As of the end of November 2024, the expected hedge cost is estimated to be 121 bps for a hypothetical lifetime withdrawal benefit (GLWB) on variable annuities (VA) and 119 bps for registered index-linked annuities (RILA). This is up 1 basis point from the previous month, and was driven by a decrease in long-term interest rates. The Index Methodology provides additional details about the assumptions and methodologies underlying the Milliman Hedge Cost Index™ (MHCI).