States Department of Labor Fiduciary Rule to the Securities and Exchange Commission’s Regulation Best Interest, Proformex CEO and author Kris Beck explores all of the facts and nuances of these regulations and their impact on consumers and industry professionals alike.
“Since the passing of Regulation Best Interest by the SEC this summer, best interest standards regulations have been a very popular topic among industry professionals,” said Kris Beck, CEO of Proformex. “We wanted to collect information to educate both consumers and our colleagues about what will change with these new regulations and how to become compliant.”
For a free download of the “An In-Depth Look at Best Interest Standards for Life Insurance" white paper, visit the Proformex blog.
About Proformex
Proformex provides life insurance in force 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 in force 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.
Media Contact
David Morris
866.998.8654
dmorris@proformex.com
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Source: Proformex
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