ELCO Mutual Life & Annuity is a life insurance and annuity company. It offers single premium deferred and immediate annuities; and traditional whole life, single premium whole life insurance, joint single premium whole life, life underwriting process, and pre-need and final expense solutions. The company was formerly known as Employees Life Company and changed its name to ELCO Mutual Life & Annuity in 2012. ELCO Mutual Life & Annuity was founded in 1946 and is based in Lake Bluff, Illinois.

Unlike stock-based companies, a mutual company is an organization completely owned by its policyholders. This is why we treat every client like they’re a part of our ELCO Mutual family. Any profits we accumulate can contribute to an annual dividend that all policyholders with participating contracts are eligible to receive. Unlike stock companies, which send their dividends to investors, we send our dividends right back to the policyholders.