Subject: File No. S7-14-08
From: Catherine R Rideout
Affiliation: Independent Life Insurance Agent

November 4, 2008

I oppose Proposal 151a. An indexed annuity is not a security:
it is an insurance product with minimum guarantees that protect the consumer from loss. The state insurance department is the appropriate supervisor of this type of
plan.

After failing miserably in protecting consumers and institutions who purchase
securities, I am surprised the SEC wants to meddle in the
insurance market Follow the money The SEC is moving in the
direction that it's broker clients want it to, so they can
get a piece of the indexed annuity action. Public protection?
Just a lousy cover story.

Yours Truly,
Catherine Rideout
Lakeland, Florida