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Withdrawals exceeding the annual free-withdrawal limit, or a full surrender during the guarantee period, are subject to surrender charges. Charges decline each year until reaching 0% at the end of the term. All funds become fully penalty-free at the end of the guarantee period or during the 30-day continuation window.

Withdrawals exceeding the free-withdrawal limit or a full surrender during the guarantee period are subject to surrender charges. Charges decline each year until reaching 0% at the end of the term. All funds become fully penalty-free at the end of the guarantee period or during the 30-day continuation window.

None. No annual maintenance or policy fees.

If the owner dies before annuitization, beneficiaries receive the full contract value in a lump sum, unaffected by surrender charges.

No waivers are listed for the single-premium Guardian Eagle MYGA in the official materials provided.

Plus accrued interest is available at any time. Penalty-free withdrawal of principal is allowed once per year beginning in the second contract year up to 15% of remaining principal (not original principal). This provision is available in the first year on 7- and 10-year terms.

 funds. Guardian Eagle MYGA accepts funding from Non-Qualified assets, Traditional IRAs, Roth IRAs, SEP IRAs, 401(k) rollovers, and Inherited IRAs.

Guardian Eagle MYGA is a Single Premium Deferred Annuity (SPDA) that credits a fixed interest rate for the entire duration of the selected guarantee period. The owner makes a one-time premium payment and selects a 1-, 2-, 3-, 5-, 7-, or 10-year term, during which interest grows tax-deferred. After the first contract year, the policy allows annual penalty-free withdrawals of up to 15% of the remaining principal once per year beginning in the second contract year (this provision is available in the first year on the 7- and 10-year terms), while withdrawals above this amount may be subject to surrender charges. At the end of each guarantee period, a 30-day continuation window provides flexibility for renewal, surrender, or transition to another term without penalty.

At the end of each guarantee period, the Guardian Eagle MYGA enters a 30-day renewal window during which the owner may renew the contract for the same term at the declared renewal rate, surrender the policy without any surrender charges, apply the contract value to an available settlement option, select a different guarantee period, or take a partial penalty-free withdrawal and renew the remaining value into a new term. If no election is made during this window, the contract automatically renews for the same guarantee period at the then-current continuation rate.

The surrender value equals the account value minus any applicable surrender charges but not less than the minimum nonforfeiture benefit required by Standard Nonforfeiture Law.

 is a single-premium Multi-Year Guaranteed Annuity (MYGA) issued by ELCO Mutual Life & Annuity that provides fixed, tax-deferred interest growth and full principal protection across 1-, 2-, 3-, 5-, 7-, and 10-year guarantee periods. It delivers predictable, contractually guaranteed rates insulated from market volatility, making it ideal for conservative savers seeking stable accumulation. With penalty-free access to interest and limited penalty-free principal withdrawals as specified in the rate sheet, Guardian Eagle MYGA supports long-term financial planning with security, simplicity, and consistent growth.

ELCO Mutual – Guardian Eagle MYGA