September 5, 2008
DEAR SIRS,
I HAVE BEEN IN THE INSURANCE INDUSTRY SINCE 1990 AND ALSO HAVE SERIES 6 AND 63. SINCE THE INDEX ANNUITIES HAVE COME INTO THE MARKET I RARLEY SELL VARIABLE ANNUITIES ANYMORE.
INDEX ANNUITIES DONT LOOSE CLIENTS MONEY SO WHY SELL VARIABLE PRODUCTS. THE ONLY GROUP THATS CRYING IS THE MERRIL LYNCH, EDWARD D JONES AND MANY OTHERS BECAUSE THE BABY BOOMERS ARE PUTTING THEIR MONEY IN INDEX ANNUITIES BECAUSE ITS SAFER AND NOT TO HAVE TO PAY ALL THOSE BROKER FEES.
TO SOLVE THE PROBLEM JUST LET THE CRY BABIES SELL INDEX ANNUITIES AND I GURANTEE THEY WOULD BE PUSHING THIS BILL.
THANKS
BRUCE F GREER