Duration-graded post-surrender-charge: 3%/2.5%/2%/1.5%/1.2%/1%/0.8%/0.7%/0.6%/0.5% then 0.4% to duration 20
| source | SOA Annuity Persistency Study |
| derivation | data_calibrated |
| quality | calibrated |
| set | 2026-05-25 |
| last reviewed | 2026-05-25 |
| next review due | 2026-12-31 |
Post-surrender-charge baseline; dynamic lapse (A-012) overlays based on rate competitiveness.