Analysis of Guaranteed Annuity Options - Understanding With-Profits Liabilities
Archive Notice
This article has been archived and has been superseded by a more recent document. Please use the links to the left to browse our most up-to-date information.
Document ID: 1999-783 (previously Report 42)
Published on: 1st March 1999
With 10-year bond yields falling below 4.5% during Q4 1998 many guaranteed annuity options (GAOs) granted over the past 20 years are now "in-the-money". In this report we extend our past analysis of unit-linked liabilities to with-profits.
