Subject: File No. S7-14-08
From: JAMES J ROVEZZI

September 4, 2008

Somehow this issue has been fabricated to have you believe that Equity Indexed annuites have the same fluctuations as you would have in Variable annuities and Mutual Funds.

WRONG
THEY ARE RIGHTLY CLASSIFIED AS FIXED ANNUITIES.

BECAUSE...

EQUITY INDEXED ANNUITIES CAN ONLY GO UP IN VALUE.

EQUITY INDEXED ANNUITIES CAN NEVER GO DOWN IN VALUE.

HOW CAN SOMETHING THAT CAN ONLY GO UP AND NEVER DECREASE BE CONSIDERED A SECURITY?

EQUITY INDEXED ANNUITIES HAVE NO DOWNSIDE RISK.

EQUITY INDEXED ANNUITIES HAVE SURRENDER CHARGES, BUT BANK CD'S HAVE PENALTIES FOR EARLY SURRENDER ALSO.

EQUITY INDEXED ANNUITIES ARE AS SAFE AS A BANK CD. IMAGINE RECEIVING YOUR STATEMENTS AND HAVING THE PEACE OF MIND KNOWING THAT THE VALUES IN THAT NEW STATEMENT CAN NOT BE LESS THAN YOUR PREVIOUS STATEMENT?

STOP WASTING YOUR TIME ON SUCH IDIOTIC STUFF.

IN FACT, IF YOU'RE AGE 50 OR OLDER YOU SHOULD BE LOOKING INTO AN EQUITY INDEXED ANNUITY FOR YOURSELF......THEY CAN ONLY UP AND NEVER GO DOWN...SOUND TOO GOOD? THEY ARE A GREAT PRUDUCT.