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
(800)519-8387

Elkton location »
211 West Main Street
Elkton, MD 21922
(800)519-8387

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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.


 

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.

For many people, their home is the single most valuable thing they own – and of course most homes are filled with many other necessities including clothing, furniture, electronics and more. Finding comprehensive homeowner’s insurance is critical to protecting these cherished possessions. The basic coverages that are necessary for every homeowners policy include:

  • Dwelling Limit
  • Personal Property
  • Personal Liability
  • Medical Payments

But if you think homeowners insurance covers everything, think again. If your waterfront property includes a dock and boat, you need more than a basic homeowner’s policy. A basic homeowners policy also will not cover your antiques, expensive jewelry or valuable artwork. A single piece of lost or stolen jewelry could exceed the limit designated by your policy. Lassen, Marine & Webster will ask you questions designed to make sure you are fully protected, and can help you obtain coverage extensions including:

  • Jewelry, fine arts and antiques
  • Identity theft
  • Flood
  • Water backup of sewers and drains