YOUR INSURANCE CONNECTION

Wesley Knight 0:00
This is a KU NB 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 0:22
You 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

Donald Marquez 0:46
morning. My name is Don Marquez. This is your insurance connection. Broadcasting right here at a U N, V 91.5, jazz and more early Sunday morning, from 8am to 830 I'm a licensed insurance agent, and I'm so excited because look like we're going to get GEICO is one of our insurance carriers from my agency. I'm really excited about it. We have progressive, we have dairy land, and now we'll I'm hopefully that within the next week or so, I'll be licensed to offer insurance in the state of Nevada through GEICO Insurance. I'm really excited about it, because a lot of insurance companies for auto insurance is leaving the state of Nevada, other than the major companies, like, you know, Allstate, state farms, farmers, etc, but a lot of these smaller companies have left the state of Nevada. But fortunately, look like I'll be able to offer GEICO in a short time to our listeners that listen to K, U, M, V, 91.5, jazz and more. And I want to thank you the listeners that contacted me and purchased home, auto Yes, and life insurance, yeah, I'm excited. I'm 29 years in the business. It'll be 30 years this coming November. I cannot believe I've been licensed this long for 30 years. It seemed like it's a blink of an eye. When I first started as an insurance professional, it was the day before Thanksgiving when I was first licensed back in 1995 right? 1995 it was the day before Thanksgiving. What a wonderful Thanksgiving present to me when I passed the state exam. And from that day on, I've been offering insurance to my community right here in Las Vegas, Nevada, born and raised a student, UNLV. I mean, it was time. Time waits for no one. Time goes by one second at a time, and here we are today. All of us can reflect on 20 years ago and how quickly that went by, when our children was teenagers, and now they're grown with their own homes. Hopefully, they're hopefully when they have their own homes. But Time goes by so quick, and one day you find out, and you know people are passing that you knew and and you grew up watching on television Malcolm. Malcolm Jamal Warner, May his soul rest in paradise. Wow. It was a shock to me, because back in the early 90s, when we watched The Cosby Show, Malcolm was an amazing role model for young, young guys. And you know, growing up, he was definitely a role model. And he went on to perform music, poetry. His father promoted him to read at a young age. You know, Malcolm. Malcolm X made him read books. And when he was like, 3456, years old, made him read books, books, books of poetry. But you know, you see this in this you see the frequency of it growing up, I'm a senior citizen, and I'm happy to say I'm very healthy. Health is wealth. When you when you start turning to certain ages in your life, you should eat a lot more green vegetables, fruits, stay away from you know? I mean, it's okay to eat meat. I think it is okay, but it has to be a balance, and health is your wealth. I talk to a lot of clients. They're on a lot of different medications, and they're concerned about not being able to get life insurance because they don't qualify. You know, there is qualifications that you have to, you know, meet to get the life insurance policy. But I can guide you through the process, step by step. I know what company will accept you. I know what companies will not accept you because of your underlying health conditions. We're talking about, you know, stage one, stage two, cancer. I can get your life insurance policy if you have lupus, diabetes, I can get your life insurance policy. If you've been turned down ever for life insurance because you're or, you know, because of your weight, I can get your life insurance policy. I insured a gentleman. He was 650 pounds. Yes, I went to his home, wrote him up a life insurance policy. Were able to get him $25,000 worth of life insurance. He could not believe it. He said, I don't believe you. Did this, I did it, and that was a while back. I wrote him, and he's still with us today. His daughter contacted me, and she said, I you know, I just want to let you know my dad lost 200 pounds, and he's continuing to lose the weight. God bless him. God bless him. With motivation, there's nothing you can't do if you're a current smoker, and you know, you think about the rates for life insurance, it's okay to be a current smoker, but if you do have a plan to stop smoking, you know, and after 12 months of stop smoking, we can re evaluate you, because we initially we rated you as a smoker. You purchase the policy. Now you're rated as a smoker because you are smoking. But now you say to yourself, you know what I'm gonna do, that new year's resolution, or whenever you don't have to wait till New Year's. This is what you know. This is why I think that people should not wait to New Year's to make a resolution. You can make a resolution today. You can start today making a mind change, reprogram your mind. If you want to stop, stop, you can't quit. You have to stop quitting is, uh, sounds like to me, a temporary quit, but when you stop completely, you know. And if you have to go cold turkey or just wind down slowly, if you stop smoking for 12 full months, and you have a policy rating you as a smoker. You stop for 12 full months, then we can re rate you as a non smoker. My name is Dave Marquez. This is your insurance connection. 702-236-2624, 702-236-2624, is my phone number. I'm a licensed insurance agent, home, auto, light, boat, motorcycle insurance. My Location Sahara Rancho in the US Bank Center, located on the eighth floor. I work by appointment, 702-236-2624, my business hours are Monday through Friday, from 10am to 5pm now if you don't want to come in, that's fine. We do a lot over the phone. I know it's warm outside, and you know, we can do a lot over the phone. I can write your auto insurance over the phone, your boat, your motorcycle, and, yes, your life insurance over the phone. Do it all over the phone. 702-236-2624, row, 2236, 2624, final expense, life insurance. I've talked about it quite often on my show, because we all gonna have a final expense. But yes, we will. We all have a final expense to pay for that very expensive funeral that's that's coming for all of us one day. And we never know. We never know, uh, Malcolm Jamal Warner, or Warner, was in his early 50s, you know. And we never know. We absolutely never know. And as I mature in life, I see the frequency the people that I went to school with grew up with in my community, you know, they're leaving us and they're leaving us without warning. This is what happens. It happens without warning. And unfortunately, you know, it happens sometimes the families three times, three times. In other words, what that means is it comes in numbers of three. You lose a family member, then, you know, six months later, you lose another one and another short time, you lose another family member. That's three family members in a short period of time. That's three funerals in a short period of time, listening to this program right now, you may be responsible for someone else's final expense. Is that fair to you? You may be the one listening to this program that may be responsible for your dad filing expenses for your mom's filing expenses for your grandparents, filing expenses for your children's filing expenses, because you're the responsible person, and you need to be responsible for your own filing expenses. You do because when that day comes and it comes for all of it, the shock of what a funeral cost to date is mind boggling. Just pick up the phone and call any funeral. You know, they'll they'll tell you right away. Okay, well, well, a traditional burial, that's what? A casket, the headstone, the vault. Oh, they put a casket in a vault. Now, yeah, they put the whole casket in a vault so the dirt doesn't touch the casket. It is covered completely. And your casket is laid inside a vault with a lid on top with your name on it. Yeah, I know this is a little bit morbid, and people don't like to talk about death, but it's reality. It is reality. You know, a life insurance policy also is a living, living benefit. It does provide services for you, as far as money. If you need money, you can borrow against a life insurance policy. It's just not only death benefit, but, you know, I'm just trying to prepare you for don't pass on generational debt. Passing on generational debt to one generation to the next is one of the leading causes of bankrupt. Bankruptcy in this country, the average debt left behind is about $60,000 $60,000 to a family member to consume your debt. And I know you say, Well, you know, I'm dead, I don't care, but you should care the debt you leave behind to your spouse. To your your children, they're struggling with their own debt and the cost of living today. Why would you want to add that additional burden? Find a life insurance policy is like buying money now. You can go out and buy the stocks. You can try that. Good luck.

Donald Marquez 10:16
Really. I'm just saying you can buy stocks, real estate. The real estate has to be sold. Make sure there's but you know, if even you purchase real estate, that real estate may need to stay in place and you can sell it because there's loved ones left behind that need the real estate to live in. The real estate is an option, but not so much, because if there's a spouse left behind, you want your spouse, you don't want your spouse have to pack up a move someone somewhere they're not accustomed to, or, you know, they have to reduce their living lifestyle down to something that you know and it's embarrassing. I've seen wives grieve more more and more because their husbands just felt like, Hey, I don't want to leave my wife anything, because she may go out and spend the money on someone else. Well, if you don't leave her anything, she still may have to go get somebody else so she can support herself. You know, don't think. Don't think of it that way. Think of it leaving your legacy behind you regardless, what if you die first? Would you want a legacy, you know, left behind where you know your your your spouse, is not taken care of. I don't understand the mentality of not wanting to protect your family, whether you're here or not, and what I mean by protect your family for financial crisis. You know, let's say you're the main money provider in the household. You're not going to live forever. Let's, let's put that on the table, but you didn't put your wife on your retirement, your Social Security benefits, and she don't make as much as you, or vice versa. Maybe the man don't make much as the spouse, the wife. You know, what kind of position you gonna leave your family and think about that. Think about that for a moment. What position will you leave your family members and your wife, your children. If you don't have any life insurance, no life insurance at all, and you're in your mid 70s with no life insurance, what you see in the mail, just throw it in the trash can because it's advertising and everyone, everyone doesn't fit the same box. You really, really don't. You don't fit the same box because they're offering you life insurance that could be an accidental policy, or they're offering you these short term life insurance policies. Now, some of these companies, even by way of mail, they'll offer you a 10 year policy. Do not ever purchase a 10 year life insurance policy. What are you doing now the only reason you should purchase a 10 year life insurance policy is if you have a business with a business partner. Maybe you want a limited partnership where you know you'll cover the partner and yourself for the first 10 years. I can understand that. Or you say, well, I'll get a 10 year policy right now because it fits in my budget. I have other obligations. I have a car I want to pay off. I have a mortgage. I want to pay off credit card bills, maybe I want to pay off. Then I'll purchase a 10 year policy, and I'll convert it into a larger policy, because I have more money to purchase a life insurance policy. Again, keep in mind, purchasing life insurance, you're buying money. Go to the bank, any bank, and say, I want to borrow $300,000 want to borrow $300,000 and you, and you in your mid 40s, and I want to borrow $300,000 and I want to pay less than $150 a month, they'll look at you, laugh you right out of the thing. But you can, depending on your age and your health, you can purchase a life insurance policy for less than $150 a month, for $300,000 month, $300,000 you could do that. My number is 702-236-2624 My name is Don Marquez. If you just tuning in for the very first time, welcome to my show. I'm a licensed insurance agent for the last 29 years right here in Las Vegas, Nevada, offering home, auto, yes and life insurance. 70223 620, 626, 24 powerful policies, final expense policies, up to $50,000 in coverage that'll build a cash value asset when you borrow money gets a life insurance policy, do find a way to pay it back. Now, the larger policies, you know, if you just now, you do have the option to pay it back and not pay it back. But if you have a larger policy, and you choose not to pay it back, just keep in mind that there is an accumulation of interest on that money borrowed, and it could double every seven years regardless of the amount you purchased. Now on your smaller policies, you have a $10,000 policy, you borrow $1,000 that's going to roll really, really quick, because now your policy now is reduced down to 9000 because you owe money now, when you pass now you haven't paid that money back in seven years. That $1,000 money borrowed could be $2,000 money borrowed because of the interest, because it could double. Every seven years, the money borrowed what I'm talking about. Now, your policy is only worth $8,000 but when you do borrow money, you do have the right to borrow. It is your money, but find a way to pay it back. Now, the payment schedule of paying the money back, it's going to be separate from your life insurance premium you pay every month, and you can pay any amount. It really doesn't matter. Life insurance company is not going to tell you. Not going to tell you. Well, you you borrowed $1,000 and you need to pay $50 a month. You know, around that or more, they're not going to tell you that. You tell them how much you want to pay toward it to offset that interest. My name is Don Marquez. This is your insurance connection. Now, how do you pay for a life insurance policy? Real simple, real easy. It's a monthly premium that comes directly out of your checking account. We want checking accounts because debit cards, they get lost, they get stolen, and the debit card expires. And when it once the debit card or credit card expires, the life insurance company does not know that your card is expired or lost or misplaced. We can add a child right on the life insurance policy, you know. And once that child turns 25 years on, they can spin off on their own policy. We can offer policies that will fit your lifestyle, that'll fit your budget. You can select the due date between the first and the 28th of the month. Simple, it's a simple phone call to me to get the process started, you don't do anything but answer the yes or no question, and to offer you a final expense, life insurance policy, there's a total of well, questions we ask yes or no answers. Are you going to replace your policies? Now let's talk about replacing a life insurance if you have a policy that, let's say you have a term life insurance policy currently. Now, I know I may say to age 95 but that term life insurance policy is going to expire. Wait 20 years, 10 years, 30 years, perhaps. But keep in mind, if you're 58 and younger, there's a possibility, and a non smoker, there's a good chance you can get a 30 year life insurance policy at a young, 58 and younger, you can get 30 years. But if you're like almost 59 it's going to be hard to get that 30 year life insurance policy, because now you can only get 20 years when you buy term life insurance. You want to get as many years as possible. That's what I talked about early in the programming. That's why you don't want to get a 10 year term policy unless there's you know reasons for it. You want to pay off credit cards, car loans, or maybe you have a business with a limited partnership that you want to cover your partner's, you know, investment, you want to cover your part of the investment, and you get a 10 year policy. Well, let's, let's keep in mind, if you have underlying health condition and you've been turned down for life, and you really get fed up with the declines. No, no, no, no. Thank you for applying that Mutual Life Insurance. But, you know, afraid to let you know that we can't, we can't insure you at this time. Well, you know, people get a little, you know, disheartened about that, and they don't know what, where to turn life insurance companies have life insurance agents for a reason, like myself to guide you through the process. As a life insurance broker, I represent multiple companies. Yes, multiple companies. When you go to you know the brand names, the all states, the State Farm, the farmers. And there's nothing wrong with it, because I used to be an Allstate agent myself, but they can only offer you their products only, and if you don't fit in their conservative box. When it comes to life insurance, you're not going to qualify, because they're looking for that customer that that's healthy. They

Donald Marquez 18:35
are. They don't want to take a chance on you know, you're in your mid 70s, and you're taking five different medications. You know, if you're taking a blood thinner, that's gonna be a decline automatic. If you have liver kidney disease, a lot of these companies will decline you what I can find a company that will insure you, because I represent multiple life insurance companies, multiple life insurance companies. I'm here to help you. This is an educational program to educate you about your insurance now, you buy insurance all the time. I ask many people over the years, many years in this business, I ask them, What coverages you have? I don't know. I get full coverage on my car. What company is your life insurance company? I don't know. I know I'm insured, and they come out of my account every month. How much do you pay every month? I don't know, but I know what the policy premium has adjust over time. There's a reason why. There is a reason why and what. What priorities Do you have? Do you have more of a priority to have car insurance, but no life insurance? Now you have car insurance because it is mandatory to have car insurance to drop a vehicle, right? But do you have any life insurance? Do you have any life insurance? You have auto insurance, but no life insurance. You're the asset. Now, the car is going to be here when you go, right, if it's not total out or something like that, but the car will be here and you still be paying on car your family will still be paying on car insurance when you go, all right, cars are a poor investment. I mean, they're great for. Transportation, but they're not a really good investment if you're looking to buy a vehicle right now, I said, find something that's a lot less, you know, spending, you know, up upward, 50,000 plus for a car. That's a lot when you could take, you can get firing something that for half the value. It's just transportation. It's just transportation. You can say, You know what, instead of buying that $60,000 car, let me find something that's a lot less so I can offset to buy a life insurance policy. I could my contact phone number is 702-236-2620 470-223-6262, information, news you can use if you in a position where maybe you can't afford the life insurance, so what you're paying and you're looking to reduce your your expenses, month to month, month to month expenses. I said, Don't go to your life insurance as the first resource. But if you do have to go to life insurance policies, one of the resources to reduce, you can always, don't cancel your policy, but you can reduce down the face amount. Okay? You can call contact your life insurance company. You don't have to contact your agent. You can go right to the company and say, hey, you know what? I have this $300,000 life insurance policy. You know, my finances is a little, you know, tight right now, can I reduce my face amount down? Or, let's say 300,000 let's go to 150,000 and they'll tell you what the rate will be. You can do that. Don't cancel life insurance policy. Or if you turn on the television and you got every premium channel there is with all this television that you paying a lot of money for, you know, maybe you want to look at that first. Maybe you want to look at that first. Or, you know, alternatives to your Wi Fi to reduce the cost. And, you know, there's, there's, there's ways to I got solar on top of my house. I did because I now I I know exactly what my power bill is going to be every month. And to my understanding, power is getting ready to go up for everyone but the solar. Fortunately, you know, with my solar power, I'm real happy with it, and I pay a premium every month, and this is workable in my budget, but I but I got tired of getting that power bill that was extremely expensive every month, and I said, I need to do something about this, you know, to cool my house down or to warm my house up. I need to make some adjustment. So I took advantage of the solar and I love it, absolutely love it, because I know now what my power bill is going to be. Everybody fits right into my budget. Transfer of ownership, and let me say this about a life insurance policy. When you transfer of ownership to another person, what that means is you'll be the owner of the policy. You can pick up the phone, and now you can make any changes to the life insurance policy, and who does this affect and why would you want to transfer of ownership? Now, the person that is insured could be, you know, a loved one, and let's say it's a mother or a dad that's getting up in age, and then, you know, they have Alzheimer's. Now that person that's paying for the policy could be you, right, and you also the primary beneficiary. But as a primary beneficiary and the person that's paying on the life insurance policy out of your account, you cannot pick up the phone call the life insurance company and make any changes on the policy. As a matter of fact, you need to insured person to give their okay to speak in their behalf. Every single phone call, if you called and you talked about 20 minutes to a customer service representative at a life insurance company, because you're trying to make some changes, and you say, Oh, I forgot this other change I need to make, and call them right back and get the same person, they will still need authorization from that insured individual, but as the owner of the life insurance policy, now the person still isn't insured, but now you're the owner. You can make any changes you like. Let's say if you need to change your banking account or change the address, every year in the statement, you will get a financial statement showing how much equity the policy has gained over time. If you have a universal life or whole life policy, not a term policy. Because, you know, I've said this in the past on my show, term does not have a cash value asset. It just doesn't. So having a transfer on overtime is good, because if one of your loved ones have to go to a nursing home, you definitely want to do this before they go into the nursing home. That's News You Can Use. My name is Don Marquez. This is your insurance connection. 702-236-2624 702-236-2624, and one more before I forget, change the beneficiary form. If your current beneficiary has deceased, when you have no contingent beneficiary, you need a beneficiary change form from your insurance company. You don't need to call your agent. Just pick up the phone, call the insurance direct. They'll send you a change of beneficiary form. You'll probably get it a lot quicker than you will through your agent. I'm just going to let you know some agents are very, very busy, and you know you can do a. Lot of a lot a lot of this. Yourself, I have people calling me on their life insurance premium, especially well, you know, Don I chose Jane dank, I need to do this, and now I can send them the form. You know, that's that's no problem. But I encourage them to pick up the phone and contact the insurance companies direct, because that's who you're paying the bill to. I had a gentleman call me. He said, You know, I lost my job or another, another gentleman called me. Said I had surgery. I can't make my payment this month. I need to change my due date on my life insurance policy. What do I need to do? I want you to pick up the phone and call in Life Insurance Company direct. That way, you know, you get used to it. You can communicate with the company direct, you don't make payments to me. I don't take any payments in my office, none at all. What I do, I set you up with a life insurance company or with the auto insurance, whatever insurance product I offer you, you don't pay me at all. You pay the company direct, I take no money, no checks, no cash across my desk, period. So you can't come to me and say, you know, I didn't make car insurance payment. No, I don't take, accept any payment. You pay the insurance companies direct that way. You know, I'm not responsible. When I was an Allstate agent, back when I first started this business, back in 1997 what not? Excuse me, 1996 as an Allstate agent. I started with Allstate in 96 we had to take payments every day. Yeah, people would come in and pay their car insurance payment. And I had one customer. He, you know, his car insurance payment was like $250 a month. And he worked in the casino industry, and he thought it was cute every month to bring me $250 in $1 bills. And, you know, and the only reason I laugh about it because I would complain about it to him, I said, Man, why do you do this every month? You just get a kick out of this, bringing me $1 bills, $250 in $1

Donald Marquez 26:59
bills.

Donald Marquez 26:59
But, and then I and then I had to go to the bank every single day. I had to put the money together, go to the bank every single day. And I said, You know what? One day I won't have to do this as a broker. I don't, I don't go to the bank every day because I don't have to. I don't go to the bank at all only for my own personal concerns. But now with, with, with direct deposit, work withdrawal, the companies we set you up with at your insurance connection. You paid him direct. My name is Don Marquez. I'm licensed insurance agent right here in Las Vegas, Nevada, offering home auto life insurance. In the state of California, I can only offer you life insurance now 48 other states I can offer home auto, boat motorcycle insurance. And if I if I need to write a life insurance policy in Kansas, I can get licensed very quickly in Kansas. If you're listening to this program at K u m v, 91.5 jazz and more. Thank you for listening to our program here at K u m v, I come on every Sunday morning from 8am to 830 I've been on the air now for about three years and growing. I want to thank my engineer West, he's the best keeping me on time right here, and Dr Ridley for allowing this amazing opportunity to educate you on all insurance products. You know, this is unique, what I do. No one else does it that I know of, to come on the air and educate you. I'm a licensed broker. I can offer you insurance products with a full understanding that you know what you're purchasing. You know what you're paying for. You know what your coverage is going to be, whether it's your auto insurance policy, your homeowner's policy, your life insurance policy, you're going to get a rounded education. It's not like, Okay, this is the policy. This is the rate. Sign here. Push it to you sign, and you go, and you have no idea what you're paying for. I don't, I don't operate that. I'm a full service agent that educates you as you're purchasing the policy. And if you have a life insurance policy that you don't quite understand the benefits and coverages, you have offered, no obligation, no obligations. Reviews, no obligation. Reviews, 702-236-2624 702-236-2624 My name is Don Marquez. This is your insurance connection. Thank you for listening. We'll do this again next week. Until then, just keep it crispy.

SFX 29:17
You.

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