Current Alerts For This Business
On April 1, 2024 Commissioner of Commerce Grace Arnold (Commissioner) of Minnesota has advised ELCO Mutual Life and Annuity regarding a consent order due to the following allegations:
a. Respondent failed to file notices of appointment for multiple producers who sold insurance on its behalf, in violation of Minn.
b. Respondent paid commissions to an unlicensed insurance producer on multiple occasions, in violation of Minn.
ELCO Mutual Life and Annuity has agreed to pay a civil penalty in the amount of $8,000.00 to the state of Minnesota review and update its policies and procedures to prevent future occurrences of the issues identified above and (ii) provide a report to the Commissioner describing the review and updates within one hundred eighty (180) days of the effective date of this Order. For more details, please click here.
At-a-glance
Related Categories
Overview
Products & Services
Business Details
- Location of This Business
- 916 Sherwood Drive, Lake Bluff, IL 60044-2285
- BBB File Opened:
- 8/1/1982
- Years in Business:
- 78
- Business Started:
- 3/15/1946
- Business Started Locally:
- 3/14/1946
- Business Incorporated:
- 3/15/1946
- Accredited Since:
- 9/1/2016
- Type of Entity:
- Corporation
- Alternate Business Name
- Employees Life Company (Mutual)
- Hours of Operation
Primary
- M:
- 8:00 AM - 4:30 PM
- T:
- 8:00 AM - 4:30 PM
- W:
- 8:00 AM - 4:30 PM
- Th:
- 8:00 AM - 4:30 PM
- F:
- 8:00 AM - 1:00 PM
- Sa:
- Closed
- Su:
- Closed
- Business Management
- Mr. David Bruce, President/CEO
- Ms. Lori Lemme, HR Manager
- Contact Information
Principal
- Mr. David Bruce, President/CEO
- Ms. Lori Lemme, HR Manager
- Additional Contact Information
Fax Numbers
- (847) 295-1145Primary Fax
Phone Numbers
- (888) 240-3351Other Phone
- (847) 295-1145
Customer Complaints
1 Customer Complaints
Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews
File a ComplaintMost Recent Customer Complaint
08/29/2021
- Complaint Type:
- Customer Service Issues
- Status:
- Answered
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