SOURCE: MCP Premium

September 27, 2005 11:03 ET

EIA Comparison Software From MCP Premium Helps Advisors Sell More, Brokers Comply With New NASD Regs

ORANGE, CA -- (MARKET WIRE) -- September 27, 2005 -- MCP Premium's comprehensive equity-indexed annuity software lets financial pros quickly illustrate the benefits of EIAs over other investments.

Covering virtually every product on the market, the software shows each EIA's rate of return under different scenarios, including Monte Carlo simulations. The agent or advisor also can readily do sophisticated modeling to show how adding an EIA can optimize a client's overall portfolio.

The easy-to-use software also helps broker-dealers and registered reps perform due diligence to comply with the National Association of Security Dealers' recent notice obliging members to tighten EIA sales practices.

"EIAs are a great product, but to sell them you need a clear way to show prospects both the pros and cons of these complex annuities," said Mitchell Maynard, MCP's CEO.

Different EIAs can produce very different rates of return. "Choosing the best one for your client requires objective analysis," he added.

The full version of software runs on a PC with Windows XP or Windows 2000 and costs individual users $995. The Lite version, available on the Web to individuals for $199, can be used by anyone with Internet access, and a free trial is available. Special enterprise user licensing is available for firms.

For more information or to order, see www.mcppremium.com or contact MCP at sales@mcppremium.com or 877-773-4774 ext. 200.

Contact Information

  • Media contacts:
    Henry Stimpson
    Stimpson Communications
    508-647-0705
    Email Contact

    Dorice A. Maynard
    MCP Premium Software
    714.935.0700
    Email Contact