November 17, 2008

Subject: S7-14-08

I have been licensed in the securities industry since 1985 and received my CFP in 1991. I ahve been in management with American Express Financial Advisors in Michigan and Florida. The majority of my current clients have placed some or even all of there money in safe strategies Fixed Index Annuities. They are sleeping better, have told me they have a peace of mind they have never experienced when they were invested in a "balanced portfolio". The idea of never losing has found it's way into Florida and is a welcome addition to the Annuity family. Many of my clients who are still invested in the market are "not happy with the bailout of businesses" and do not believe more government "oversight" will make the investment arena safer or better.

I believe all the requirements that must be met through continuing education for the State of Florida will best protect my clients and future clients. Let the mutual funds and wirehouses continue to be monitored as is. A fixed Index Annuity is "NOT AN INVESTMENT PRODUCT" and should not be included in any stock market compliance.

Thak you for listening to a long time veteran of "doing whjat's best for the client.

Kind regards,

Charles E. Koengeter, CFP