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NaviSys Introduces Annuity Payout Software

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NU Online News Service, June 1, 1:55 p.m. – NaviSys Inc., Edison, N.J., has introduced NaviSys Payouts, a software package that sets up and manages benefits payments for fixed annuities, variable annuities, structured settlements and related products.

The software can handle complicated procedures, such as arranging for accelerated death benefits payments and paying several beneficiaries of a single annuity contract, as well as simple benefits payment streams, NaviSys says.