Frequently Asked Questions

Should term insurance or cash value life insurance be purchased?

Although a difficult question – one whose answer will vary depending on circumstances – several principles should be followed in addressing this issue. It must first be recognized that in any life insurance purchasing decision, there are at least two basic questions that must be answered:

  • How much life insurance should I buy?
  • What type of life insurance policy should I buy?

The first question involves an “insurance” decision and the second requires a “financial” decision.
The insurance question should always be resolved first. For example, the amount of life insurance that you need may be so large that the only way it can be afforded is through the purchase of term life insurance (which has a lower premium).

If your ability and willingness to pay life insurance premiums is such that you can afford the desired amount of life insurance under either type of policy, it is then appropriate to consider the “financial” decision – which type of policy to buy. Important factors affecting the “financial decision include your income tax bracket, whether the need for life insurance is short-term or long-term (e.g. over 20 years or longer), and the rate of return on alternative investments possessing similar risk.


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Contact Information

Churchville location »
2907 Churchville Road, P. O. Box 70
Churchville, MD 21028

Elkton location »
211 West Main Street
Elkton, MD 21922

At Lassen, Marine & Webster, our goal is to assist individuals and businesses in analyzing and evaluating insurance risks and obtain the optimum product and price for clients and service client’s needs. We achieve this by offering:

The best insurance coverage for you.

Established in 1966, Lassen, Marine & Webster, Inc. has been providing comprehensive insurance protection to individuals, families, businesses and farms in Harford and Cecil County, Maryland, Delaware and Pennsylvania. As an independent agent and broker, Lassen, Marine & Webster represents numerous national, regional and local insurance companies. Because of these relationships, we are able to provide our clients with comparative quotes and offer the most competitive and comprehensive coverage available.

Personal attention you deserve.

We take pride in our excellent customer service and commit to building professional relationships with our personal and commercial clients. Although we offer a number of ways to contact us, including internet, e-mail and phone, we urge customers to stop into our local offices in Churchville and Elkton.

Knowledge you can depend on.

Continuing education is vital to our ability to best serve our clients, which is why at Lassen, Marine & Webster we are committed to staying abreast of market and regulatory changes. Not only do our agents comply with all state and national insurance licensing regulations, they take pride in pursuing individual certifications that require additional education and training. Our commitment to insurance education translates into knowledgeable recommendations that provide our clients with the most comprehensive coverage available.