November 16, 2008

Subject: Equity-Indexed Annuity Rule s7-14-08

Ladies and Gentlemen,
I wholeheartedly support and urge you to proceed with the proposed equity-indexed annuity rule. I make my primary living as a Series 7 securities representative and to a lesser extent, with a sale of an occasional annuity, but only in limited instances where they are in a client's best interest. It has been my experience that annuities products are abused by a great many insurance agents. The guarantees sound good and are an easier sale, but too many time are sold primarily for the generous commission.
Thank you for your time.

Rusty Wells