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Recent Blogs About Annuities (2)

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7 min read

How Annuities Can Enhance Retirement

Setting up an annuity for retirement can be a great way to help you ensure that you have the money you need to pay your living expenses in your life after work. Retirement annuities can be used to cre...

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May 05, 2023 | 7 min read

How Annuities Can Enhance Retirement

Setting up an annuity for retirement can be a great way to help you ensure that you have the money you need to pay your living expenses in y...

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Apr 27, 2023 | 8 min read

5 Ways to Invest Your Tax Refund

Tax time can be incredibly stressful for a number of reasons—not the least of which is simply navigating the incredibly complicated tax laws...

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Mar 30, 2023 | 7 min read

How Annuities Can Help You Achieve Retirement Goals

Retirement planning is something a lot of people don’t think about until it’s too late. The key to meeting your retirement goals is preparin...

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Mar 16, 2023 | 4 min read

Understanding Fixed Rate vs Variable Annuities

When planning for your future, it is critical to understand what options are available to keep your finances secure. Annuities are an excell...

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Mar 02, 2023 | 5 min read

Understanding How a Medicaid Compliant Annuity Can Help You

As Americans age, they face the reality of needing long-term care in their retirement years. Unfortunately, many people determine that the c...

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Jan 05, 2023 | 6 min read

What Is a Medicaid Compliant Annuity? + How to Sell Them

Caring for aging loved ones is difficult, especially when you consider all the stressors involved. People become caregivers for their aging ...

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Oct 20, 2022 | 5 min read

Leveraging a Hot Annuities Market With Risk Averse Clients

While sales might be your goal, your role as an independent life insurance agent goes well beyond selling. For many of your clients you’re a...

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Apr 30, 2021 | 3 min read

How Does an Annuity Work?

An annuity is a financial product that, in exchange for one or more up-front payments, provides a stream of income to the annuity holder (an...

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Dec 10, 2020 | 10 min read

Deferred Annuities vs. Immediate Annuities: What’s the Difference?

For many Americans, the events of recent years have really highlighted the importance of having reliable income streams to help us fulfill o...

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Feb 21, 2020 | 2 min read

The Difference Between Compound and Simple Interest

If you’re borrowing money, interest is the cost you pay to borrow. In the case of investment, interest is a way invested funds can generate ...

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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. 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.