Investors can now evaluate the performance of equity-indexed annuities (EIAs) at www.personalyze.org thanks to MCP Premium, developer of software that provides free comparisons of equity-indexed annuities' performance.
MCP Premium describes EIAs as products that provide a variable interest rate linked to the return of a stock-market index, along with a guaranteed minimum rate, but produce very different rates of return. MCP Premium (www.MCPpremium.com) says its unbiased EIAnalyzer shows the returns top-selling products from two-dozen insurance companies would have yielded in previous bear and bull markets and over the last 10 years. Each is given a letter grade for overall performance.
"Equity-indexed annuities offer a unique combination of earnings potential and safety, but the differences among them are striking when you look beneath the surface," said MCP Premium president Mitchell Maynard, in a prepared statement announcing the site.
