The Annuity Lab is a web and mobile application that provides tools for the comparison of Living Benefit riders and Fixed Index Annuities. New Branch implemented key parts of The Annuity Lab application in collaboration with Astea Solutions and Context Digital of Columbus, Ohio on behalf of Nationwide Mutual Insurance Company.
In particular we developed a new tool within the Annuity Lab Toolkit, the Income Modeler, which gives users insight into how the money they invested would provide income over a period of 30 years and how they can manage their withdrawals in order to suit their needs. We also enhanced the original tool, Living Benefit Comparison, where we introduced a more detailed breakdown of withdrawals as well as new comparison options that provide a better overview of how the user can manage their income.
What we did
Yuriy Donev — Expert Systems Engineer @ Astea Solutions