Subject: File No. S7-14-08
From: Jon Green

July 11, 2008


I feel that after 28 years of helping people with their Insurance and financial matters I can say that what the SEC is considering is totally unnecssary. With all of the new certification programs and the suitability-disclosure requirements in place with most all of the top companies I feel that the only additional mandates should be that no annuity should be sold with a surrender charge of higher than 10% nor any longer than 10years. For the absolute fact that these FIA or Equity annuities are fixed and totally guranteed contracts I also feel that that they should all have a minimum annual return of 1-2% on 100% of premiums paid and in no case should the death benefit be anything less than the acculmulated value.. Fixed are fixed and variable are variable and both provide the consumer with excellant choices in today's market place.
To make the agent who specializes in Life insurance to become securities licensed or to take yet another cut from their Broker Dealer just does not make sense nor is it a fair business pratice.. Especially for the honest hard working agent.. Thank you Jon H. Green