The expected hedge cost for a hypothetical lifetime GMWB block (see Index Methodology) is estimated to be 165 bps as of the end of June 2016, up 17 bps from the previous month, driven by a large decrease in long-term swap interest rates.
The expected hedge cost for a hypothetical lifetime GMWB block is estimated to be 165 bps as of the end of June 2016, up 17 bps from the previous month, driven by a large decrease in long-term swap interest rates.