October 15, 2008
There is only one place I am aware of that the person seeking safety can participate in the market gains (to a point) and have no risk to their precious savings dollars.
To date, no one buying a guaranteed indexed annuity has lost a dime from market fluctuations.
These products are already regulated by the state departments of insurance where they are sold.
There is no benefit to superimposing federal regulations on these items.
Please I implore you, DO NOT IMPOSE THIS UNNEEDED NEW REGULATION.It will only hut the public and the many agents around the country.