Subject: File No. S7-14-08
From: Robert A Fairfull
Affiliation: LH PC Annuities, and V Annuities Licensed Insurance Agent

September 4, 2008

Annuities are an Insurance Product, it has never been a
Securities Product. We Insurance Agents are not allowed to talk about Securities, because we are not licensed to do so.
Yes Companies such as State Farm, and Allstate require their agents to be Series licensed, and I refuse to get any Series Licensing. Because I don't want to work in the Securities Area. I believe Companies that Sell Investments
attached to the Stock Market, and Mutual Funds should be under the Securities Heading. Banks should be doing Banking
Investment firms should be selling Stocks, and Mutual Funds
Insurance Companies should be selling Insurance.
Everyone should be specializing in what they are.
I personally do not have any dealings with the Market, and those people in the Market that charge service fee's for doing nothing, should no have the benefit of screwing people out of a way to save safely. And if this change brings about services fee's to an Insurance Product Shame on you all. Leave the Insurance Business alone. I don't
sell Securities, nor do I believe in Index Products being
a good, and safe product for seniors. If the Index Products
are set up like a trust, then it Insurance, not a Security.