November 17, 2008

Subject: Equity Index annuity regulation s7-14-08

To Whom It May Concern:

I strongly believe that equity index annuities should be regulated as securities. These extremely complex products are all too often sold by insurance agents who don’t understand them to begin with, so their senior citizen "victims" rarely have a clue what they’ve just purchased. These products are totally commission driven, often without regard to the ramifications to the consumer who purchases them.

Sincerely,

Wendell B. Stewart, CFP®
Executive Financial Services, Inc.