ELCO Mutual Life & Annuity
ELCO Mutual Life & Annuity

Guardian Eagle 5

5.25
%
5
Year Term
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Carrier Information

Company Name
ELCO Mutual Life & Annuity
Product Name
Guardian Eagle 5
AM Best Rating
B++ Good
Carrier Websites
Carrier Phone
Product Description

This annuity ensures you will have money for later in life, and it provides great opportunities for accumulation of your contributed funds. In addition, Guardian Eagle offers beneficial liquidity options. ELCO Mutual offers 15% of the remaining principal once per contract year beginning in the second contract year—compared to only 10% allowed by most other companies—and interest is free at any time.Our Guardian Eagle plan

  • Features hard-to-beat interest rates
  • Includes no hidden fees
  • Has no market value adjustments (MVAs)
  • Provides tremendous liquidity options
  • Is supported by a company with proven longevity
  • Offers a guaranteed minimum interest rate of 3% APY after the guaranteed term.
  • May be annuitized at any time, free of charge – If annuitized, the minimum annuitization period must equal or exceed the contract’s guaranteed term.

Product Overview

Product Type
MYGA
Term
5
Years
Brochure
Not Available In
CT, MA, NH, NJ, NY, RI, VT
Surrender Schedule
5%, 4%, 3%, 2%, 1%

Product Details

Year 1 Rate
5.25
%
Year 2+ Rate
5.25
%
Rate Effective Date
March 15, 2024
Minimum Investment
5000
Maximum Investment
500000
Maximum Age
90
RMD
No
Market Value Adjustment
No
Withdrawal Allowance
Free withdrawal of earned interest after 30 days. 15% free withdrawal once each year after the first year.
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Disclaimer: Rider deductions offered on some products. Rates may vary with certain states. Some products not available in certain states (refer to carrier product state availability grid)