Annuities

Learn About Your Annuity Options

Your financial future depends on how you prepare today. If you want financial security when you retire, the time to start planning is now. An annuity can guarantee a stream of income that will help you maintain a comfortable lifestyle in your retirement. There are several types of annuities to choose from, and finding the one that’s best for you often depends on how you choose to make your contributions. ELCO Mutual offers several annuity options that can fit within your personal preferences.
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Available Annuity Options by State

Alabama

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The following plans are available in Alabama:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
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Alaska

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The following plans are available in Alaska:

  • Single Premium Deferred Annuity
  • Single Premium Immediate Annuity
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Arizona

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The following plans are available in Arizona:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Arkansas

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The following plans are available in Arkansas:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
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California

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The following plans are available in California:

  • Single Premium Deferred Annuity
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Colorado

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The following plans are available in Colorado:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
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Connecticut

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There are currently no plans available in Connecticut.

Delaware

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The following plans are available in Delaware:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

District of Columbia

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The following plans are available in District of Columbia:

  • Single Premium Deferred Annuity
  • Single Premium Immediate Annuity
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Florida

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The following plans are available in Florida:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Georgia

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The following plans are available in Georgia:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Hawaii

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The following plans are available in Hawaii:

  • Single Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Idaho

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The following plans are available in Idaho:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Illinois

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The following plans are available in Illinois:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Indiana

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The following plans are available in Indiana:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Iowa

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The following plans are available in Iowa:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Kansas

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The following plans are available in Kansas:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Kentucky

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The following plans are available in Kentucky:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Louisiana

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The following plans are available in Louisiana:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Maine

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The following plans are available in Maine:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Maryland

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The following plans are available in Maryland:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Massachusetts

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There are currently no plans available in Massachusetts.

Michigan

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The following plans are available in Michigan:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Minnesota

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The following plans are available in Minnesota:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Mississippi

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The following plans are available in Mississippi:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Missouri

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The following plans are available in Missouri:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Montana

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The following plans are available in Montana:

  • Single Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Nebraska

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The following plans are available in Nebraska:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Nevada

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The following plans are available in Nevada:

  • Single Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

New Hampshire

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There are currently no plans available in New Hampshire.

New Jersey

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There are currently no plans available in New Jersey.

New Mexico

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The following plans are available in New Mexico:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

New York

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There are currently no plans available in New York.

North Carolina

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The following plans are available in North Carolina:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

North Dakota

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The following plans are available in North Dakota:

  • Single Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Ohio

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The following plans are available in Ohio:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Oklahoma

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The following plans are available in Oklahoma:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Oregon

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The following plans are available in Oregon:

  • Single Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Pennsylvania

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The following plans are available in Pennsylvania:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Rhode Island

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There are currently no plans available in Rhode Island.

South Carolina

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The following plans are available in South Carolina:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

South Dakota

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The following plans are available in South Dakota:

  • Single Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Tennessee

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The following plans are available in Tennessee:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Texas

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The following plans are available in Texas:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Utah

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The following plans are available in Utah:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Vermont

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There are currently no plans available in Vermont.

Virginia

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The following plans are available in Virginia:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Washington

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The following plans are available in Washington:

  • Single Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

West Virginia

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The following plans are available in West Virginia:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Wisconsin

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The following plans are available in Wisconsin:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

Wyoming

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The following plans are available in Wyoming:

  • Single Premium Deferred Annuity
  • Flexible Premium Deferred Annuity
  • Single Premium Immediate Annuity
Contact Us

An Overview of Annuities

To ensure financial success in the future, it’s important to start planning now. That’s where annuities come in! An annuity can earn tax-deferred interest and secure a stream of income that will help you maintain a comfortable lifestyle during your retirement. It's a guaranteed contract between you and an insurance company, like ELCO Mutual, that acts as a long-term retirement vehicle to protect you from outliving your money.

Depending on the type of annuity you choose, you can make a one-time payment in the form of a lump sum or a series of contributions over time. Then, at the time of your choosing—either right away or later down the road—you’ll receive disbursements of this tax-deferred money. Payments are made to you for life, ensuring you you’ll always have incoming funds.
Explore Our Products

Annuities We Offer

Prepare for Retirement Today

Whether you want to fund your annuity up front with a single contribution or pay over time, we have plans that work with your current budget. We’ll help you find the right product to help you prepare for retirement.

Flexible Premium Deferred Annuities

This flexible contract gives you the ability to earn tax-deferred growth and make contributions as needed.

Single Premium Deferred Annuities

Choose between a variety of term lengths and take advantage of competitive interest yields and guaranteed interest rates so you know exactly how much money you’ll accumulate.

Medicaid Compliant Annuities

Experienced Medicaid planners use Medicaid compliant annuities and life insurance with funeral trusts frequently to help accelerate eligibility for benefits.

Your past hasn’t followed the same path as anyone else’s, so it only makes sense that the plan for your future has the flexibility to adapt to your unique road. Learn more about the types of annuities that can benefit you, no matter where you’re headed.

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Start Your Journey with ELCO Mutual

Get in touch with a member of our team and let us become a part of your financial plan. We’ll help determine the best annuity to ensure you have income when you need it the most.

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