Subject: File No. S7-14-08
From: Ron Angert
Affiliation: insurance agent

August 14, 2008

I would like to see stock brokers sell index annuities.
I hope they really do a great job selling this product.
But history will repeat itself as it has over the years and will again see how this industry abuses the public.
Is the SEC so great at preventing.I think Not.
Are the Insurance Departments in each state better I think Not.
Are agents smart enough to prevent this.No.
So I say let the BAD PR be associated with SEC and Registered Agents Not with the Insurance agents.
I am happy to sell insurance for the real purpose of insurance.
Let the sales pitch the pie in the sky and the get rich dream merchants add index annuities to their pot of gold.

Insurance agents should sell insurance