Subject: File No. S7-14-08
From: Joy I Sternberg

September 3, 2008

I sell Indexed Annuities to Seniors. An Indexed Annuity is a fixed annuity. There is total protection and preservation of your principal and all interest earned. I never give information, analysis or any discussion of mutual funds, stocks, or any stock market investments with my clients. To put Equity Indexed Annuities in the category of a security investment (which it is NOT) and require agents to have a security license is inapropriate. This is totally unnecessary for insurance agents selling Indexed Annuities exclusively because we want NO risk with our Senior client's money, and never get involved with the stock market in stocks, funds, bonds, options or variable annuities.