Subject: S7-14-08

July 22, 2008

To whom it may concern:

Fixed Index Annuities are not securities. If the risk is with the insurance company and not the consumer how can this be a security.

There needs to be some education on your part on how these accounts work.

I have an insurance license as well as a security license and I know if I buy a security I could loose money, but not with an fixed index annuity.

Please pay careful attention to this bill as it does not make sense.

Donna Hayes

Donna Hayes
Business Consultant
Asset Marketing Systems Insurance Services, LLC