November 13, 2008

Subject: File No. S7-14-08

As a member of the FPA and the insurance industry I do not think there needs to be additional oversight beyond the state insurance departments for Index Annuities. I have been a licensed insurance agent for 27+ years and I am also a Certified Financial Planner. I believe there is adequate supervision. Please feel free to contact me with any additional questions.

Best regards,

Terry M. Anderson , CFP®
President
Wealth by Design & Management, LLC
"A process for thinking freely"
Securities America, Inc.