Frequently Asked Questions

How much life insurance should an individual own?

Rough “rules of thumb” suggest an amount of life insurance equal to 6 to 8 times annual earnings. However, many factors should be taken into account in determining a more precise estimate of the amount of life insurance needed. Important factors include:
  • Income sources (and amounts) other than salary/earnings
  • Whether or not the individual is married and , if so, what is the spouse’s earning capacity
  • The number of individuals who are financially dependent on the insured
  • The amount of death benefits payable from Social Security and from an employer sponsored life insurance plan
  • Whether any special life insurance needs exist (e.g. mortgage repayment, education fund, state planning need, etc.)

Please contact us for a precise calculation of how much life insurance is needed.

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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

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BUSINESS INSURANCE

Business owners in Harford and Cecil County can rest assured knowing there is a local, independent agent nearby able to access and customize insurance plans to meet the needs of your specific industry and situation.


 

Business Automobile Coverage insures vehicles that are owned, leased, hired or borrowed. From private passenger automobiles to trucks and trailers of any size – from one car to a fleet of various commercial vehicles, Lassen, Marine & Webster will fulfill your Business Auto needs.

Business auto insurance lets you keep your business on the move. Whether you are using vehicles to provide mobility for your employees, products or equipment you will be secure owning a properly written insurance policy. Lassen, Marine & Webster can customize your policy to meet your specific vehicle needs whether you own, lease or rent single vehicles or a fleet. Coverages include:

  • Bodily Injury
  • Property Damage
  • Medical Payments
  • Comprehensive
  • Collision
  • Uninsured/Underinsured Motorist