The expected hedge cost for a hypothetical lifetime GMWB block (see Index Methodology1) is estimated to be 159 bps as of the end of May 2019, up 17 basis points from the previous month, driven by a decrease in long-term interest rates.
The expected hedge cost for a hypothetical lifetime GMWB block is estimated to be 159 bps as of the end of May 2019, up 17 basis points from the previous month, driven by a decrease in long-term interest rates.
