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)

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About Product

Premium Type

Single Premium with Additional

Fee withdrawal:

15%

Market Value Adjustment

Return Of Premium

Minimum Contribution

$5,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, IRA Rollover, IRA Transfer, IRA-Roth, Inherited IRA, and NQ Stretch

MYGA Interest Rates

Term	Rate Annual percentage yield (APY) earned over the investment term
10 years	5%

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 These funds are tax-deferred, so you won’t pay any taxes on this money until it is withdrawn.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. 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