July 16, 2008
I do not believe the SEC should become involved with
Insurance and Annuity products. These contacts offer
the Consumer important protection and Guarantees. Premiums
paid, interest credited and reserves greater than most
investments and thrift organizations. I have been writing
Tax Deferred Annuities since 1971 and have many thousands of
dollars on the books that go back to 1978. There is little
difference between the Fixed Annuity and the Fixed Index
Annuity. Only difference, now Bankers, Brokers, CPAs and
Attorneys are writing them. We will just see Extra Charges
and Taxes.