YOUR INSURANCE CONNECTION

Wesley Knight 0:00
This is a Kun V studios original program. The following is a paid program sponsored by your insurance connection. The content of this program does not reflect the views or opinions of 91.5 jazz and more the University of Nevada, Las Vegas, or the Board of Regents of the Nevada System of Higher Education.

Donald Marquez 0:25
Good morning. This is your insurance connection. I'm your host. Donald Marquez, on your insurance connection, we talk about saving money on auto insurance, homeowners insurance, yes, and we talk about life insurance. Welcome to the show you.

Good morning. My name is Don Marquez. Your host of your insurance connection broadcasting right here at K, U N, V, 91.5, jazz and more. Sunday morning, from 8am to 830 Welcome to my show. I'm a licensed insurance broker right here in state of Nevada, California and and 48 other states in our beautiful country, the United States of America offering home, auto life insurance. Yes, life insurance. I love talking about life insurance, and I want to thank the customers that came in and that listened to this program and purchase insurance through me. And again, I don't charge a broker fee to come see me. I don't you come in. We talk about your insurance. And, you know, it's funny how, when you buy these policies, and they come with no instructions, you know, just a lot of language that you don't quite understand. And you know, 29 years in the business, I'm still trying to understand some of this language that I see what comes across my desk with people purchase. It's just It blows me away. Had a young lady come in Friday with her husband, and she she had purchased a life insurance policy back in in the 90s, mid 90s, and she's been paying, you know what? They told her to pay the minimum fee, a monthly fee, and she's been paying on it now. She came in, she said, I just wanted to get an insurance review on my life insurance policy. Can you just tell me where I'm at? I just I pulled some money out. A while back, I'm making payments to pay that off. But just, I just need to know what this policy, what this policy is doing. Because every now and then she would get a letter to say, you need to pay more money. You need to pay more money. But she never did. She just paid the minimum requirement on on her whole life policy, which is only, which is only $28,000 but she wasn't paying enough into it. You know, she took this out in the 90s, the mid 90s. Now she's in her early 70s, and, you know, she wants to know what the policy is going to do over the next 20 years. We come to find out, the policy would expired two years. Within little over two years, her policy she's been paying on for many, many years, not to something I sold her. Let's get that straight. But it's just the fact that she didn't know she had to pay more money on a policy, although she we received these letters saying that you need to pay this amount you know, to keep your policy going, or we're going to pull the money from your cash value, value. And which they did, they pulled the money from the cash value and to offset the cost of insurance, monthly insurance premium that she should have been paying. Well, make a long story short, when she came in, we reviewed her policy and found out, called the insurance company, she gave me permission to speak in her behalf, her policy would have ran out in two years. She'd have only been in still in the young 70s. She said, No, you mean all the money I paid into this policy and the cash value, everything is gone. I say it's over a little over two years from now. She said, Well, I don't want that to happen to me. I don't want that to happen. What can we do? Okay. So what I did, I contact the insurance company. I gave him a fixed monthly payment that she can afford to pay over and above what she's paying currently. Okay, at this amount, how much insurance can she have and for how long? So what we did, we gave her 20 years. We reduced the face amount down to 20,000 from 28,000 to 20,000 we gave her a premium payment, about 100 and a little of $100 a month, not much little. And some people pay that to get the nails done, a little over $100 a month. And she's happy. She's happy because she has health problems, you know, serious health problems. And she told me, she said, I can't get insurance anywhere. And I told her, we're not going to cancel your current policy. We're just going to make some adjustments on it, you know, just rework the numbers so the numbers will outlast, so you won't outlive the policy. So what we did, we reduced the face amount down a little bit for her, got her fixed. Rate payment. Now the policy would stretch out to age 100 I did it for her. I could do it for you, if that's what we need to do. Or there are some cases where we just need to restart all over again, because the policy you purchased, you part. You purchased it through way of mail, or you bought it online. And unfortunately, those policies come with no insurance agent, no agent is going to sit down with you and explain to you Mr. Mrs. Insured, this is what you purchased. You know, her husband came in, similar story. He came in, he showed me his policy. I called him up, called his insurance company up and asked him questions about his policy. How much cash value was in the policy, the face amount. I was curious about the premium he was paying. I thought that was a lot. He took out the policy only a few years ago. But what we did at your insurance connection, because I represent 60 life insurance companies. You know, I took his $10,000 policy, he got about a little, a little over $1,000 and then we gave him a policy twice the amount, face amount. We went from 10 to $20,000 again, this is not a policy I sold to him three years ago. He bought this on his own. We've doubled the face amount, and there was a minimal difference. Will he pay every month? Very minimal. And he said, what? I said, you know, if you saw me back three years ago, and he knew I was doing this three years ago, but he just tried to do things on his own, and he was paying twice as much what he should have been paying. And this is what happens. You know, these companies, unfortunately, they target seniors, you know, in your mid 60s, 70s, 80s, you know, but if you're 85 or 86 years young, 85 you can still get a life insurance policy. 86 game over, time has expired, but you have up into 85 years young to get a life insurance policy. What are you waiting on? And you don't want to wait till you get in your late 70s and talking about buying a policy, you can but it's going to be expensive, as you know. You know how it goes. So you know by sitting back waiting, or if you do have a current life insurance policy, and you experiencing the policy going up, or you see your cash value, leaving your policy on your annual report. You receive a statement on your annual life insurance policy is going to show you you your cash value that's in the policy is going to show you the length of the policy and how much you need to pay. It's called a target premium. What is a target premium? When you purchase a life insurance policy? We have these policies called flexible premium life insurance policies. They'll tell you, this is the minimum you need to pay, but really you should be paying more. But a lot of times, you know, these companies will offer you these flexible policies to get you started now. Now, once you get started, you kind of in, and if your health changes, you kind of in the policy because you really can't afford to give it up. But you know what I do? I look at your policy, and we make adjustments within your life insurance policy, or if it's advantageous for you to get purchase a new policy, we can start all over. Get that, get the cash value from the current policy, put that in your pocket, that's your money, and restart you all over again. I've, I've seen people cancel policies and get as much as, you know, over $20,000 back because of where the policy was headed. Was it was going to cost them a lot more as they got older, or as they got older. You know, the policy would expire, and they said, no, no, no, I don't want that. So, okay, take your cash value. Let's start fresh with a brand new policy, with a fixed rate, premium fixed rates. You know, when you have a fixed rate, rates and benefits are locked in for the life of the policy. It makes all the difference in the world. It makes all the difference in the world, because we all live on a budget, right? And especially, you know, our current environment. You know, going to the grocery store, oh my god, I only get what I you know, I don't buy the extras anymore. I just buy a lot of food and for food that I can freeze,

because, you know, I don't want to take any chances with this current environment that we're in. But that being said, Of course, everyone lives on a budget, and I make sure that you can't afford the life insurance, because one of the one of the key questions I ask is, how much can you afford to pay each month for your life insurance policy? How much can you afford to pay each month for your life insurance policy? That makes everything so much easier. Well, you know, I don't do this back and forth. Oh, well, how would you what do you have? I mean, I have a lot of choices, but when I ask you your health, what medica? Medications you're currently taking, not prescribed, only prescribed medications. You know, if you're taking aspirin over the counter, that's fine, that's over the counter medication, but I'm only looking for for prescribed medication that you're currently taking. And this is why some companies there's no health examination to apply, just a few health questions. And this is why I need to know what your medications are, especially if you have, you know chronic illnesses, if you have lupus, cancer, multiple sclerosis. You know organ transplant. If you smoker, you have COPD, emphysema, Alzheimer's, dementia. You know, drug, alcohol, abuse, you need a policy that's suited for you. You need now if you have a felony, I have a life insurance policy and get you up to $35,000 of coverage if you have a felony. Now, there's many companies out there will not write a felon, you know, but I do have a policy you can write up $35,000 in Whole Life coverage, no health benefits, no health examination to apply, just a few of questions. My name is Don Marquez. I broadcast right here at K, U, N, V, 91.5, jazz and more. Sunday mornings from 8am to 8:30am I'm here for you. 702-236-2624 702-236-2624 is my contact number. My office hours are Monday through Friday, from 10am to 5pm located so Howard Rancho in the US bank center, I work by appointment, 702-236-2624, I'm located on the eighth floor, and I work by appointment. I know some of you have popped up, but I'm either I'm I'm with the customers. I'm my time is I dedicate at least an hour and a half to almost two hours per customer. So if you just pop up, it's not a good idea to pop up, because when I'm done with my customers for the day, I'm out, and sometimes I'm I'm working remote. I may be working remote, not in my office, I may be in the field. So it's always good to follow up with an appointment. Contact number 6702236, 67022362624, 702-236-2624, you know, final expense, life insurance is something that we all need. We all need. You can add a child rider 17 years or younger. That pot, that child will be insured until age 25 then they'll spin off on their own life insurance policy. And with these accidental policies that many of you have that listening to this program right now, you just throwing your money away, accidental only, I'm talking about, and also that travel accident insurance, you're just burning money. That's all it is, because insurance companies really don't pay out claims on those, those accidental only policies. 29 in the years in the business, and I've never known an accidental only life insurance policy to pay out. I don't offer accidental only I don't believe in those accidental only policies, unless you live in an Evil Knievel lifestyle. Now, if you're racing cars and jumping out of airplanes, and you know, that kind of lifestyle. Well, maybe you need some accidental insurance, or maybe an astronaut, or, you know, maybe you need, like, accidental only life insurance, or you mountain climb, you need accidental insurance. Or if you, you know, you race boats cars, you probably will need accidental only. But if you live in your life like most of us do, getting up day to day, have our cup of coffee, you know, look at the news a little bit as much as we can stand anyway, and have your life go on. And you know, things do come up as we will no and we hear about people that, wow, he he was young, like George Foreman. You know, that's for an example, George Foreman in his mid 70s, 76 years young. I believe that came as a shock to me. George Foreman here, here's a guy who was heavyweight champion of the world. I used to see him at Bally's when I worked at Bally's, and he was trying to make his comeback at Bally's, but he would work out at Bally's, and he was a big man, and he would have his fights over Caesar's Palace, but in excellent condition. You know, he was a minister. You know, he had a large family, May his soul rest in paradise, Mr. George Foreman, just shocked. We never know. You know. It would make my my job a lot easier what I do as an insurance agent, if we knew the exact time, you know when, when our time is up, we don't know. That's the mystery of life. Life we don't know, Here today, gone today. That's what my uncle used to say. Because, you know people back in the day, they used to say, Here today, gone tomorrow. Ah, my uncle changed that up. He said, No, are you here today? You you can't be gone today. But do you have your home in order? Do you have a will? Do you have a trust. I'm not an attorney. I don't write, I don't write wills or trust. Let's get that straight. But if you have property, if you have assets, you know, you want that via smooth transition. Listen, I want everybody to be around for a very, very long time and eat healthy, you know, have a healthy lifestyle, yeah, if you can, you know, fast once that one day a week, I'm trying to do that. It's kind of hard, but, you know, or I eat one meal a day. So, you know, I get up in the morning, I juice my my vegetables, or my apples, my fruits, and put it all in the blender, let it blend really, really well with a little turmeric, and I drink that, and that holds me all day. That's my breakfast, and that holds me all day. Now, when it comes five, six o'clock, I'm ready to eat. I have to go home and cook me something, because I prefer going home and cooking my own meals, because I know they're a lot healthier than you never know what you're getting in the restaurants these days, but you know, good health will carry you a long way. And I'm pretty sure George Foreman was in good health, but again, you could be healthy. And we never, never know. If you don't have a life insurance policy, then you're on the fence about getting life insurance. Let's sit down and have a conversation about securing your family's future, taking care of your final expenses with the cost of funeral today and anywhere from 15 to $20,000 it's time to have life insurance. It's time to have a conversation so your family won't go into debt, extreme debt. Pay for a funeral. 15 20,000 pay a car, 15, 20,000 that's close to 40 grand. Right to pay the mortgage for until the home is sold. Pay the mortgage for, okay, mortgage or mortgage. You know, people have to pay their mortgage. Dad died. Now I have to pay the mortgage till the home is sold. And you had me have to pay the mortgage for three, four or five months into that home is sold. But now you have to, and now, when the home is sold, or before the home is sold, you have to pull all the furniture out of the home. You have to pull all the furniture out of the home. You have to get it ready for sale. Paint, you know, maybe landscaping. It's a lot to do. It's a lot to do. And if Dad had multiple properties, you know, what are you gonna do? But dad had no life insurance because he said, Well, you know, Dad says, worry about dad with life insurance policy. When my dad maybe didn't worry about a life insurance policy because he has multiple properties. But you have to sell these properties. You have to maintain them for the sale. People go into debt up to 60, you know, $60,000 in the United States, that's a lot of debt, $60,000 and it's not that's immediate debt, by the way, on top of what you already are carrying. Everyone carries debt. So now you have a $60,000 bill on top of what you already have. One of the top reasons why people file bankruptcy is because losing a loved one or a spouse, and now you have to file bankruptcy or move out of your home because you didn't you know you took all these nice vacations, drive nice cars, nice clothes, going out to finest restaurants, go see all the shows on the strip, and you're not securing your family for life insurance. I see in this business, 29 years in this business,

I see people concerned more about the car insurance than the holiday life insurance, a car that depreciates. But it seemed lately, the car insurance has appreciated in it, and it truly has. It truly has. I've never seen rates this high ever. 29 years in the business. You know, no company is competitive anymore. Not hearing Southern Nevada, I don't, I can't tell you what's going on. People ask that question all the time, why my rates going up? I you know, it's a lot. It's a lot. I mean, I've seen people like, Are you really serious? Are you paying that much money? And I try to find a lower rate for you on your auto insurance, I really do. But unfortunately, a lot of these insurance companies, auto insurance companies are leaving Nevada, California. I can only write life insurance. I'm licensed in California to write life insurance because, of course, with the fires and everything. Now, if you you know, if you lost your property in California or in your home. Owner's insurance policy or your renter's insurance policy, you have what we call loss of use. File a claim for that coverage. They'll tell you exactly what it what it does, it'll pay you additional money while your home is being rebuilt. Now that's up to 12 months for more. For the most part, I don't think most people homes would be building to many, many years down the road. You know, that's just my opinion. But I look at it like a contractor probably would look at it, okay, I could build this house on the hill for like, $3 million or I can build this three bedroom, two and a half bath for, you know, less than 300,000 which, which, what property Do you think the build is going to go after? First he's going to go after the high dollar home, because he's going to make much more money with the same manpower, you know, with the same manpower. So, you know what, I'm gonna direct all my my crew over here to build this $3 million house. And these, these smaller homes, you know, the three bedroom, four bedrooms, they're probably going to be last on the list, on the bucket list, to get rebuilt. But while you're waiting for your home to get rebuilt, you know, take advantage of your coverages that you currently have, loss of use, loss of uses, of coverage you have on your homeowners policy as well as your renter's insurance policy, to pay you additional money while your home is being rebuilt, or, if you're a renter, while you're displaced, you can get additional funds you you have to work with your insurance company. It's always good to have an agent. Now I encourage you to contact your insurance agent. Do not try to do this alone. This is why, this is the reason why insurance companies have insurance agents. Communicate with your insurance agent, regardless of where you are, make sure you you you you talk, you ask the right questions with your insurance agent to go over your policy with you and get a review. And most of you, when you receive your policy in the mail, the first thing you want to do is look at the price. I get it. I do because when I get my power bill, the first thing I look at is a price. I don't look at the kilowatts. I look at my power bill, okay, but you know, this is what most people do. They look at the price, not look at the coverages. And as an insurance professional, I want to know what current coverages you have. As I said earlier in the program, when a young couple come the couple, couple came in Friday, I completely helped them, you know, get out of the situation they were in. The gentleman's was paying twice as much for less coverage. I doubled the coverage. And it was a minimal difference, just minimal, you know, minimal difference, you know, it was, it was a lot less to go to Denny's, you know, than it was what the different was on his policy. So it can be done to settle everything you can't afford it. I can work with with any budget, and don't get fooled about this gimmicks on television. Rate started low at 999 and, you know, and I had a customer call me and they said, Well, you know, I want that 999 plan. Do you offer that plan? I said, No, no, I don't. But you know the I said, What is your current age? They tell me, Well, I'm 74 so let's look at your 999 plan. How much life insurance you will get for 999 and I do have access to to getting quotes, getting that information, the rate for 991 exactly came out to be $540 worth of life insurance coverage. Let me say that again, when I had a customer call me and said, I want that 999 plan, which I don't offer that coverage, because it's it's a bait and switch. So you call in for the 999 plan and they'll bait you to the real plan. It's not 999 per month. You can't you can't get anything, but not very little insurance for 999, 9999 a month. When a young lady contacted me, she said, I want that policy. How much insurance do I have? So putting our age in, playing with the computer a little bit, it came out to be $540 $540 for the 999 plan. Now, again, I don't offer the plan, but I can get pretty close, you know, I have access to two different web engines, quoting engines for life insurance to get it close as I can to that 999 I got the 991 to keep it under $10 as a for a quote. But the reality is like this, when you call and you think you can get something for 999, okay, it's misleading. Then they switch you to the real plan to say, Okay, if you. Get this plan. It's gonna Oh, but this is not the 999 is you advertise. But, you know, if you listen, they say rate start as low as 999 and who buys that? I don't know it. I'm paying for it doesn't pay for much. But, you know, everybody's on the budget. I understand but, and they understand it too. The gimmick is 999 get your attention. $9.99 get your attention, and you pick up the phone and you call them, and now they they connect you with the real rates, and it's going to be a lot more than 999, I guarantee it. I offer policies, rates and benefits are paid within 24 hours. Whole Life Insurance, no medical exam to apply for just a few other questions, one page, easy application. There yes or no answers, only 12 questions. By the way, most people qualify even with health issues, no health examination. That's a big one. Rates and benefits are locked in for the life of the policy, and it does come with accidental death enhancement. See, I don't mind an accidental policy attached to a regular life insurance policy that will cover financial causes. Accidental only will not cover for will not cover for natural causes, though, please understand this, if you've been paying on these accident only policy for many, many years, and you just pass away in your sleep. For an example, you will not pay your beneficiaries. It just won't, because you didn't die. I'm an accident. My name is Don Marquez. For more information, my number is 7022362624702236, 702-236-2624 located right on the corner of Sahara Rancho in the US bank center. I'm located on the eighth floor. I work by appointment. My business hours Monday through Friday, from 10am to 5pm 702-236-2620 Oh, 2236, 2624, broadcasting right here. Kumv, 91.5 now we're going on three years, and it's been a great three years. I want to thank Dr Ridley for this amazing opportunity. My, my engineer, Wes, he's the best. Keeping, keeping us, keeping our time, you know, keeping watching that clock, because we have many shows right here at KU and B 91.5 many talk shows on the weekend, giving you, educating you. This is an educational program. And our music, our jazz. I love the jazz and you know, and more, from a relaxing, you know, at work, listening to a jazz calms me down in my car driving down the road listening to the jazz con calms me down, because I can't do the boom, boom anymore. You know, I'm a senior citizen. Can't do the boom, boom, and you know what I'm talking about. But boom, boom. My name is Don Marquez. This is your insurance connection. 702-236-2624, I want everyone to go out and enjoy this beautiful day right here in Las Vegas, Laval, take a walk. You know, take the dog out. Go for a walk until next week. Everyone, just keep it crispy. Thank you for listening.

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