Subject: File No. S7-14-08
From: michael Allgeier

October 14, 2008

I do not believe that Indexed Annuities should be regulated by the SEC. It is an insurance product, and should be regulated be state insurance commisioners. Many people have a distrust for "Stock Brokers" more so now than ever, after the last three weeks of "Wall Street" in the news.
This gives them a safe place to place their money with out the on going fees charged by a brokerage house to "hold", "buy' and "sell".
Thank You,