ELCO Mutual Hires Chief Strategy Officer

Casual Portrait 1119 Tim Heaton joins ELCO Mutual as Senior Vice President and Chief Strategy Officer.

Tim has over 30 years of experience in the life and health insurance industries in an array of high-level roles. He previously held positions as Vice President of Actuarial Services, Chief Operating Officer, and Senior Vice President of Strategic Services. Most recently, Tim has been consulting with companies on their strategic planning and product development projects. He has extensive experience in cultivating and executing strategies resulting in growth in revenue and financial strength. He will be responsible for overseeing all strategic initiatives at ELCO Mutual while navigating the path to meet the company’s growth objectives.

President and CEO David Bruce stated: “The company is excited to have Tim coming aboard. He is the perfect choice to help ELCO take the next step in its evolution and enhance the product portfolio for both our policyholders and agents.”

The ELCO Mutual family welcomes Tim and looks forward to building a better future together.

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.