Subject: File No. S7-14-08
From: ron erickson

July 12, 2008

The results of the SECs proposed rule will not be to benefit savers but to:
1. Reduce the number of agents who can offer a product that is beneficial to many savers

2. Burden indexed annuities with unneeded additional expenses (for filing, regulation, and supervision), the cost which will be borne by savers

3. Damage financially many individuals, small businesses, and smaller insurance companies and