What Does Certificate of Deposit Annuity Mean?

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What does Certificate of Deposit Annuity mean? Read on to discover the definition & meaning of the term Certificate of Deposit Annuity - to help you better understand the language used in insurance policies.

Certificate of Deposit Annuity

Certificate of Deposit Annuity

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.

We hope the you have a better understanding of the meaning of Certificate of Deposit Annuity.

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