Subject: S7-14-08

July 2, 2008

I have been following this rule and I am all for it. I can't tell you how many senior investors I come across that have these policies and the person that sold it to them doesn't even have a security license. I always hear the clients say well the advisor told me that I could loose everything with a variable annuity. True to some degree, but now virtually every v. annuity has a principle guarantee now. Secondly index annuities have way too long holding periods and extremely high surrender charges. I think that they should be eliminated totally.
-Robbie K.
Daytona Beach, FL