EIA_Working_Paper.pdf (application/pdf Object)
This is a link to a paper by two PH.D's who have studied Equity Indexed Annuities and concluded that they are not good products. In fact these products work as a wealth transfer device, basically taking money from the policyholder and transferring it to the broker and insurance company in a very sly way.
If you don't want to read the 13 page report, just know that Equity Indexed Annuities are bad products - stay away.
Scott Dauenhauer, CFP, MSFP