A.M. Best B++ rated · 2 products
ELCO Mutual Life & Annuity Annuities
ELCO Mutual Life & Annuity is an A.M. Best B++-rated annuity carrier. The current lineup includes 2 multi-year guaranteed annuity products. Below: current annuity rates, financial-strength ratings, product reviews when available, and the full lineup.
Current rating
B++
A.M. Best
Annuity products
2
2 MYGA products
Reviewed
June 9, 2026
Product lineup reviewed against current rates.
Lineup Snapshot
Available annuity families and product-type context.
- Product pages
- 2 MYGA product pages
- Product families
- Guardian Eagle
- Product types
- MYGA
Financial Strength
Financial-strength ratings reflect an insurer's claims-paying ability, not the performance of any annuity contract.
Product Highlights
Current Annuity Highlights
Loading current rates, rider rows, index choices, and contract terms.
Carrier Profile
About ELCO Mutual Life & Annuity
ELCO Mutual Life and Annuity is a mutual insurance company founded in 1946 in Chicago, Illinois. Now headquartered in Lake Bluff, Illinois, ELCO specializes in life insurance and annuity products, serving clients across the United States. As a mutual company, it is owned by its policyholders, allowing profits to contribute to annual dividends for eligible contracts. ELCO emphasizes personalized service, stability, and protection, aiming to provide reliable financial solutions for individuals and families.
Financial Strength In Plain English
ELCO Mutual Life and Annuity holds solid financial strength ratings, including a B++ (Good) from A.M. Best, BBB from KBRA, and a B from Weiss Ratings. These indicate the company maintains a stable outlook and a good ability to meet its insurance obligations.
ARHQ Notes
From Our Coverage
First-party review context and product-page notes, kept separate from current rate tables.
Product Highlights
Short notes from product pages.
Guardian Eagle
A multi-term multi-year guaranteed annuity from ELCO Mutual Life and Annuity, a policyholder-owned mutual carrier — flat declared rates across four terms (3, 5, 7, and 10 years) on a 5-year surrender ladder, with the annual free-withdrawal allowance and state-availability footprint visible directly on this page.
Open product pageGuardian Eagle Flex
A single-term 5-year multi-year guaranteed annuity from ELCO Mutual Life and Annuity, a policyholder-owned mutual carrier — one flat declared rate locked for 5 years, a 5-year surrender ladder whose final-year charge steps down sharply, and a state-availability footprint published as a restricted allow list rather than a full 49-state filing.
Open product pageFeatures
Features
Index options, riders, and term choices pulled into one quick scan.
MYGA Products
Guardian Eagle
2 product pages
Guardian Eagle, Guardian Eagle Flex
Live Coverage
Product Coverage
Each annuity product page links to current rates, terms, and product details.
Important Notes
Items that may differ from older reviews, cached pages, or carrier materials.
ELCO Mutual is currently a MYGA-only carrier profile, with Guardian Eagle and Guardian Eagle Flex listed separately.
Ranked screens may show fewer products after state, premium, product type, strategy, and ranking filters.
Similar product names stay on separate pages when the data maps them as distinct products or contract versions.
Source Links
Carrier and ARHQ product pages used for this profile.
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ELCO Mutual Life & Annuity Product Families
Product-list pages carry the full tables, filters, and detail links.
Free Comparison Report
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