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.


 

When planning your next special event, prepare for what can happen in the event Mother Nature decides to crash your party. Lassen, Marine & Webster can provide you with special event insurance which provides liability protection for individuals and companies hosting fundraisers, meetings, or other corporate occasions.

In today’s litigious society, individuals, companies or venues planning events are subject to potential liability suits from spectators, contractors, customers and event attendees. Weather is also a factor when planning an event and could potentially cause you a significant financial loss. Whether you are planning a holiday event, play, fundraiser, seasonal events, business conferences, weddings, political event, religious event, etc. talk to your Lassen, Marine & Webster agent about special event insurance. Coverages include, but are not limited to:

  • General Liability
  • Liabilities related to auto and property damages, liquor liability, 3rd part property damage
  • Loss or destruction of rented or owned equipment, sets, props, wardrobes, etc.
  • Losses for medical liability of  event participants and  spectators
  • Protects against bodily injury and property damage claims from:
    • Operations
    • Premises
    • Products and completed operations
    • Advertising
    • Person Injury