Subject: File No. S7-14-08
From: David W DeLoach

October 27, 2008

I believe the regulation of indexed annuities should continue to be regulated by insurance companies and their State's Department of Insurance. As a licensed agent, I provide teachers with indexed annuities as part of their 403b benefits. If these products, which are not directly invested or traded in the market, are reclassified as a securities product rather than an insurance product, I will personally be put out of business, since I do not have a securities license.
There is little differnce between fixed annuities and regular life insurance products, why the need to seperate them? I am sure it has to do with control and the dollar.
Please take into consideration the active agents who will be effected by this change. If passed, please consider some grandfathering clause that will allow licensed agents to continue to serve their clients and provide for their families.