Subject: File No. 4-497
From: James J Gibbons

March 30, 2005

I work in the Policy Loan and Surrender department of a large life insurance company. I process loans, withdrawals, and surrenders on life insurance policies. Due to Sarbanes-Oxley our auditors are forcing us to redo the way we process everything. From how we receive a request to who processes it to how the check gets mailed. I just cant believe that because of some high level accounting fraud at a couple of other companies, that we now have to change the way we process our disbursements. In the 20 years I have worked here we have never had an instance of fraudulent activity because of the way we process our cases. Shouldnt some consideration be given to companies that have been in business for decades without any fraudulent activity. I just dont see how this micro regulating of small tasks will keep a company void of fraud.