Robert Pennington, Life Insurance Broker
Robert Pennington
Robert Pennington & Assoc., Inc
Life Insurance Broker Licensed in NC, GA, SC and VA
24+ Years of Experience
Contact Details
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Location
Burlington, NC
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About Me
Hey there, my name is Robert, and I am here to make life insurance simple. Choosing coverage can feel overwhelming, but I do the heavy lifting by comparing trusted providers on your behalf. Together, we'll find the protection your loved ones deserve — at no cost to you.
Q&A with Robert Pennington
How do you help a client decide between term and whole life insurance?
Answer: I refer to Term Life Insurance as renting insurance for a period of time, such as 10, 20 or 30 years, to cover a financial obligation. This could be covering a young family until they no longer rely on you financially. Whole Life, typically cost more, but can cover you for your life time. Some Whole life Plans can build up cash value.
Is whole life insurance more expensive than term life insurance?
Answer: Yes. Whole life is more expensive and terminates at your death. Whole life can generate cash value. Term life is renting insurance for a period of time 10, 20 or 30 years to cover a financial obligation in the event of death.
How long should my term life insurance policy be — 10, 20, or 30 years?
Answer: That would be determined on the financial obligations you may be trying to cover. It could be a young family until they no longer depend on you financially or covering a home mortgage.