We offer great opportunities for financial growth. While they are not guaranteed, the potential dividends you may qualify for are delivered as one-year term additions.
We offer great opportunities for financial growth. While they are not guaranteed, the potential dividends you may qualify for are delivered as one-year term additions.
Yes, there are single pay and multi-pay options available for preneed insurance. Single pay requires a larger sum of money up front (with a minimum premium of $500), while multi-pay allows this money to be spread over a longer period of time.
Eligibility for preneed policies varies depending on the payment option you select.
Guaranteed Issue Single Pay:
This policy can be issued to individuals up to age 95 and requires no underwriting.
Multi-Pay:
The ages at which this type of policy can be issued are dependent upon the number of years over which payments will be spread.
This product also requires you to answer two basic health questions to qualify.
Ready to start preparing for your future? Start by answering the two questions below to start off, and we'll guide you the rest of the way to any information you will need.
Got it! You can easily change your address, switch beneficiaries, set up direct deposits, and withdraw funds easily using one of ELCO's Servicing Forms.
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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
ELCO Business Hours:
M-T 8 am - 4:30 pm (CST)
F 8 am - 1 pm (CST)
Talk to a Person: 800.321.3526
Agency: 888.240.3351
Policy Services Fax: 847.295.6043
New Business Fax: 847.295.6342
Claims Fax: 847.295.1145