July 18, 2008
I oppose the enactment of SEC Rule 151a regarding the regisration of Indexed Annuities as Security Products.
I have been a licensed Life, Health and Annuity Pruducer for over 35 years. I have never had a problem with a client
being confused, angry or otherwise upset with me regarding the purchase of an Indexed Annuity. My average production
is approximately $2,500,000.00 of premium annualy with this product.
I believe that there should be no SEC involement in the selling of Indexed Annuities. The companies that I represent do an outstanding job in providing education and
guidance in both the selling and servicing of these contracts. My clients have come to value and appreciate the Indexed Annuities that I have sold them over the years to the extent that many have told me "please, never change them".
There are many people that probably would have not purchased these wonderful products had it not been for the dedicated Life Professional who sold it to them. Most Security Licensed people tend to promote other products rather than Indexed Annuities for various reasons.
I respectfully ask you not to enact the new rule as descibed above and keep these products as they are.
Respectfuly,
Thomas E. Cook
Nebraska Life and Health Insurance Producer
Lic. # AG152885