The expected hedge cost for a hypothetical lifetime GMWB block (see Index Methodology) is estimated to be 121 bps as of the end of August 2015, 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 121 bps as of the end of August 2015, up 3 bps from the previous month.