October 19, 2008
Constant changing addition of federal regulations are hurting us all. At this time I am selling fixed index annuities because they are not putting our insureds at risk. We are not based on selling stock and do not want to sell stocks, bonds, mutuals, etc. We are offering insureds a better way to save their money. We are not putting them at risk, they never lose their investment or the interest earned. Why would you want to put this in the securties arena? We are offering, in simple terms, a better way to save than bank CDs. The savings amount is taken out each month from payrolls. If you do put this under the securites term less people will want to save for their future because they do not want stock, bonds, etc.
You will scare them off saving for their retirement. Why try to fix a program that is proven to work with programs that are not working?