November 13, 2008
I am writing to communicate my support for this propose rule.
I am a member of the FPA and feel strongly that such a rule as well as oversight by state insurance departments is needed to protect the consumer from predatory sales practices perpetrated primarily on the elderly. Consumers are often misled regarding the benefits of Equity Index Annuities.
As a 26-year veteran of this industry I urge your support of this rule.
Sincerely,
John L. Jenkins, AEP, EA, CFP®
Fellow, Esperti Peterson Institute
President and CEO
Asset Preservation Strategies, Inc.