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

Elkton location »
211 West Main Street
Elkton, MD 21922



As farm specialists in the Harford and Cecil County area, Lassen, Marine & Webster can assess your unique needs and risks to recommend the best insurance for you whether you’re running a large-scale operation or small family farm.


Farm property insurance protects your farm’s physical assets, including your dwelling and household personal property, farm personal property and barns, stables, silos and other structures found on your farm.

Farm property insurance is one of the most important investments you can make in your farm to ensure the future of its operation. At Lassen, Marine & Webster we understand that each individual farm is unique and can tailor a policy that covers anything from dwellings, mobile homes and rented dwellings to the contents found within those structures and other buildings as well as outdoor equipment like detached garages, in-ground pools, outdoor radio and landscaping.

A farm is not just someone’s home, but place of businessm and farm property insurance treats it as one by providing coverages for debris removal, credit card theft and loss of use and counterfeit money. Additional coverages include, but are not limited to:

  • Back-up of sewer & drains
  • Building ordinance or law
  • Dwellings under construction
  • Theft
  • Personal Injury
  • Medical Payments

Please beware that you will still need to schedule any extremely valuable property separately, including jewelry, antiques, guns and artwork.