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Life Insurance
and Annuities

Building a Better Future with Reliable Partners

When it comes to securing a solid financial future and taking care of your clients or family, having strong and supportive partners by your side is important. Whether you seek peace of mind for your family, wish to see your dreams fulfilled, or want to ensure your clients have the best insurance policies and plans, ELCO Mutual Life & Annuity is here to be your trusted and dedicated partner. Let's work together to create a brighter and more secure future.
Life Insurance Annuities See All Plans

I have worked with ELCO for nearly a decade and the biggest reason that keeps me coming back is their customer service. They really care about their agents and their agents’ clients. I love working with a company that I can TRUST!

Megan D.

For Agents

As an agent, you want the best life insurance and annuity products for your clients, but you also want service and support. Your clients want policies they can count on and you want a partner who delivers the same. At ELCO, we pride ourselves on stability, transparency, and accessibility. Not only are our products there when your clients need them, but we’re there for you when you need us, whenever you need us. Client care is our priority because it’s also yours.

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For Policyholders

Finding the right insurance company with the right policies to help you reach your goals and plan for your financial future is an important decision. ELCO offers a full range of life insurance and annuity plans and policies to help secure that future and know that you and your loved ones are taken care of, regardless of the situation or needs. We prioritize relationships so the agent you work with gets the support they need to help you when you need it most.

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For Funeral Directors

As a funeral director, you’re there when you clients need you most, at all hours, on any day.  That means you need a partner who knows your business and who helps you provide that standard of service. More than that, you need a partner who can help you sustain your business and grow. Our team includes former funeral directors who understand the unique challenges you face and are prepared to help you overcome them. When it comes to preneed insurance and support for our policies and plans, let our team support yours.

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Expertise and Experience By the Numbers

At ELCO Mutual, we do things a bit differently. While we monitor our metrics and know our numbers, we’re more focused on service. We’re true partners, looking for ways that we can leverage our experience and expertise to help you when you need it most.

77 + years
of servicing policyholders
$ 486 million
in benefits paid in 2024
$ 1 + billion
in admitted assets

Current MYGA Rates

Plan
1 Year
2 Year
3 Year
5 Year
7 Year
10 Year
Initial Guaranteed Rate (APY*) 4.00% 4.25% 5.00% 5.25% 5.00% 5.00%

*Annual Percentage Yield

Regular Income Payments Don’t Need to End When Retirement Begins

Multi-year guaranteed annuities (MYGAs) ensure you’ll get to experience financial freedom well into your retirement years. These tax-deferred annuities allow you to grow your money while guaranteeing income when you’re ready to retire.
  • For Agents: Help annuitants discover the power of MYGAs, all at a low-risk
  • For Policyholders: Prioritize a worry-free future with annuities that grow overtime
Full Details

Myths About Life Insurance

Do you think you’re adequately covered because your employer offers life insurance?

Have you been told that people without children don’t need an insurance policy? Download our free ebook to read some of the myths surrounding life insurance and get to the facts about why a policy can put you on the path to a secure future.

Download the ebook
8 Myths Cover

What Type of Life Insurance is Right for Me? Ebook

Purchasing life insurance is a simple way to provide financial stability for your loved ones. In most cases, life insurance policies can provide tax-free death benefits to beneficiaries. When it’s time to start thinking about life insurance, it’s important to begin by understanding the different types that are available and how they meet different needs. The broadest categories of life insurance are term and permanent policies. In this ebook, we’ll look at these two main types of life insurance, some of the variations you can find within them, and how to decide which type of plan is best for you.

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What Type of Life Insurance is Right for Me (2)
ELCO Mutual and its representatives are not legal or certified tax professionals. For tax and/or legal advice, please contact a licensed professional. ELCO Mutual contracts with independent licensed insurance producers and does not guarantee nor certify them as financial planners. Not insured by the FDIC or associated with any government program or agency. Annuities are not associated with a bank. Withdrawals taken from annuities before the age of 59 1/2 are subject to the IRS's 10% excise tax. Individual Retirement Accounts (IRAs) cannot be opened past the age in which Required Minimum Distributions (RMDS) begin. Dividends are declared by the company's board of directors and are not guaranteed. When purchasing a single premium whole life policy, please note that the policy is a Modified Endowment Contract (MEC). Any distributions taken by the owner may be taxable (including from the accelerated death benefit rider). Death benefits for life insurance contracts are contingent on any due premiums being paid. The information on this website is intended for informational and educational purposes only and is not intended to provide investment advice or a recommendation. Clients seeking advice should consult a licensed professional. All life insurance policies and annuities are underwritten and issued by ELCO Mutual Life and Annuity. Also known as ELCO Mutual Life and Annuity Company in Florida. Policy Forms: Platinum Eagle: (ICC19-SPL-19), Golden Eagle: (ICC19-WLP-19), Silver Eagle: (ICC19-FE19, ICC21-GBWL21, ICC19-MWL19, ICC21-GIWL21m ICC21-SPLR21), Preneed: (PNMPSI20, PNMPGI20, PNSPL20), DFD: (DFD21, DFD0113), Presidio Plus: (ICC21-TSPL21), Guardian Eagle Single Premium: (ICC19-MYGA[term length]-19), Guardian Eagle Flexible Premium: (ICC16-FPA16), and Immediate Annuities: (SPIA11 and ICC17-AIFXB17). Policy forms may vary by state.
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