August 25, 2008
The area of indexed annuities is one of concern, due to poor information, both on the part of unqualified representation and unknowing consumers. Because I feel a knowledge gap exists and that it is in the best interest of the general public, I feel the product should require a licensed security agent to sell and explain. I am for the new and improved security regulation that is proposed.
The indexed annuity is a very safe,and attractive way to allow more conservative investors to have an opportunity to achieve a good return and in many cases improve their return over a regular fixed income investment. However, because of confusion, misuse and is some cases abuse it is a very misunderstood investment product.
Regards,
John Lalley