Subject: S7-14-08

August 28, 2008

Dear Sirs,

I am writing to comment on S7-14-08. I AGREE with the proposal to put indexed annuities under the scrutiny of the SEC. I have seen many more abuses of this product in the planning community than I have seen good come of it. Clients do not understand the full scope of the product and producers only show the projected upside and not the risks involved.

G. Joseph Pasman, Jr., CLU, ChFC, CFP, MSFS, AEP