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.


 

Property insurance covers the risk of property loss, either directly or indirectly, to commercial buildings, equipment, furniture, fixtures, inventories, business records, supplies and other physical items.

Entrepreneurs invest a lot of money and time in creating a lucrative business, but what your business suffers an unexpected catastrophe? In just a few minutes you would lose your source of income, personal property, inventory and a huge investment of your personal time and money. To avoid losses both minor and major, make sure you are adequately insured. Lassen, Marine & Webster offers customized insurance packages that cover the following:

  • Property/Building
  • Business Personal Property
  • Business Income