Aviva USA Awarded Patent Related to Fixed Indexed Life Insurance

Aviva USA, part of Aviva plc, the world’s fifth largest insurance group, announced today that the United States Patent and Trademark Office issued U.S. patent number 7,376,609, for “Maximization of a Hedged Investment Budget for an Index-Linked Insurance Product,” on May 20, 2008. The patent involves Aviva’s unique risk management processes related to the minimum guarantees on its indexed universal life insurance products. These innovative and proprietary risk management processes allow Aviva to offer customers indexed universal life insurance products with minimum interest rate guarantees that have greater benefits at lower costs.

Aviva USA Awarded Patent Related to Fixed Indexed Life Insurance
Source: Insurance News Net