Subject: File No. S7-14-08
From: Gary L Rogers

July 12, 2008

ALL investments contain fees or risks of some sort. ALL investments need to be suitable for each client that buys them.

With an annuity, the owner recieves TAX DEFERRED growth, allowing that money to receive interest growth. That's not so with a CD. Annuitie Offer Safty to principle and can give life time income, and aviod probate.We haven't saved enough as a country to live 25 or 30 years in retirement. Healthcare is outrageously and disgustlingly expensive in some cases. Social Security and Mediare will be gone in 20 years at this rate. If the SEC wants to get involved , then petetion the insurance regulators to drop the word index and call them what they are (FIA's) Fixed Indexed Annuities, that give you the potential for better growth than fixed products while still PROTECTING the principle and intrest earned if.