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 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.