Single Premium Whole Life Insurance
Single Premium Whole Life (SPL) provides many advantages not available elsewhere. Where else can an individual immediately increase his or her estate with the stroke of a pen (signature on an application). The purchase of an SPL provides an excellent method for transferring wealth beneficiary on a tax-free basis. Growth of principal is further enhanced over time with annual dividends.
Qualifying for life insurance can be easier than one might think. One of ELCO’s representatives will be happy to provide more details including a customized life insurance illustration to show how this product can work for you!
Ordinary life, participating and non-participating, are the leaders of traditional products. ELCO also offers group term life insurance for groups of 100 or more lives.
Pre-Need and Final Expense
The most assured event for any life is death. Many individuals prefer to relieve their families from the decisions regarding funeral and burial by making the arrangements while still living (pre-need). Single pay and multi-year pay plans help provide alternatives solutions.
ELCO is active in the Pre-need market in many states. Contact the home office for more details.
Life insurance plans are not available in all states. Contact the home office for more details.