DPMF - What does DPMF stand for? The Free Dictionary
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From a contingent claims perspective, the guaranteed minimum death benefit (GMDB) on a VA or DPMF is essentially an increasing-strike put option with a stochastic maturity date.
The next section describes the particulars of the VA and DPMF market.
The authors use the same approach to price the implicit performance guarantees provided by the vendors of VA and DPMF products.