Police shot and killed a man who lunged at officers with a butcher knife Saturday morning, shortly after he had fatally stabbed an insurance agent in Olney.

Police said the knife-wielding man had jumped on a bicycle after attacking the businessman and pedaled to a home on the 5800 block of Mascher St., where he ran in to the basement. There, police confronted him and tasered him when he refused to drop the knife. Police said they shot the man when he lunged at them with the knife.

Police have not released the man's name.

Charles Fricker, 52, an insurance salesman from Waterford, N.J., was exiting his car on the 5400 block of N. Third St. at 9:50 a.m., preparing to visit clients and collect payments, when he was stabbed in the chest, police said.

Fricker was pronounced dead at the scene.

"He was just the best man there ever possibly was," said his daughter, Amy Fricker, from the family's Camden County home. "And he was nice to everybody. He was at the wrong place at the wrong time, I guess."

- Kia Gregory