July 22, 2008
To Whom It May Concern,
RE: SEC Proposed Rule 151a
I would like to submit my comment on the proposed Equity Index Rule. I do not wish to have this rule passed. Equity Index Annuities (EIA) do participate in market indexes’ but they are not exposed to market losses because of the built in policy guaranteed floor rate.
I do not feel that the Federal Government should be involved in EIA’s. Furthermore, with all the publicity that has risen from the Housing Crisis and the mismanagement of the securities market that our country is facing, I do not think adding another product to the Federal Government is a wise idea. The economy and country is already weary and upset with all of the bail outs that the government has given to large corporations in the housing market and none to the private citizen.
Thank you for taking your time to record my opinion on this matter.
Sincerely,
Noah D. Creamer