The expected hedge cost for a hypothetical lifetime GMWB block (see Index Methodology) is estimated to be 148 bps as of the end of March 2016, down 4 bps from the previous month, driven by an increase in long-term swap interest rates.
The expected hedge cost for a hypothetical lifetime GMWB block is estimated to be 148 bps as of the end of March 2016, down 4 bps from the previous month, driven by an increase in long-term swap interest rates.