This index is intended to track the weekly Cap and Participation Rate for a 1-year, point-to-point S&P 500 indexed crediting strategy that would be offered in a market-priced Indexed UL product using Black-Scholes with the following parameters calculated on the specified date:
While no methodology can perfectly reflect the many factors that play into each carrier’s decision about how to set caps and participation rates, this index can serve as a check on what is “fair” in today’s market.
Most Recent Observation
| Date | Option Budget | Market Index Cap | Market Index Par Rate | 10% Cap Price |
| 4/21/2021 | 3.12% | 6.4% | 48% | 4.3% |
Historical Data
| Date | Option Budget | Market Index Cap | Market Index Par Rate | 10% Cap Price |
| 5/26/2021 | 3.09% | 6.2% | 48% | 4.5% |
| 5/19/2021 | 3.24% | 6.4% | 46% | 4.6% |
| 5/12/2021 | 3.27% | 6.4% | 44% | 4.7% |
| 5/5/2021 | 3.09% | 6.4% | 47% | 4.4% |
| 4/28/2021 | 3.13% | 6.4% | 48% | 4.4% |
| 4/21/2021 | 3.12% | 6.4% | 48% | 4.3% |
| 4/14/2021 | 3.12% | 6.5% | 47% | 4.3% |
| 4/7/2021 | 3.16% | 6.5% | 49% | 4.3% |
| 3/31/2021 | 3.26% | 6.5% | 49% | 4.5% |
| 3/24/2021 | 3.24% | 6.4% | 44% | 4.7% |
| 3/17/2021 | 3.38% | 6.8% | 46% | 4.6% |
| 3/10/2021 | 3.20% | 6.4% | 42% | 4.6% |
| 3/3/2021 | 3.14% | 6.1% | 39% | 4.8% |
| 2/24/2021 | 3.08% | 6.0% | 39% | 4.7% |
| 2/17/2021 | 2.89% | 5.5% | 36% | 4.8% |
| 2/10/2021 | 2.80% | 5.3% | 35% | 4.8% |
| 2/3/2021 | 2.84% | 5.4% | 35% | 4.8% |
| 1/27/2021 | 2.65% | 5.0% | 30% | 4.9% |
| 1/20/2021 | 2.68% | 5.0% | 36% | 4.8% |
| 1/13/2021 | 2.68% | 5.1% | 36% | 4.7% |
| 1/6/2021 | 2.65% | 5.0% | 34% | 4.8% |
| 12/30/2020 | 2.49% | 4.6% | 33% | 4.8% |
| 12/23/2020 | 2.56% | 4.8% | 34% | 4.8% |
| 12/16/2020 | 2.54% | 4.7% | 34% | 4.8% |
| 12/9/2020 | 2.56% | 4.9% | 35% | 4.7% |
| 12/2/2020 | 2.53% | 4.8% | 34% | 4.6% |
| 11/25/2020 | 2.54% | 5.0% | 34% | 4.6% |
| 11/18/2020 | 2.56% | 5.0% | 33% | 4.6% |
| 11/11/2020 | 2.72% | 5.2% | 36% | 4.7% |
| 11/4/2020 | 2.61% | 5.0% | 32% | 4.7% |
| 10/28/2020 | 2.65% | 5.0% | 28% | 4.8% |
| 10/21/2020 | 2.72% | 5.2% | 33% | 4.8% |
| 10/14/2020 | 2.60% | 5.0% | 32% | 4.7% |
| 10/7/2020 | 2.72% | 5.3% | 31% | 4.7% |
| 9/30/2020 | 2.66% | 5.2% | 30% | 4.8% |
| 9/23/2020 | 2.63% | 4.9% | 29% | 4.9% |
| 9/16/2020 | 2.63% | 5.0% | 31% | 4.7% |
| 9/9/2020 | 2.69% | 5.1% | 31% | 4.8% |
| 9/2/2020 | 2.57% | 4.9% | 30% | 4.8% |
| 8/26/2020 | 2.69% | 5.0% | 34% | 4.8% |
| 8/20/2020 | 2.63% | 4.9% | 32% | 4.8% |
| 8/12/2020 | 2.49% | 4.6% | 31% | 4.8% |
| 8/5/2020 | 2.36% | 4.3% | 29% | 4.9% |
| 7/29/2020 | 2.37% | 4.3% | 28% | 4.9% |
| 7/22/2020 | 2.43% | 4.4% | 30% | 5.0% |
| 7/15/2020 | 2.51% | 4.6% | 29% | 5.0% |
| 7/9/2020 | 2.60% | 4.8% | 30% | 5.0% |
| 7/2/2020 | 2.75% | 5.0% | 31% | 5.0% |
| 6/24/2020 | 2.78% | 5.1% | 30% | 5.0% |
| 6/18/2020 | 2.78% | 5.1% | 29% | 5.0% |
| 6/11/2020 | 2.82% | 5.2% | 34% | 4.9% |
| 6/4/2020 | 2.82% | 5.3% | 33% | 4.9% |
| 5/27/2020 | 2.82% | 5.2% | 32% | 5.0% |
| 5/20/2020 | 2.91% | 5.4% | 32% | 5.0% |
| 5/13/2020 | 3.09% | 5.8% | 28% | 5.1% |
| 5/6/2020 | 3.04% | 5.8% | 28% | 5.0% |
| 4/29/2020 | 2.83% | 5.3% | 30% | 5.0% |
| 4/22/2020 | 2.83% | 5.4% | 25% | 5.0% |
| 4/16/2020 | 2.78% | 5.3% | 26% | 4.9% |
| 4/9/2020 | 3.15% | 6.1% | 30% | 4.9% |
| 4/2/2020 | 3.30% | 6.5% | 26% | 4.9% |
| 3/25/2020 | 3.84% | 8.0% | 34% | 4.7% |
| 3/18/2020 | 3.73% | 7.0% | 23% | 5.2% |
| 3/12/2020 | 3.01% | 5.9% | 24% | 4.9% |
| 3/4/2020 | 2.89% | 5.3% | 42% | 4.8% |
| 2/26/2020 | 2.96% | 5.4% | 43% | 4.8% |
| 2/20/2020 | 3.01% | 5.8% | 52% | 4.5% |
| 2/5/2020 | 3.11% | 5.9% | 54% | 4.5% |
| 1/29/2020 | 3.12% | 5.8% | 53% | 4.7% |
| 1/23/2020 | 3.17% | 5.9% | 55% | 4.6% |
| 1/16/2020 | 3.22% | 6.1% | 56% | 4.5% |
| 1/8/2020 | 3.27% | 6.2% | 55% | 4.6% |
| 1/2/2020 | 3.30% | 6.2% | 55% | 4.6% |
| 12/18/2019 | 3.28% | 6.1% | 54% | 4.7% |
| 12/13/2019 | 3.23% | 6.0% | 52% | 4.7% |
| 12/3/2019 | 3.30% | 5.9% | 50% | 4.9% |
| 11/27/2019 | 3.26% | 6.0% | 53% | 4.7% |
| 11/20/2019 | 3.34% | 6.2% | 53% | 4.7% |
| 11/13/2019 | 3.40% | 6.4% | 53% | 4.7% |
| 10/31/2019 | 3.35% | 6.2% | 54% | 4.6% |
| 10/24/2019 | 3.30% | 6.1% | 52% | 4.7% |
| 10/16/2019 | 3.34% | 6.2% | 52% | 4.8% |
| 10/9/2019 | 3.20% | 5.8% | 46% | 5.0% |
| 10/2/2019 | 3.24% | 6.0% | 46% | 4.9% |
| 9/24/2019 | 3.28% | 6.0% | 48% | 4.9% |
| 9/4/2019 | 3.13% | 5.9% | 47% | 4.7% |
| 8/27/2019 | 3.17% | 5.9% | 45% | 4.8% |
| 8/21/2019 | 3.18% | 6.0% | 49% | 4.7% |
| 8/14/2019 | 3.28% | 6.3% | 48% | 4.7% |
| 8/8/2019 | 3.40% | 6.7% | 54% | 4.6% |
| 7/25/2019 | 3.61% | 7.0% | 62% | 4.5% |
| 7/9/2019 | 3.55% | 6.9% | 61% | 4.5% |
| 7/3/2019 | 3.54% | 6.9% | 63% | 4.5% |
| 6/26/2019 | 3.62% | 7.2% | 59% | 4.6% |
| 6/20/2019 | 3.72% | 7.7% | 64% | 4.4% |
| 6/12/2019 | 3.80% | 7.6% | 61% | 4.6% |
| 6/5/2019 | 3.83% | 7.6% | 61% | 4.6% |
| 5/16/2019 | 3.97% | 7.8% | 64% | 4.8% |
| 5/1/2019 | 3.99% | 7.7% | 67% | 4.7% |
| 4/18/2019 | 4.03% | 7.8% | 67% | 4.6% |
| 4/12/2019 | 3.96% | 7.8% | 63% | 4.6% |
| 3/27/2019 | 3.98% | 7.6% | 63% | 4.7% |
| 3/20/2019 | 4.14% | 8.5% | 68% | 4.7% |
| 3/13/2019 | 4.12% | 8.2% | 66% | 4.7% |
| 3/7/2019 | 4.18% | 8.2% | 64% | 4.8% |
| 2/27/2019 | 4.11% | 8.2% | 65% | 4.7% |
| 2/15/2019 | 4.13% | 8.3% | 61% | 4.6% |
| 1/30/2019 | 4.22% | 8.9% | 62% | 4.8% |
| 1/23/2019 | 4.32% | 8.9% | 61% | 4.8% |
| 1/16/2019 | 4.35% | 8.8% | 61% | 4.7% |
| 1/2/2019 | 4.36% | 9.2% | 55% | 4.6% |
| 12/12/2018 | 4.35% | 9.2% | 56% | 4.7% |
| 11/14/2018 | 4.51% | 9.3% | 61% | 4.9% |
| 10/17/2018 | 4.41% | 9.5% | 68% | 4.8% |
| 9/12/2018 | 4.22% | 9.1% | 71% | 4.6% |
| 8/15/2018 | 4.14% | 9.0% | 69% | 4.7% |
| 7/18/2018 | 4.13% | 9.3% | 71% | 4.6% |
| 6/13/2018 | 4.24% | 9.3% | 72% | 4.6% |
| 5/16/2018 | 4.31% | 9.4% | 73% | 4.6% |
| 4/18/2018 | 4.06% | 8.6% | 64% | 4.7% |
| 3/14/2018 | 4.08% | 8.5% | 63% | 4.7% |
| 2/14/2018 | 4.09% | 8.9% | 63% | 4.6% |
| 1/17/2018 | 3.72% | 8.7% | 71% | 4.2% |
| 12/13/2017 | 3.69% | 8.2% | 71% | 4.3% |
| 11/15/2017 | 3.80% | 8.2% | 68% | 4.4% |
| 10/18/2017 | 3.79% | 8.9% | 75% | 4.2% |
| 9/13/2017 | 3.87% | 9.2% | 73% | 4.2% |
| 8/16/2017 | 3.84% | 9.1% | 75% | 4.2% |
| 7/12/2017 | 3.93% | 9.4% | 75% | 4.2% |
| 6/14/2017 | 3.86% | 9.0% | 72% | 4.2% |
| 5/17/2017 | 3.98% | 9.1% | 69% | 4.3% |
| 4/12/2017 | 4.06% | 9.8% | 73% | 4.3% |
| 3/15/2017 | 4.26% | 10.4% | 76% | 4.3% |
| 2/15/2017 | 4.22% | 10.5% | 77% | 4.2% |
| 1/18/2017 | 4.13% | 9.5% | 70% | 4.4% |
| 12/14/2016 | 4.31% | 10.2% | 70% | 4.4% |
| 11/16/2016 | 4.13% | 9.3% | 66% | 4.5% |
| 10/12/2016 | 3.77% | 7.7% | 59% | 4.6% |
| 9/14/2016 | 3.77% | 7.6% | 55% | 4.7% |
| 8/17/2016 | 3.59% | 7.4% | 58% | 4.5% |
| 7/13/2016 | 3.52% | 7.6% | 59% | 4.4% |
| 6/15/2016 | 3.75% | 7.4% | 53% | 4.7% |
| 5/18/2016 | 4.02% | 8.4% | 60% | 4.6% |
| 4/13/2016 | 3.95% | 8.3% | 63% | 4.6% |
| 3/16/2016 | 4.22% | 9.0% | 64% | 4.6% |
| 2/17/2016 | 4.46% | 9.4% | 57% | 4.7% |
| 1/13/2016 | 4.33% | 9.2% | 56% | 4.7% |
| 12/16/2015 | 4.46% | 9.9% | 68% | 4.5% |
| 11/18/2015 | 4.50% | 10.4% | 70% | 4.4% |
| 10/14/2015 | 4.32% | 9.6% | 63% | 4.5% |
| 9/16/2015 | 4.56% | 10.3% | 65% | 4.5% |
| 8/12/2015 | 4.33% | 10.4% | 75% | 4.3% |
| 7/15/2015 | 4.52% | 12.0% | 81% | 4.2% |
| 6/17/2015 | 4.43% | 10.8% | 75% | 4.3% |
| 5/13/2015 | 4.33% | 10.2% | 72% | 4.3% |
| 4/15/2015 | 3.77% | 8.4% | 65% | 4.3% |
| 3/18/2015 | 3.86% | 8.8% | 67% | 4.3% |
| 2/18/2015 | 3.99% | 9.2% | 67% | 4.3% |
| 1/14/2015 | 3.75% | 8.2% | 57% | 4.4% |
| 12/17/2014 | 4.05% | 9.3% | 61% | 4.3% |
| 11/12/2014 | 4.21% | 10.9% | 75% | 4.1% |
| 10/15/2014 | 4.02% | 8.8% | 57% | 4.4% |
| 9/17/2014 | 4.43% | 12.4% | 83% | 4.0% |
| 8/13/2014 | 4.30% | 11.1% | 76% | 4.1% |
| 7/16/2014 | 4.34% | 12.9% | 87% | 3.9% |
| 6/18/2014 | 4.42% | 14.5% | 88% | 3.8% |
| 5/14/2014 | 4.31% | 12.6% | 82% | 3.9% |
| 4/16/2014 | 4.39% | 11.9% | 81% | 4.0% |
| 3/19/2014 | 4.66% | 13.7% | 84% | 4.0% |
| 2/19/2014 | 4.69% | 14.0% | 84% | 4.0% |
| 1/15/2014 | 4.72% | 15.5% | 89% | 3.9% |
| 12/18/2013 | 4.86% | 14.6% | 87% | 4.0% |
| 11/13/2013 | 4.90% | 14.6% | 85% | 4.0% |
| 10/16/2013 | 4.80% | 13.7% | 83% | 4.0% |
| 9/18/2013 | 4.87% | 14.6% | 86% | 4.0% |
| 8/14/2013 | 4.80% | 13.8% | 84% | 4.0% |
| 7/17/2013 | 4.58% | 12.9% | 78% | 4.0% |
| 6/19/2013 | 4.57% | 11.6% | 73% | 4.1% |
| 5/15/2013 | 4.18% | 11.7% | 72% | 3.9% |
| 4/17/2013 | 3.94% | 9.7% | 64% | 4.1% |
| 3/13/2013 | 4.25% | 12.0% | 76% | 4.0% |
| 2/13/2013 | 4.23% | 11.3% | 74% | 4.0% |
| 1/16/2013 | 4.02% | 9.4% | 63% | 4.2% |
| 12/19/2012 | 4.03% | 9.3% | 59% | 4.2% |
| 11/14/2012 | 3.75% | 8.2% | 51% | 4.3% |
| 10/17/2012 | 3.87% | 8.9% | 58% | 4.3% |
| 9/19/2012 | 3.94% | 8.7% | 56% | 4.4% |
| 8/15/2012 | 4.07% | 8.8% | 52% | 4.5% |
| 7/18/2012 | 3.80% | 7.9% | 50% | 4.5% |
| 6/13/2012 | 4.07% | 8.2% | 44% | 4.9% |
| 5/16/2012 | 4.11% | 8.7% | 48% | 4.7% |
| 4/18/2012 | 4.28% | 9.1% | 55% | 4.6% |
| 3/14/2012 | 4.51% | 9.6% | 59% | 4.6% |
| 2/15/2012 | 4.20% | 8.8% | 50% | 4.7% |
| 1/18/2012 | 4.20% | 8.8% | 49% | 4.7% |
| 12/14/2011 | 4.26% | 8.6% | 41% | 4.8% |
| 11/16/2011 | 4.29% | 8.6% | 40% | 4.9% |
| 10/19/2011 | 4.40% | 9.1% | 41% | 4.8% |
| 9/14/2011 | 4.50% | 9.4% | 43% | 4.7% |
| 8/17/2011 | 4.64% | 10.0% | 52% | 4.7% |
| 7/13/2011 | 5.11% | 12.3% | 68% | 4.4% |
| 6/15/2011 | 5.19% | 12.7% | 69% | 4.4% |
| 5/18/2011 | 5.18% | 12.9% | 73% | 4.4% |
| 4/13/2011 | 5.43% | 13.5% | 74% | 4.5% |
| 3/16/2011 | 5.29% | 12.3% | 62% | 4.6% |
| 2/16/2011 | 5.53% | 16.0% | 85% | 4.2% |
| 1/19/2011 | 5.34% | 13.7% | 72% | 4.4% |
| 12/15/2010 | 5.50% | 14.0% | 72% | 4.4% |
| 11/17/2010 | 5.29% | 12.6% | 61% | 4.5% |
| 10/13/2010 | 4.97% | 11.2% | 56% | 4.6% |
| 9/15/2010 | 4.94% | 10.8% | 54% | 4.7% |
| 8/18/2010 | 4.78% | 10.2% | 48% | 4.7% |
| 7/14/2010 | 5.16% | 11.1% | 51% | 4.8% |
| 6/16/2010 | 5.37% | 11.7% | 56% | 4.8% |
| 5/19/2010 | 5.22% | 11.6% | 49% | 4.7% |
| 4/14/2010 | 5.60% | 14.9% | 77% | 4.3% |
| 3/17/2010 | 5.48% | 14.5% | 76% | 4.3% |
| 2/17/2010 | 5.76% | 15.2% | 71% | 4.4% |
| 1/13/2010 | 5.61% | 14.7% | 74% | 4.3% |
| 12/16/2009 | 5.62% | 13.7% | 63% | 4.4% |
| 11/18/2009 | 5.52% | 13.2% | 60% | 4.5% |
| 10/14/2009 | 5.59% | 13.6% | 61% | 4.4% |
| 9/16/2009 | 5.54% | 13.1% | 59% | 4.5% |
| 8/19/2009 | 5.61% | 13.1% | 56% | 4.5% |
| 7/15/2009 | 6.04% | 14.0% | 58% | 4.6% |
| 6/17/2009 | 6.12% | 14.2% | 55% | 4.6% |
| 5/13/2009 | 6.18% | 14.7% | 52% | 4.5% |
| 4/15/2009 | 6.21% | 14.8% | 45% | 4.5% |
| 3/18/2009 | 6.37% | 15.1% | 47% | 4.5% |
| 2/18/2009 | 6.02% | 13.4% | 41% | 4.7% |
| 1/14/2009 | 5.76% | 12.9% | 38% | 4.6% |
| 12/17/2008 | 5.92% | 13.5% | 37% | 4.6% |
| 11/12/2008 | 7.16% | 15.9% | 43% | 4.8% |
| 10/15/2008 | 7.12% | 16.0% | 48% | 4.8% |
| 9/17/2008 | 6.08% | 13.8% | 56% | 4.7% |
| 8/13/2008 | 6.15% | 14.2% | 67% | 4.7% |
| 7/16/2008 | 6.15% | 14.0% | 65% | 4.7% |
| 6/18/2008 | 6.12% | 13.6% | 65% | 4.8% |
| 5/14/2008 | 6.02% | 14.6% | 73% | 4.7% |
| 4/16/2008 | 6.11% | 14.7% | 69% | 4.6% |
| 3/12/2008 | 5.91% | 13.4% | 60% | 4.7% |
| 2/13/2008 | 5.91% | 13.4% | 63% | 4.7% |
| 1/16/2008 | 5.66% | 12.6% | 59% | 4.8% |
| 12/12/2007 | 5.86% | 12.4% | 61% | 5.0% |
| 11/14/2007 | 5.80% | 12.1% | 57% | 5.0% |
| 10/17/2007 | 5.91% | 12.8% | 66% | 5.0% |
| 9/12/2007 | 5.92% | 12.4% | 63% | 5.1% |
| 8/15/2007 | 6.14% | 13.0% | 62% | 5.1% |
| 7/18/2007 | 5.98% | 13.3% | 74% | 5.0% |
| 6/13/2007 | 6.15% | 14.6% | 84% | 4.9% |
| 5/16/2007 | 5.73% | 12.7% | 82% | 4.9% |
| 4/18/2007 | 5.69% | 13.2% | 85% | 4.9% |
| 3/14/2007 | 5.57% | 12.5% | 78% | 4.9% |
| 2/14/2007 | 5.67% | 14.9% | 87% | 4.8% |
| 1/17/2007 | 5.71% | 13.7% | 85% | 4.9% |
