Talk To A Person: 800.321.3526 | Claims: 800.962.8610 | Agency / New Business: 888.872.7954

Moving On Up

Here at ELCO Mutual we are constantly striving to provide our clients with consumer friendly products. For this reason, effective immediately, our single premium tax-deferred annuities (SPDA) will be receiving new and improved guaranteed rates. The multi-year guaranteed APY rates and withdrawal charges+, for each of the contracts, are as follows:

*The one, two and three year plans can be rolled into a five year plan. If a contract owner decides to roll their plan over, their withdrawal charges would become the same as the five year plan. See our annuities page for more details.
+Withdrawal charges apply to withdrawal amounts greater than the 15% penalty-free withdrawal amount. Withdrawal charges do not apply to interest withdrawals.

ELCO’s SPDA interest rates are guaranteed for the specified term chosen. Your money is guaranteed to accumulate value! ELCO’s tax-deferred annuity products have some of the best options built into every contract. These options include:

  • Additional premiums may be added within the 1st 90 days
  • No Market Value Adjustments (MVA)
  • Free interest withdrawals after 1 month
  • Free 15% withdrawals of principle once per year after the 1st year (seven and ten year plans can make the free withdrawal within the first year)
  • Full account value at time of death

Policy form # SPD11-05 and SPD11-10

Available in AL, AR, AZ, CA, CO, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NM, NV, OH, OK, PA, SD, TN, TX, UT, WI, and WV.