Certificates of deposit, with returns tied to the stock market, are always some form of investment option. They can be offered by banks or in forms of variable life insurance.
A reminder: Investment instruments of this kind really are too complicated for the average investor. They serve a purpose primarily for those who market them and are not in the true interest of investors.
If you want simplicity without headaches, you are always better off with plain-vanilla investments. Forget about the sharp-pencil boys who come up with the complicated stuff. If you want stocks or bonds buy them. If you prefer CDs, choose them. Avoid indexed CDs and other convoluted financial instruments unless you really understand them
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