No mutual fund is guaranteed. Mutual funds are not FDIC insured investments. Past performance is no guarantee of future results, so any investment can be worth more or less than the original amount purchased at the time of sale. The CD's maturities range from 3 months to 10 years. The appropriate selection of CD's should be discussed with your broker prior to purchase.
Annuities are insurance vehicles that insure money instead of lives.
They allow individuals to tax shelter money that is otherwise taxable and in any amount. They are retirement plans and therefore have the same 59 age distribution requirements as IRA's. The options should be discussed with your advisor prior to investment. The insurance rates are based on term insurance rates just like traditional term and universal life policies except the cash value is invested instead of earning a fixed rate of return. It can be an excellent tool for supplemental planning in many cases.