Showing posts with label cd annuity. Show all posts
Showing posts with label cd annuity. Show all posts

Wednesday, September 21, 2011

CD Annuity or Not?


One of the ways to secure your financial investment is through CD-type annuity. It is conveyed to a flat-interest income wherein the benefit rate term warranty and expire together; a contract between the investor and the insurance company. Here are a few tips to consider before trusting your investment to other agencies.

Compare offers from different insurance groups and find out the benefits they bring. Since it is tax-deferred, you pay zero percent tax on your annual income until you withdraw it. Also, cd annuities offer a point advantage of about 1% greater than deposit certificates. For some people, these maybe a good deal, especially for those ranging to 60 years old when the annuity finally matures.