An Economic Analysis of Equity-Indexed Annuities
By: Craig McCann
At the request of the North American Securities Administrators Association, Dr. McCann authored a White Paper on equity-indexed annuities in support of the SEC's proposal to provide federal investor protections to purchasers of equity-indexed annuities.
Dr. McCann concluded that:
- Existing equity-indexed annuities are too complex for investors to understand.
- This complexity is designed to allow the true costs to be hidden
- The high hidden costs in equity-indexed annuities...
