November 13, 2008
I support the proposed rule to help protect seniors. Many of the agents selling index annuities mislead the public and don’t understand the variable component to the return. People get locked in with long surrender periods and are lured in with high front end bonuses in some cases. Please consider index annuities as a variable product and not just a fixed annuity since it has components of both and the regulation should be governed by the higher standards of either to help in regulation and protecting the public. Regards, Bill