Information About Our Annuity Options

The Annuity Information You Need

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.

What Is an Annuity?

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.

View Products at a Glance

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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IMMEDIATE ANNUITIES

Fund retirement income or other financial obligations on your own timeline with an up-front premium that will provide lifelong payments.

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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

Ready to prepare for your future?

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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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 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 age 70 ½. 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 and ICC19-MWL19, Preneed: PNGI-02 and PMP99R2, 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. View Less