Guardian Eagle (10-Year)
Guardian Eagle (10-Year) annuity comes with the peace of mind that your investment will grow at a guaranteed interest rate on a tax-deferred basis. This smart choice offers higher returns than Certificates of Deposit too, allowing your retirement nest egg to flourish. You also enjoy the flexibility of choosing what to do with your funds when the guaranteed term ends.
You're also treated to top-notch customer service at ELCO Mutual, a company assisting seniors with financial planning for over 75 years. Reaping the benefits of compound interest, tax-deferral, and flexible premium options, this annuity ensures your golden years will indeed shine bright. Partake in the Guardian Eagle (10-year) annuity today and secure a worry-free future.
Guardian Eagle (10-Year)
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 10 years | 4.85% |
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. Guardian Eagle can also be funded by qualified rollovers or from the transfer of other non-qualified funds. The minimum amount required to open a Guardian Eagle contract varies based on the term. You can open a one-year contract with a minimum of $20,000. All other guaranteed terms have a minimum of $10,000 for non-qualified funds and $5,000 for qualified funds.
Liquidity Options
- Free Withdrawal: 15% of the principal (remaining principal, not original) once per contract year.
- 15% penalty free withdrawal is available in the first contract year on the 10-year MYGA term after 30 days
- Accrued Interest is available at any time
Riders
No Riders for Guardian Eagle (10-Year) annuity.
Waivers
Nursing Home
A nursing home feature can waive all withdrawal charges for qualifying conditions at no additional cost.
Terminal Illness
A terminal illness feature can waive all withdrawal charges for qualifying conditions at no additional cost.
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