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



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.


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.

Renters Insurance

Even though you are not paying a mortgage on the space you are living in, you are still susceptible to all of the same risks as a homeowner. Although renters insurance in not always required, it is necessary not only to protect your valuable items but also to provide liability protection in the event someone is hurt in your dwelling. Before you shop for renters insurance, take inventory of what you own, including televisions, laptops, furniture, clothing and dishware to determine the level of coverage best suited for your situation. Available coverages include:

  • Personal property
  • Personal liability
  • Medical payments
  • Coverage for your living expenses if you are unable to live in your home because of a covered loss
  • Financial protection if property is stolen or damaged

It is important to note that like homeowners insurance, renters insurance does not cover extremely valuable jewelry, art work or antiques, and additional coverages can be added to protect these properties.

Tenant Dwelling Insurance

Just as with renters insurance, tenant dwelling insurance can protect you from liability in the event a renter or guest is injured in a property you own. The experts at Lassen, Marine & Webster will help you assess factors that will affect your premium, including age of building, number of rental units and the type of construction to design a policy that is comprehensive and affordable.