The expected hedge cost for a hypothetical lifetime GMWB block is estimated to be 113 bps as of the end of June 2018, up 1 basis point from the previous month, driven by a decrease in long-term interest rates.
The expected hedge cost for a hypothetical lifetime GMWB block is estimated to be 113 bps as of the end of June 2018, up 1 basis point from the previous month, driven by a decrease in long-term interest rates.