Subject: File No. S7-14-08
From: Roger W Sullivan, lutcf
Affiliation: National assion of Ins agents and fininacial advisors

July 21, 2008

Fixed indexed anniities are not traded on the stock exchange.

Fixed annuities have guarantees not given to stack mut funds or varable annuities. Indexed annuities are protected from loss in index loss years They also have guarantees.
They do not look like stock as they are not stocks.
In IRA you do not have forced sales at 70.5 years causing funds to be lost.

fixed annuities pays benifits like and insurance contract so there for it is insurance

I have been licensed for 49 years with not one complant to the Ins Dept , Please do not give me another layer or force me to take security exams wich I have by choice avoided

Thank you
Roger Sullivan LUTCF a licenced Insurance Agent