The expected hedge cost for a hypothetical lifetime GMWB block is estimated to be 115 bps as of the end of March 2018, up 5 basis point from the previous month, driven by an decrease in long-term interest rates.
The expected hedge cost for a hypothetical lifetime GMWB block is estimated to be 115 bps as of the end of March 2018, up 5 basis points from the previous month, driven by a decrease in long-term interest rates.