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


I. Introduction:

As a current customer of LASSEN, MARINE & WEBSTER, INC. , we would like to take this opportunity to both thank you for your business and to share with you the importance our agency places upon protecting the privacy of information we gather from you in accordance with applicable state and federal laws.

LASSEN, MARINE & WEBSTER, INC. is a member of the financial services industry and, as such, our agency has been and continues to be subject to federal and state privacy laws regarding the collection and exchange of your information. The following is LASSEN, MARINE & WEBSTER, INC. ’s privacy policy regarding the customer information we collect. Contained in this privacy policy you will find (1) an explanation of the types of information LASSEN, MARINE & WEBSTER, INC. collects from our clients and the means used to collect such information, (2) an explanation of how LASSEN, MARINE & WEBSTER, INC. shares the information collected from our clients, and (3) an explanation of how LASSEN, MARINE & WEBSTER, INC. protects client information.

II. Information we collect and the means used to collect:

LASSEN, MARINE & WEBSTER, INC. collects information about our customers that is necessary to provide those services usual and customary to independent insurance agents. LASSEN, MARINE & WEBSTER, INC. collects this necessary information from the following sources:

• Information we receive from you on applications or other forms, this information may include, but is not limited to, your name, address, and date of birth.
• Information about our clients’ transactions with us; this information may include, but is not limited to, claims and payment history.
• Information we receive from a consumer-reporting agency; this information may include, but is not limited to, a driving record or insurance score report.

To collect customer information from the above-stated sources, LASSEN, MARINE & WEBSTER, INC. may use the following means of communication to gather information: written, in-person, telephone, facsimile, electronically, and online.

III. How we share client information with non-affiliated third parties:

We don’t share information about our customers or former customers with non-affiliated third parties other than as permitted or required by law. For example, LASSEN, MARINE & WEBSTER, INC. may share all of the information listed above with non-affiliated third parties for, including but not limited to, the following reasons:
• Information that is necessary to service or process the insurance needs of our clients, in a manner that is consistent with the usual and customary services provided by independent insurance agents. Such usual and customary services or processes provided by LASSEN, MARINE & WEBSTER, INC. to its customers include but are not limited to underwriting, shopping the renewal, rating, placement, and providing quotes for insurance that is germane to the coverage the customer places with our agency.
• Information that is necessary to protect the confidentiality or security of our client’s records
• Information that is necessary to resolve client disputes or inquiries
• Information that is required by individuals or entities who are assessing our legal compliance.
• Information that is required for LASSEN, MARINE & WEBSTER, INC. to comply with the law.
• To an actuarial or research organization for the purpose of conducting actuarial or research studies
• Information that is necessary to protect against or prevent fraud, unauthorized transactions, claims, or other liability

IV. How we share client information with affiliated parties:

We do not share client information with any affiliate.

V. Our practices regarding information confidentiality and security:

We maintain physical, electronic, and procedural safeguards to guard your information. These safeguards include but are not limited to the following:
• We restrict access to nonpublic personal information about our clients and former clients to those employees who need to know that information in order to assist in providing services or products to the customer.
• We will punish any employees who impermissibly share client information.
• We use a secure Internet and e-mail provider to protect the confidentiality of electronic communications.

LASSEN, MARINE & WEBSTER, INC. appreciates your business and in order to continue building upon that relationship we believe it is necessary, not only from a legal standpoint, but also as a sound business practice that our customers understand the care our agency uses in handling your information. LASSEN, MARINE & WEBSTER, INC. will continue to monitor the effectiveness of this privacy policy.