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
(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