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

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.


Due to the growing liability exposures facing farm owners today, an umbrella insurance policy is a cost-effective way to add more coverage to your farm insurance policy, ensuring you are adequately insured in the case of an emergency.

Farm owners deserve peace-of-mind when dealing with daily farm tasks. An umbrella policy is an inexpensive way to add additional coverage to your farm insurance policy.

Umbrella insurance adds more coverage and security over your farms auto, property, and even extends your farm personal liability coverage to ensure your farm’s future for years to come. Farm consolidation includes:

  • Additional farm help
  • Increasing use of vehicles to move commodities
  • Livestock
  • Equipment
  • Increased liability association with daily operations