Certificate Of Deposit Annuity
Updated: 29 February 2024
What Does Certificate Of Deposit Annuity Mean?
A Certificate of Deposit Annuity (CD Annuity) is a financial instrument that has features of both a traditional CD and an annuity. Life insurance policyholders can use CD annuities as a way of making money or setting themselves up for retirement.
Insuranceopedia Explains Certificate Of Deposit Annuity
CD annuities are like Certificates of Deposit insofar as there are penalties for cancelling them and they offer a fixed interest rate for a certain amount of time. They are, however, like annuities in that they offer fixed payments after the policyholder has paid into them for a certain amount of time.
Related Definitions
Related Terms
Related Articles
5 Things You Need to Know About Life Annuities
How Annuities Can Help You Plan the Rest of Your Life
The Future of Insurtech: How Technology is Transforming the Insurance Industry
Inside the Details of Auto Transport Insurance: An Expert Interview
Expert Insights: The Ins and Outs of Moving Insurance
Interview With Todd Taylor On Strategizing Large Group Health Insurance
Related Reading
Workers Compensation Statistics
Life Insurance Beneficiary Rules
What Is Temporary Life Insurance?
Revealing the Most And Least Popular U.S. Insurance Companies
More People Killed By Animals In Texas Than Anywhere Else In The U.S.
Life Insurance Statistics
