Bestow Forms AI Lab for Life and Annuity Insurance

July 29, 2026
Bestow has announced Bestow Labs, a team focused on AI native products for life and annuity insurance carriers. The company also expanded its platform support across term, whole life, and indexed universal life products.

Bestow has announced Bestow Labs, a dedicated team building AI native products for life and annuity carriers, stated in a press release.

Bestow Labs will work separately from the company's production systems. The setup is intended to let the team test AI products without affecting systems used by carriers for regulated insurance operations.

Bestow also expanded its platform support to include term, whole life, and indexed universal life products. The platform covers digital new business, policy administration, illustration tools, and agent workflows from quote through application and bind.

The company said Chad Hersh, who joined from Amazon as Head of AI Solutions, will lead Bestow Labs' first product offering, which is planned for release later this year. Bestow also reported annual recurring revenue growth of more than 100% year over year for three consecutive years.

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