ELCO Mutual Life and Annuity
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Annuity review

Guardian Eagle Flex

Guardian Eagle Flex offers a flexible premium deferred annuity that really adapts to your needs. It lets you grow your money on your own terms, either with a one-time contribution or a series of payments. The bonus? It keeps on growing as it's tax-deferred until withdrawn and guarantees a minimum interest rate. It's brilliant for those aged between 18 and 90 with a budget-friendly minimum premium of just $100.

It's impressive how it easily gives you access to your interest anytime just after the first 30 days, without any withdrawal charges. Even more, the highlight of this annuity is its liquidity options. You can avail 15% of the deposit amount without any penalty, once yearly after the first contract year. As good an alternative to CDs it is, Guardian Eagle Flex stands out for its higher interest rates and tax-deferred benefits.

Guardian Eagle Flex-brochure Guardian Eagle Flex-brochure

Guardian Eagle Flex

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About Product

Premium Type
Flexible Premium
Fee withdrawal:
15% (From Year 2)
Market Value Adjustment
No
Return Of Premium
No
Minimum Contribution
$100
Maximum Contribution
$100,000
Min Age Qualified
18
Max Age Qualified
90
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, IRA-Roth, Inherited IRA, and NQ Stretch

Traditional Fixed Annuity Interest Rates

Surrender Years First Year Yield Term Guaranteed Yield Term Current Yield
5 4.25% 3.25% 4.25%
A flexible premium deferred annuity is a simplified product offering that is used to grow your money over time. While most annuities only allow for a single payment, this flexible product gives you the choice of making just one contribution or a series of payments—whichever better fits your budget. Because this annuity is tax-deferred, your money is not taxed until it’s withdrawn, so it will keep accumulating over time with a guaranteed minimum crediting interest rate.

Product Details
Issue Ages: 18-90
Minimum Premium: $100
Maximum Premium (per year): $100,000
Per Family: $500,000
Additional premiums (subsequent payments) accepted as a Lump Sum or periodic payments.
Qualified and Non-Qualified options available.

Liquidity Options
Interest: Available at any time after the first 30 days. Interest withdrawals are taken without incurring withdrawal charges. 
Penalty Free Withdrawal: 15% of the principal is available once per contract year, beginning in the second contract year. 

Year by Year Account Balance

Understand how your money will increase when invested in Guardian Eagle Flex.
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No Riders for Guardian Eagle Flex annuity.

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Company Founded: 1946
Good Rated Company
ELCO Mutual Life and Annuity
Company Ratings
4.3
  • A.M. Best B++
  • Comdex 37
Assets: $1,036,749,540
Illinois

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