The expected hedge cost for a hypothetical lifetime GMWB block (see Index Methodology) is estimated to be 126 bps as of the end of February 2017, up 3 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 126 bps as of the end of February 2017, up 3 bps from the previous month, driven by a decrease in long-term swap interest rates.