It offers you the choice of CD or download when ordering.
The photo of the box shows right on it that it's for one year.
A couple of gotchas to be aware of: when installing on multiple devices, as this product permits, your subscription starts on the date of the first install and expires a year later on all of them regardless of later install dates. Also note that the software will stop working altogether after expiry, unless you either renew or install a new copy. (Usually the latter is cheaper but requires more effort.)