The Geneva Papers on Risk and Insurance Issues and Practice

FIGURE 8

FROM:

Variable Annuities and the New Retirement Realities

Christopher M Condron

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Figure 8.

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By age 84, the GMIB account value is greater than that of a TDF and allows for lifetime annuity or continued contract.
Note: For the period 01/01/1973 to 12/31/1975, 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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