Subject: File No. S7-14-08
From: greg s floyd
Affiliation: pres. family life insurance

October 29, 2008

-I have been a insurance professional for 27 years. I am opposed to the SEC draft regulation rule 151A that will add mor securities regulations to an insurance product (FIA) fixed indexed annuities. Fixed indexed annuities provide consumers with guarantees, flexibility, and tax deferal and many other advantages. Granted they are not for everyone, but they do give consumers a unique protection in that everyone that holds a FIA has not lost a penny in the recent stock market losses of over 30%.
What do insurance professionals do?
Help people protect what they own

Help protect people they love

Help people save more and invest more

Provide guarantees and safety against risk

Provide a service that could be priceless