Subject: File No. S7-14-08
From: Eileen M Olovson
Affiliation: Insurance Agent

August 15, 2008

Re: File Number S7-14-08

The indexed annunity is an insurance product, not a security. There's no way you can lose the full value of the annunity. You're just trying to protect the securites brokers. This is not fair to insurance agents. The insurance commission can handle the regulations on this just fine. This is not necessary