Tim Heaton joins ELCO Mutual as Senior Vice President and Chief Strategy Officer.
Topics: News
We are proud to announce that Jim Palm and Julie Palm will become the National Sales Directors of Preneed for ELCO Mutual Life and Annuity, beginning January 1st.
Topics: News, Preneed Insurance
Topics: News
As the COVID-19 Pandemic continues to disrupt day-to-day life, ELCO is trying to do its part for our community. We donated $5,000 in March to the Northern Illinois Food Pantry which provides food through a network of 800 food pantries, soup kitchens, and youth and senior centers to assist our hungry neighbors.
Dear Policyholders, The COVID-19 pandemic has left many feeling uncertain and uneasy due to the fluctuation in the markets. I am writing to you today to inform you of ELCO Mutual Life and Annuity’s (ELCO) response to the COVID-19 pandemic and the stability of the company.
Topics: News
UPDATE: April 2020 ELCO Mutual Life and Annuity's team remains strong as the implementation of the company's Pandemic Policy has provided a clear path for success during these times. To read more about what ELCO Mutual is doing, please read a letter from our President, David Bruce.
Topics: News
During the beginning of 2020, ELCO Mutual's Board of Directors met for their quarterly meeting. Many positive changes came from this first meeting as ELCO Mutual saw new officers elected and added a new member to its team. In addition to these developments, another adjustment was made.
Topics: News
It’s hard to argue with the fact that numbers are a part of our everyday life. The number 497.6, may not mean much to you or me today, but for many it could be the difference between eating today and having shoes on their feet. Let’s put the letters “lbs” behind that number. Now you can start to see that number a little differently. Those were the letters ELCO Mutual and their partners were able to put behind the amount of food we collected for our program, “Impacting Veteran’s Lives 2018”. Midwest Veterans Closet, located in North Chicago, Il, relies on ...
Topics: News
497.6 It’s hard to argue with the fact that numbers are a part of our everyday life. The number 497.6, may not mean much to you or me today, but for many it could be the difference between eating today and having shoes on their feet. Let’s put the letters “lbs” behind that number. Now you can start to see that number a little differently. Those were the letters ELCO Mutual and their partners were able to put behind the amount of food we collected for our program, “Impacting Veteran’s Lives 2018”. Midwest Veterans Closet, located in North Chicago, Il, ...
Earlier this month, ELCO Mutual sponsored the Survivor’s Tent at the Making Strides Against Breast Cancer Walk in Libertyville, IL. This tent is dedicated to the brave and courageous individuals who have fought and beaten Breast Cancer. Appropriately, October was Breast Cancer Awareness Month. You can show your support by wearing pink and attending local events such as walks. If you are interested in finding a walk near you or would like to donate, visit their website here.
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
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