Subject: File No. S7-14-08
From: Michelle A Plum
Affiliation: CPA

July 18, 2008

There are so many seniors that are being taken advanatage of by inappropriate sales practices in the sale of index annuities, the SEC needs to step in. They are nothing more than fixed annuities which typically have very long surrender periods that are sometimes charged to the beneficiaries after the annuitants death.

There is a definite need for the SEC's oversite.

http://www.msnbc.msn.com/id/24095230
http://www.marketwatch.com/News/Story/Story.aspx?guid=B4067E91-02BB-4358-B107-70432A482B5DSiteId=mktwlibrary=Annuitiesprint=truedist=printTop