Subject: Rule 151A

August 28, 2008

I fell very strongly that the rule 151A to regulate indexed annuities be passed. The argument put out by NAIFA that only the insurance company stands to loose in a down market is a red herring. The insurance companies know that history and the odds are in their favor. Besides, they more than make up for taking that risk with putting participation limits in the contract for when the market goes up. These contracts are too complicated. Ask anyone that has one to explain it to you. They cannot and 90% of the insurance agents that are selling indexed annuities not explain them either.

There are a lot of other things wrong with this product that I do not have time to expand on. Let me just sum it all up by saying, for the good and safety of my clients and the other senior citizens, please start regulating indexed annuities.

Thank You,

Martin Ferrell
Financial Consultant
Ferrell Financial, LLC