Subject: File No. S7-14-08
From: Brandie K Hunter
Affiliation: Wadsworth Insurance Agecny, Inc.

September 8, 2008

To whom it may concern,

Indexed annuities are NOT securities. Unlike securities their is NO CHANCE for LOSS of credited interest or pricipal due to market fluctuations. As for the penalties associated with early surrender, it is no differant than a early withdrawal penatly from a Certificate of deposit. Frankly, I believe that the insurance is far more regulated regarding it's sales practices now that even the SEC and as such said regulation of indexed annuities should remain witht the insurance commission per state and or federal insurance regulation as currently proposed. Anything short of a continuation of this system would be, in my opinion, an attempt of the SEC to monoplolize financial products and limit consumer choice.