Duration-graded post-surrender-charge: 10%/8%/6%/5%/4%/3.5%/3%/2.5%/2%/1.8% then 1.5% to duration 20
| source | SOA Annuity Persistency Study |
| derivation | data_calibrated |
| quality | calibrated |
| regulatory frameworks | NAIC VM-21 |
| set | 2026-05-25 |
| last reviewed | 2026-05-25 |
| next review due | 2026-12-31 |
Higher than fixed annuity given moneyness of GMxB rider drives surrender behavior.