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1 min read

ELCO Mutual Receives Financial Strength Rating Upgrade From KBRA

This action is the IL-based life/annuity company’s second upgrade from a rating agency in six weeks.

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Apr 19, 2023 | 5 min read

Tax Deferral: The Power of Compound Interest | ELCO Mutual

The old saying “There are two things you can’t avoid: Death and taxes” is a popular phrase for a reason. However, while the Internal Revenue...

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Mar 16, 2023 | 2 min read

ELCO's Response to Recent Bank Closures

To our ELCO community:

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Feb 09, 2023 | 0 min read

1099 and 5498 Informative Guides for Tax Season

The 2024 tax season is approaching, and with that comes confusing paperwork. If you currently hold an annuity with ELCO Mutual, you should e...

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Mar 01, 2022 | 3 min read

Patti Bruce: The First Lady of ELCO

Every March, we think about the contributions that women have made in our society. We think about their impact on our lives and what we coul...

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Mar 01, 2022 | 1 min read

Happy Retirement to ELCO Senior VP: Richard Leach

On March 2nd Corporate Secretary Richard Leach will be retiring and starting a new chapter in his life. His 42 years of service are much app...

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Mar 01, 2022 | 4 min read

In Memory of ELCO Chairman: W.D. Bruce

It is with a heavy heart that we announce the passing of our fearless leader, William D. Bruce. He passed away on Friday, February 11, 2022....

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Jul 28, 2021 | 2 min read

W.D. Bruce's Golf Legacy

In honor of National Golf Month, we want to take this time to celebrate ELCO’s most experienced golfer, W.D. Bruce. He is our Chairman Emeri...

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Jun 23, 2021 | 1 min read

ELCO Earns AM Best Rating Increase

We are pleased to announce that AM Best, the world’s most tenured insurance rating agency, has upgraded ELCO Mutual’s financial strength rat...

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Jun 01, 2021 | 2 min read

Bob Bruce: ELCO’s Inspiration to Run on Global Running Day

Each year on the first Wednesday of every month, people come together to celebrate the global phenomenon known as Global Running Day. What s...

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Better Future Secondary White-Gold

ELCO Mutual has been assisting seniors with our financial planning since 1946 and counting. Our goal has remained the same throughout our long history: to provide personalized service, consumer friendly products, and stability for our policyholders.

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Contact Us

Address:
916 Sherwood Drive
Lake Bluff, IL 60044

ELCO Business Hours:
Monday - Thursday 8 am - 4:30 pm (CST)
Friday 8 am - 1 pm (CST)

Talk to Us: 800.321.3526
Agency: 888.240.3351
PHS Fax: 847.295.6043
NB Fax: 847.295.6342
Claims Fax: 847.295.1145

© 2025 All rights reserved.

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.
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