Subject: File No. S7-14-08
From: Rhonda Heineman, CFP®
Affiliation: Securities Offered Through LPL Financial

November 13, 2008

My name is Rhonda Heineman and as a licensed insurance agent, a CERTIFIED FINANCIAL PLANNER and a member of the FPA of Nebraska, I strongly support the proposed SEC oversight of indexed annuity sales. I have been in the financial planning industry since 1994.

The first time I attended a meeting regarding selling indexed annuities, I walked out of the meeting shocked and perplexed why an ethical individual in this industry would even consider selling these products much less by someone who did not hold a securities license. We were stressed the commissions we could be earn selling these products. You have to ask yourself, if something seems too good to be true, it usually is. My first question was, how can you pay me 8% to 11% commission and this not hurt the client?

I have a client who was referred to me because her own mother who was an insurance agent was in financial trouble and owed her partner money that she had her liquidate her IRA mutual fund investment and purchase an index annuity. Her daughter was in her early 30’s and had no idea what she purchased. Fortunately for my client, her mother never delivered the contract for me to review and we contact the insurance company demanding cancellation of the policy with a full refund or we would contact the state of Nebraska’s insurance department for further investigation.

These products can be very confusing especially for the elderly and I strongly believe they need to be regulated.

Rhonda Heineman, CFP®

Securities Offered Through LPL Financial