Index
Milliman Hedge Cost Index November 2024
Milliman reports 1 basis point increase in Hedge Cost Index for VA and RILA in November.
By Daren Lockwood and Xiaohong Mo
10 December 2024
As of the end of November 2024, the expected hedge cost is estimated to be 121 bps for a hypothetical lifetime withdrawal benefit (GLWB) on variable annuities (VA) and 119 bps for registered index-linked annuities (RILA). This is up 1 basis point from the previous month, and was driven by a decrease in long-term interest rates. The Index Methodology provides additional details about the assumptions and methodologies underlying the Milliman Hedge Cost Index™ (MHCI).