NEW YORK–(BUSINESS WIRE)–On December 21, 2018, Kroll Bond Rating Agency (KBRA) assigned an insurance financial strength rating (IFSR) of BBB- with a Stable Outlook to ELCO Mutual Life and Annuity (ELCO), a life insurance and annuity company based in Lake Bluff, Illinois. The rating reflects ELCO’s consistent strong top-line growth and stable operating income, which is largely being generated by its flagship product, a Medicaid-compliant annuity (MCA). The MCA is a unique product and carries s
