October 31, 2008
I have a Fixed Indexed Annuity with LSW. The annuity has done exactly what it was supposed to do, not lose money. My IRA has averaged 6.8% over the last 10 years with no chance of loss. My husbands 401k has lost 40% while my Fixed Indexed Annuity has lost nothing. I am not in favor of the SEC regulating Fixed Indexed Annuities. The have enough trouble regulating their current mess. Let the states regulate Fixed Indexed Annuities.
Donna Carroll