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.

BROWSE ALL >

Subscribe to email feed

 

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

personal-insurance-woman

PERSONAL INSURANCE

Looking for insurance you can rely on at a price you can afford? With 45 years of experience serving clients throughout Maryland, Delaware and Pennsylvania, Lassen, Marine & Webster has the knowledge and resources to design a plan that’s right for you.


 

Personal Insurance

We know that protecting you, your family and your personal belongings is your top priority. At Lassen, Marine & Webster, our personal insurance specialists work with you and our carriers to develop a customized insurance policy that protects your family, home, auto and other valuable possessions for a reasonable price.

The biggest investment most people will ever make is in their home. After making a sizable financial investment in your home it deserves a comprehensive homeowners plan to adequately protect it.

Although you may not own the home or apartment you are currently living in, its contents – from clothes to furniture - belong to you which is why it’s important they are adequately insured.

Protect yourself from the high risk of automobile, boat and RV liability by maintaining an adequate level of coverage for your particular situation. We have excellent policies available through reputable insurance companies and we will be happy to help pinpoint the coverages best suited to your needs.

Personal umbrella coverage is designed to give you additional liability protection above and beyond the limits on your home or auto policies. This protection kicks-in when any claim exceeds the limits already set by your determined insurance policies and protects you from potentially disparaging claims.

No matter what your stage of life, life insurance offers stability for your family’s financial future. Because everyone’s needs are different, it is best to discuss the proper amount of life insurance you need to purchase with a licensed agent. With health insurance you protect not only yourself, but your family in the event of a medical emergency that can potential be very costly.