The expected hedge cost for a hypothetical lifetime GMWB block is estimated to be 112 bps as of the end of May 2018, up 4 basis points 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 112 bps as of the end of May 2018, up 4 basis points from the previous month, driven by a decrease in long-term interest rates.