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.


 

Don’t let flood insurance be an afterthought for your businesses. In the Chesapeake bay area, it is a necessary addition to your existing property insurance.

The risk of suffering losses from flood damage is often very high because many business owners do not realize flooding is not covered under their property insurance policy. The only way to protect your personal property, building and valuable information from flood damage is with flood insurance for your business. Whether you are in a designated flood zone or not, you should consider flood insurance coverage because intense rains or winds can bring floods even to non-coastal business locations. Standard coverages include:

  • Building coverage
  • Contents Coverage
  • Replacement Cost