Subject: File No. S7-14-08
From: Mark Horning

July 14, 2008

I believe the SEC should stop this proposal dead in its tracks.

I became an insurance agent to help people. Most insurance agents follow that same principle with ethics we must have as dictated by the State insurance commissions and carriers we represent.

In regards to this proposal, I know of at least 2 families I helped obtain indexed annuities which if I would not have visited them, would have been left in market accounts heading toward all time lows ( one was all in GM stock 2 years ago). Both have money to count on for retirement now, which would not be there if they had not seen or placed that portion of their nest eggs in an indexed annuity. They are very happy.

Another prospective client I am working with right now, though the SEC governs the product and registered representative they work with... is experiencing major losses in their rollover IRA retirement income account and doesn't understand what is in their IRA Variable Annuity, such as the GMWB rider they are paying for, but told me they don't plan on using They tell me they never hear from this agent or company with their money.

Even oversight of registered representatives does not assure protection of the client. Only a true professional agent or representative with the clients best interest at heart can assure that.

Please leave the market open for clients to hear from people from different perspectives. Otherwise, many people will lose fortunes since Registered Reps who need to meet broker/dealer quotas will not offer this valuable protection for so many people who will need retirement funds to keep them, and our country running.

Yours Truly,

Mark Horning
President
FHLTC
1665 Hartland Woods Dr.
Howell, MI 48843