Subject: File No. S7-14-08
From: Noel Paraiso
Affiliation: Licensed Insurance agent, former Series 6 and 63 rep

July 16, 2008

I hold a series 6 and 63 license and insurance license. As for me i really do believe that EIA/FIA are the safest product that the insurance companies ever came out with that will not risk the clients HARD EARNED MONEY. I see more clients that suffer a lost with their Variable annuities and mutual funds rather than with the EIA/FIA. There is no risk to investors with these products because Indexed Annuities provide underlying interest guarantees required by state law.
My clients are right now very pleased with the EIA that I have opened up for them because with the turmoil in the stock market and mortgage and banking industries this is the best place for them to keep their money in without any downsize lost when the market goes down.