Our company is introducing an equity indexed annuity. What sort of modeling features are available on MG-ALFA® for this product type?
MG-ALFA supports point-to-point, and ratchet plan types, as well as both fixed and index based methods for the determination of the crediting rate. For the determination of the credited rate, the user may define an averaging method to apply to the index, a cap and/or floor to the index linked interest rate, a participation rate in the index gain, as well as a spread to the index.
