The expected hedge cost for a hypothetical lifetime GMWB block (see Index Methodology) is estimated to be 129 bps as of the end of April 2017, up 6 bps from the previous month, driven by a decrease in long-term swap interest rates.
The expected hedge cost for a hypothetical lifetime GMWB block is estimated to be 129 bps as of the end of April 2017, up 6 bps from the previous month, driven by a decrease in long-term swap interest rates.