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.

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.

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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.

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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.

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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.

Who We Serve

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.

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. Continue Reading View Less