For more than 70 years, ELCO Mutual has been serving customers and helping them plan for later in life. During this time, we’ve developed proven products that have established ELCO Mutual as an efficient part of the insurance world.
Credit ratings through AM Best recognize the financial strength and creditworthiness of companies in the insurance industry. ELCO Mutual’s current rating is a B, with a positive outlook (7th highest of 16 ratings).
Kroll Bond Rating Agency (KBRA) assigns ratings to insurance companies to show their financial condition in relation to their ability to meet the needs of policyholders. ELCO Mutual currently holds a BBB- rating.
In order to provide an effective process for our policyholders, we maintain continuous advancement across the company. We have refined our operation and streamlined our communication efforts to make sure information is always placed into the right hands at the right time. Our goal is to create an environment that motivates and challenges us to improve our performance every day so we can continue offering service that directly benefits our customers.
If you still have questions about insurance, annuities, or planning your finances, you’re not alone. Browse our list of commonly asked questions to learn more about our industry and how ELCO Mutual is dedicated to assisting you.
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 ReadingNot 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