Subject: File No. S7-14-08
From: Linda D Boyer
Affiliation: Vice President First State Community Bank/ Financial Advisor for Conservative Financial Services, Inc.

July 2, 2008

Fixed Indexed Annuities are guaranteed products that are not subject to the same market risk in the manner of securities regulated by the SEC. Insurers offer fixed indexed annuities that provide significant guarantees under state insurance law that are not typical of securities.

All agents and brokers support efforts to improve sales practices and protect customers but the proposed rule is not necessary in my opinion.