November 17, 2008
I have been a licensed insurance agent for over 30 years and also a member of NAIFA for over 30 years. I do understand that NAIFA has opposed the proposed new rule on equity index annuities. BUT I am voicing my strong support for the rule. I feel that clients will be better served under the new proposed rule on EIA’s.
I also want to disclose that I have been a member of the FPA for over 10 years and that I am President of a Broker Dealer. So I have seen this issue from many different angles and the many varied experiences that I have had over the years leads me to believe that the clients will be better served if this product is supervised by the SEC proposed rule 151.
Steve
Stephen F Anderson CLU ChFC CFP
President & CEO
Waterstone Financial Group