The Geneva Papers on Risk and Insurance Issues and Practice

FIGURE 4

FROM:

Variable Annuities and the New Retirement Realities

Christopher M Condron

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Figure 4.

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By age of 85, the GMIB account value is four times that of a TDF and allows for lifetime annuity or continued contract.
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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