Fixed Insurance Product
Fixed Life Insurance
Whole life, simple permanent coverage, and final-expense policies from state-licensed carriers.
Overview
Pebyl Financial offers fixed life insurance policies — whole life, simple permanent, and final-expense — issued by state-licensed life insurance carriers. Pebyl Financial does not offer variable life insurance or any product registered as a security. Policy benefits, premiums, and any cash-value provisions are stated in the policy issued by the carrier. Death benefits are generally received income-tax-free by named beneficiaries under IRC §101(a), subject to applicable exceptions.
How it works
- 1The carrier underwrites the application (health questions and, for some products, an exam)
- 2You pay the premium as stated in the policy
- 3If the policy is in force at the insured's death, the carrier pays the death benefit to the named beneficiary
- 4Permanent policies may accumulate cash value, accessible by loan or withdrawal subject to policy terms
Best for
- Income replacement for households with dependents
- Replacing or supplementing an employer-paid policy that ends at retirement
- Final-expense coverage to help families with end-of-life costs
- Long-term cash-value accumulation inside a permanent policy, where suitable
Considerations
- Permanent coverage premiums are higher than comparable term coverage
- Loans and withdrawals reduce the cash value and death benefit and may have tax consequences if the policy lapses
- Failure to pay premiums may cause the policy to lapse and coverage to end
- Final-expense policies are designed for smaller face amounts (typically $10K–$50K) with simplified underwriting
Fees & charges
- Cost-of-insurance and policy expenses are disclosed in the carrier's illustration
- Permanent policies include internal expense charges disclosed in the policy
- Optional riders (e.g., waiver of premium, accelerated death benefit) carry charges disclosed in the policy
Want a personalized illustration?
A licensed Pebyl Financial agent runs the carrier numbers based on your age, premium, and state. Educational, not a sales pitch.
Important disclosure
Product features, rates, caps, spreads, participation rates, and rider costs are set by the issuing carrier, vary by state, and are subject to change. This page is educational and does not constitute an offer to sell or solicitation to purchase. Guarantees, where referenced, are subject to the claims-paying ability of the issuing insurance carrier.