November 13, 2008

Subject: Equity Indexed Annuity Rule s7-14-08

To whom it may concern,

I am in support of the proposed Equity Indexed Annuity rule. As a certified financial planner, I think there needs to be protections set up to safeguard elderly people from aggressive and misleading sales tactics. I am a member of FPA I am licensed as a financial planner as well as an insurance agent. I feel the annuities are so confusing. They confuse me, so I am certain that many elderly people may not know what they are purchasing. My experience is that most people, young or old, will probably change their mind about their finances when their circumstances change. Being locked into a long surrender period can cause them irreparable damage financially. That is the last thing an elderly person needs to have happen in their waning years.

I also believe there needs to be continuity across state lines as far as the regulating these investments. The sales people need to be held accountable for poor choices made by clients.

Thank you for your attention.

Pam Heimdal

Pamela S Heimdal, Enrolled Agent,
Certified Financial Planner.tm
Heimdal Tax & Financial Services.