The Geneva Papers on Risk and Insurance Issues and Practice

FIGURE 2

FROM:

Variable Annuities and the New Retirement Realities

Christopher M Condron

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Figure 2.

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By age 82, the GMIB account value is nearly 1.4 times that of a target date fund & guarantees lifetime income.
Note: In 1975, the Lehman Aggregate Index was not available. As a result, we used a proxy of 50 per cent Lehman U.S. Government intermediate and 50 per cent Lehman U.S. Intermediate Credit.

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