Subject: File No. S7-14-08
From: Edward J Poche
Affiliation: 44 yrs combined life health and securities experience

August 11, 2008

Since I've been on all sides,securities, Life Health it's plain to see that the baby boomer who have spent the last 30 or more years saving money i.e. 401 k, IRA etc are now like myself,and want their money to be safe from lost. We don't get another go around. There are just as many sale people that sell securities as there are annuity sales people who cheat, lie, and give half truths. This unfortunatly includes some very high security firms, that have been caught doing wrong, and costing the savings accout of many americans to retire broke. No one who owns an annuity will lose their money, even when the few crooks, cheat, lie, or failed to diclosed everything. Ask the people at ENRON, who would be better off. The security rep. see's his finacial book of business on a decline, and wants to save himself by saying foul, that the insurance agent is not educated enough to be sell annuities, well I've sold both and for the youth who can afford to lose a couple of times, and has the time to bonce back, stocks may be better, but for us who are in the last quarter of life, annuities, or even the bank is the best way to go.
The competion for the baby bommers money is not going to change anything by the SEC. So Mr. security salesman, start selling annuities and quit your whinning.

Thank You,

Edward J. Poche