Subject: File No. S7-14-08
From: Michael T Washer
Affiliation: Financial Advisor

November 3, 2008

I hope that all equity indexed annuities are classified as securities sooner than later.

I can name several Life insurance agents that rely up the sale of these products to earn high commissions, with little concern to the suitability of the sale.

The sad thing is that they are marketing them as "investments."