As I read other comments with respect to my question, some suggest 'Bit Defender' and 'Virus Barrier Express'. What are those App's like and are they just as effective at the one you suggest.
As I wrote earlier, none of those applications is useful for detecting OS X malware, if you follow safe computing practices. That, and the built-in protections in OS X, are the only security there is. The "statistics" you might hear about are meaningless. Statistics about the effectiveness of Mac applications at detecting Windows malware may have a little bit of value, but not much. Detecting malware that is installed (and therefore more or less hidden) on a Windows system is very different from detecting it on an OS X system, where it can't be installed, and will almost always take the form of an email attachment or a file downloaded from a website. Windows malware is so widespread, and so rapidly changing, that you should suspect any unidentified email attachment of being malicious, no matter whether or not any software recognizes it as such. Never pass on such attachments unless you have opened them and verified that they're genuine. Most malware attachments are obvious, and those that are not obvious may well be too new or too sophisticated to be detected by software anyway.
The only real reason to install any kind of "anti-virus" software is to meet the requirements of a network administrator who falsely believes that such software is needed on a Mac. In that case, anything that satisfies the administrator is good enough.
You should certainly never pay a dime to protect Windows users from the consequences of their choice of computing platform. Use only free software, if you're going to use anything, and ignore the sales pitch to "upgrade" to a paid version.
One final comment. You mentioned "peace of mind." False peace of mind based on false security is the greatest danger you will ever face as a Mac user.