Index
Milliman Hedge Cost Index September 2024
Milliman reports 2 basis points increase in Hedge Cost Index for VA and RILA in September.
By Daren Lockwood and Xiaohong Mo
04 October 2024
As of end of September 2024, the expected hedge cost is estimated to be 136 bps for a hypothetical lifetime withdrawal benefit (GLWB) on variable annuities (VA) and 133 bps for registered index-linked annuities (RILA), up 2 basis points from the previous month, 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).