Subject: Current regulation of the sale of index annuities is adequate to protect purchasers

July 29, 2008

It looks like the sec is in the back pocket of the securities companies leave index annuities alone. I would say that recent statistics speak for themselves Given recent market turmoil, who has been better protected against significant investment risk—someone who bought a security, i.e., a stock mutual fund or an index fund, or a fixed indexed annuity, all of them tied to the same index? I would say that recent statistics speak for themselves: as of Friday, June 27, 2008, the Dow Jones Industrial Averagei has fallen almost 20% from its October, 2007 record while fixed indexed annuity purchasers have not lost any principal due to market performance.

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Robert Laps