Subject: File No. S7-14-08
From: Suzanne Hopkins
Affiliation: CSA, NAIFA Member

October 16, 2008

In light of the current economic problems, I'm sure quite a few seniors (including myself) are very happy their money is safe in an FIA. While I no longer write these products, I am SO happy my money wasn't in the market this past year. Each year I have the option change how my money grows and this year I chose to take the interest rate offer so that I'm my money is not tied to the market fluctuations at all. What a relief. I know my money, which has grown, is safe.

In light of the poor oversight of the market by the SEC, and in light of the fact that they are going to have a hard time selling securities, why should they have the option of selling annuities. THIS IS AN INSURANCE PRODUCT and it qualifies as such.