Simulation & Edit Mode
Active Product: ELCO Mutual – Guardian Eagle MYGA (1-, 2-, 3-, 5-, 7-, 10-Year Terms)
ELCO Mutual – Guardian Eagle MYGA (1-, 2-, 3-, 5-, 7-, 10-Year Terms)
About this product
The ELCO Mutual – Guardian Eagle MYGA 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.
Important Disclaimer
The results displayed here are for simulation purposes only and do not represent financial advice or real-world values. Please consult a qualified financial professional before making any investment decisions.
Available Rates
| 1 Years | 4.50% |
| 2 Years | 4.50% |
| 3 Years | 5.00% |
| 5 Years | 5.25% |
| 7 Years | 5.00% |
| 10 Years | 5.25% |
Available Guarantee Periods
Rates based on investment amount $100,000.00
| $5,000.00 - $500,000.00 | 4.50% |
Features
| Maximum Issue Age | 90 years |
Growth Projection
How your money grows
Based on your issue age (80) and target payout age (90), the following guarantee period will be applied:
| Guarantee Period | 10 years |
| Rate | 5.25% |
| Age | 80 - 90 |
Summary
| Total years to payout | 10 |
| Total guarantee periods applied | 1 |
Lifetime Income Details
Payout Options
Additional Options
Actual payout options may vary by insurance carrier and specific products. Common alternatives include:
Life Income Only
Payments for the rest of your life, stopping upon death
Period Certain
Guaranteed payments for a specific time period (5, 10, 15, or 20 years)
Life with Period Certain
Lifetime payments with a minimum guaranteed period
Joint Life
Payments continue for both you and your spouse's lifetimes
Systematic Withdrawal
Regular withdrawals of a specified amount or percentage