Fixed annuity review and rates

Guardian Eagle

Guardian Eagle Annuity is a single premium deferred annuity is funded by a single payment and allows your money to grow over a period of time with compound interest. This means the interest builds on the amount that has already accrued, so the longer your money remains untouched, the more opportunity it will have to accumulate. These funds are tax-deferred, so you won’t pay any taxes on this money until it is withdrawn.

All of ELCO’s MYGAs are purchased with a single premium (a lump sum). Contract owners do have 90 days to make additional contributions to their annuity, but no additional funds can be added once that window passes.

Liquidity Options 
  • Free Withdrawal: 15% of the principal (remaining principal, not original) once per contract year beginning in the second contract year.
  • Accrued Interest is available at any time

Interest Rates

Guaranteed Years Surrender Years Guaranteed Yield Current Yield
ELCO Mutual Life and Annuity
Founded: 1946
A.M. Best: B+
S&P: B+
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 15%
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, IRA-Roth, Inherited IRA, and NQ Stretch