Released on: July 8, 2008, 11:41 am

Press Release Author: Tucker Advisory Group

Industry: Financial

Press Release Summary: The SEC makes an announcement that may change many advisors'
personal practice, causing equity indexed annuities to be regulated as securities.


Press Release Body: Denver, CO - July 8, 2008 - On June 25th, Chairman of the U.S.
Securities and Exchange Commission (SEC), Christopher Cox, proposed a new rule that
could cause equity indexed annuities (EIA) to be regulated as securities, which was
approved with a 3 to 0 vote by the commission. The SEC cited deceptive sales'
practices as a key concern for this proposed regulation, but this is not the first
time that insurance companies have come under scrutiny.

This news is sure to stir-up a lot of conjecture and hearsay in the EIA industry.
When discussing deceptive sales' practices, Cox paused to show a segment of the
recent airing of Dateline NBC's episode, which criticized the sales' practices of
certain unscrupulous EIA producers.

Cox's public announcement was to notify of the SEC's intentions and following will
be an official proposed ruling by the SEC detailing their recommended changes. There
is then a process that the proposal must go through, and if approved, there will be
one full year before the new rules take affect.

Just last year, nearly $25 billion was placed into EIAs, which meet the legitimate
needs for retirement dollars.

"Whether the names and rules change, our carriers are going to continue to present
cutting-edge products that we can market to a growing number of retirees," said
Karlan Tucker, CEO of Tucker Advisory Group. "My company will still provide
essential support in the sales' arena for a line of innovative products that have
just as much potential for our clients as they do for us."

Tucker, who is the CEO of the number two sales' organization with the nation\'s
second all-time indexed annuity carrier, encourages all EIA advisors to read the
news' literature published about this proposal and become knowledgeable of the
specifics of how and when these changes may take place.

About Tucker Advisory Group (TAG)
Tucker Advisory Group is a unique financial services company based on the
award-winning personal practice of Karlan Tucker. Karlan's personal motivation of
excellence has allowed him to expand his business into two entities. TAG's first
objective is to meet the financial needs of seniors nearing or already enjoying
their retirement with safe-money strategies designed with them in mind. TAG's second
objective is to teach financial advisors across the nation how to build their own
practice on the unique principal-based foundation that has made Karlan a national
authority on retirement planning.

For more information about Tucker Advisory Group, visit the Web site at
www.tuckeradvisorygroup.com or contact Sarah Martin at
sarah@tuckeradvisorygroup.com.

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Web Site: http://www.tuckeradvisorygroup.com

Contact Details: 1520 W. Canal Ct., Ste. 100, Littleton, CO 80120
800.734.0076
sarah@tuckeradvisorygroup.com