Frequently Asked Questions

Can an existing life insurance policy be used to provide for the repayment of an outstanding mortgage loan?

Yes: the purchase of a new mortgage protection term insurance policy is usually not required by the lender. An existing policy, either term or cash-value life insurance, can be used for many purposes, including paying off an outstanding mortgage loan balance in the event of the insured’s death.
Credit life insurance is frequently recommended in conjunction with the taking out of an installment loan when purchasing expensive appliances or a new car, or for debt consolation. Is credit life insurance a good buy?

Credit life insurance is frequently more expensive than traditional term life insurance. Further, if you already own a sufficient amount of life insurance to cover your financial needs, including debt repayment, the purchase of credit life insurance is normally not advisable due to its relatively high cost.

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Contact Information

Churchville location »
2907 Churchville Road, P. O. Box 70
Churchville, MD 21028
(800)519-8387

Elkton location »
211 West Main Street
Elkton, MD 21922
(800)519-8387

At Lassen, Marine & Webster, our goal is to provide our clients with an insurance plan that is tailored to fit their insurance needs. Every client is assigned to an account executive and customer service agent who are licensed and qualified to answer all of their insurance questions.

How We Can Help:

  • Daily Service Requirements
    • Certificates of Insurance
    • Exposure Changes
    • Coverage Inquires
    • Billing Inquires
  • Annual Insurance Review – Upon request, we will conduct an annual review of your insurance policies to evaluate insurance values, levels of coverage changes in exposures, etc.
  • Review insurance requirements in Lease Agreements
  • Review Certificate Requirements
  • Provide assistance in the resolution of your claims.
  • Obtain and review loss runs
  • Monitor Insurance Services
    • Loss Control
    • Auditing
    • Claims
  • If needed, remarket your insurance program to our other insurance companies
  • Assist in Obtaining State Safety Credits
    • Workplace Safety
    • Construction Class Premium Adjustment
  • Inform you of new products or exposures specific to your insurance needs.