November 1, 2008
Insurance Agents NEED to have clearly detailed education and supervision when recommending to prospective investors both "fixed" and "equity-indexed" annuitites.
From my industry observation the insurance industry didtates to it's agents to sell for commission benefit.
The average Joe/Jane really do not understand the un-implied risk the the insurance industry sales force equally under-estimates as risk.
Please pass legislation to mandate insurance product reglation on a nation basis.
The state level is vunerable to a higher degree of corruption.