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.

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.