Subject: File No. S7-14-08
From: Robert N. Signor

October 28, 2008

I believe that an indexed annuity is a fixed product,
because the annuitant is not investing directly in the
stock market.

I also believe that unless an agent is properly licensed
for any vehicle that are recommending that the prospective
client liquidate. A series 7 license should be the
approved vehicle.