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. This is your insurance connection. Broadcasting at K, U, N, V, 91.5, jazz and more. Sunday morning, from 8am to 830 I'm a licensed insurance broker, and welcome to my show your insurance connection, broadcasting right here on the campus of UNLV. Thank you for listening, and thank you for your continued support. People that come in get an insurance review. I review your insurances, your home, your auto, yes, and your life insurance. But we need that life insurance. I'm telling you, we need it really bad, because the cost of funerals are going up and up and up and up. I mean, $20,000 on average today. And that's not exaggerated, exaggerating at all, between 15 and $20,000 all day, every day, and most funeral homes and families are devastated. Did it? Did a little bit of statistics, which kind of, you know, shocking. What I came up with, 50 American 50% of American households do not have life insurance. You know that death is guaranteed Whole Life policies for life, you know, I would say it gets you a policy, especially if you're in your senior citizen with no life insurance, because your family is going to be financially devastated in the United States. And I'm reading these statistics again. They're very shocking when you lose a loved one and they leave about $65,000 in debt behind. So in other words, you inherit their debt in a sum of $65,000 I mean, when you inherit $65,000 of a loved one's debt, that is devastating. To inherit $65,000 of your dad or your mom's or your grandparents debt is passed on to you. You know, I mean, and it could be avoided by purchasing life insurance policy. 2025 we need to be more financially conscious about spending our money. We need to spend our money and, you know, diversify our money and have life insurance, because with things going the way they're going, I know the price of living is going up all the time, food, the cost of transportation, but more than now, so than ever. You know, families are devastating filing bankruptcy. They're filing bankruptcy because they can't bury a loved one. When they do bury a loved one, you know they're devastating with all of the debt they consume by losing a loved one and and the odd thing about this is usually you lose one loved ones in threes. You know, there's gonna be three financial hardships because of a loss of a loved one. You know, you lose a parent, and then, and six months later, to a year later, you lose another parent, or you lose another relative. It's called a rule of three. It's just weird how the universe works that out. But it happens frequently. It definitely happened to me. I can testify to that in 2015 Yeah, I lost my cousin in February. She died in February, in 2011 and then I lost my mother in August of 2011 and then my cousin, my first cousin, in 2011 All this has happened just in for Dave, just just three right there. And then my mother in law, Thanksgiving Day in 2011 and then a really, really close friend of mine in December of 2011 so I witnessed five losses in one year, 2011 Oh, my God, it was the worst time in one of the worst periods of my life. You know, losing a mother, then a mother in law, then a good friend, two cousins. My aunt lost two, two of her children in one year. So it happens. And this is my whole point, it definitely happens. And fortunately, all these, all these deaths, we had life insurance. Yes, we had life insurance because we didn't have the financials. We didn't have to suffer financially. Of course, you know, you still have to go attend the funeral, maybe go out of town, you know, that's, that's a minor financial loss. But when it comes to, you know, coming up with $20,000 to bury a loved one, where does that resource come? From My name is Don Marquez. I'm here to help you smooth out your finances. Are we all going to occur this debt sooner or later in life? It's better to pay a little bit at a time than to wait to be devastated and paid all at once. Now, if you are a veteran, please don't get it misunderstood. You may or may not have coverages through the VA and especially where they're slashing and taking benefits away from the Veterans right now. Again, people voted for this, and I'm not getting political, but it's just a fact. You know, benefits are being taken away from us daily, and we see it right in front of our eyes, and I cannot applaud that, but you know, you got to really think about your financial future. You know, the liability of concern that you don't want your family members to inherit your debt, your rent payments for a couple of months, or your mortgage payments, your utility bills to keep the house, you know, flowing with electricity. If there's spouse left behind there, there's going to be, definitely, additional expenses, plus a loss of revenue. And when you lose a loved one, that's loss of income that goes away. My name is Don Marquez. I'm here to help you, guide you through the process. My contact phone number is 70223626, 70223626247022362624

my business hours are Monday through Friday, from 10am to 5pm in my office is located right on the corner of Sahara Rancho in the US bank center, eighth floor, 702-236-2624, looking over some of these offers that receiving the mail. And you know, some of these companies will send you an offer in the mail for a whole life policy, and they said, Oh, you know, it's a term period. They started you with our call teaser rates for the first year, they may only charge you, you know, less than $1 for the or right at, you know, $1 a little more for the first year. The second year goes up. Third year goes up a little bit. But eventually, as you age, you find out these policies, especially when you have these renewable term policies to age 90, they come in the mail. The renewable period is every five years. So they may have, may offer you a really good policy in the beginning, but, you know, just let from that a simple 10 years go by and all of a sudden that rate is so unaffordable that you said, what happened? You know, you feel like you've been violated. You really do be but you didn't read the contract. And I I cannot express enough to my clients that when you receive any insurance policy, your home, your auto, your life insurance, and you don't have an agent to review it with you, because you purchase all this information by way of internet, mail, read the contract. Read the contract, because this is a contract. I had a conversation with my daughter, and she's in the insurance business. She's a customer service rep for for one of the, you know, Nationwide Insurance Companies. And she and I say the same thing. It's funny. We laughed about it. People just don't read their policy coverages. They just don't they look at the price. That's all they look at, is a price. And I have full coverage, and we both kind of laugh at that notion. What does that mean? Full coverage? I mean, are you really fully covered? Do you have all the coverages on your auto policy? You may not, you may not have rental car, you may not have uninsured motors. So are you really fully covered? So this is why I come on the radio to help you better understand your insurance. This is an educational program. Of course, I am a licensed insurance broker in 48 states, and Nevada, California and all and 48 states, I can write auto, home and life insurance now, life insurance California, Nevada only right now in California, we're kind of limited on the insurance we can offer because of the fires and I, and I hope the people are identified quickly if you didn't have insurance. Now, you see the value of of insurance if you were a homeowner for many, many years, and you felt that? Well, I own my home. Why do I need life and why do I need homeowners insurance? Excuse me, why do I need homeowners insurance? Well, it's because the what ifs and sometimes we, you know, people think we live in this bubble that it cannot happen to you. Why it can't happen to you? It happens to other people. We see it all the time, so don't think you live in this bubble where you know it does not affect you. If I've talked to people 30 years in this business, well, I've never had a car accident, you know, that doesn't happen to me. It happens to the other person. Why? If it happens to the other person, it can happen to. You because that other person can hit you, right? Or I've never received a ticket in my life. Well, that's great. I've received quite a few of them in my many years, not purposely, because I'm not a speed or anything like that, but I I've been in car accidents. I've received tickets. I mean, it's just a part of life. When you drive this, things can happen. And I've been hit by people that's careless, not paying attention. So don't think you live in this bubble. You know you it does not happen to you. The same bubble you know is when you have no life insurance and you think you're gonna live forever, or you don't want to talk about life insurance with your family members, because you live in this make believe bubble that this don't affect you. It affect other people, but it doesn't affect you. It does affect you. Let's be realistic here. No one lives forever. We have health problems as we age. We do. We have health problems as we age? And another statistic that I ran, which I it was shocking to me, people with higher credit scores live longer. I don't. I didn't see the relationship with that, the correlation with that. But people, and I, you know, I look at my statistics, people with a 700 and above credit score live longer than people would have with a less than a 500 credit score, 500 credit score or less, people live shorter lives. People with a five 700 credit score, 750 to 800 live longer than people with a lesser credit score. It is shocking information, and I try to, as an insurance professional, I look at all of this now not to say that we run credit for life insurance, you know, but thank we got, we don't, but it's just, you know, statistics, the way the life insurance companies look at you and say, Okay, if you have a 700 credit score, you're gonna live a lot longer. If you have less than that, you're probably gonna live less. Not to discourage you from buying life insurance, I'm trying to encourage you. You know, if you need to get your credit score better, you may add some years on to your life. My name is Don Marquez. This is your insurance connection. 702-236-2624 702-236-2624, credit is important. It's always good to have good credit because you know, pay your bills. Please pay your bills, because you know, but you know, if you got to make the minimum payment, do what you have to do, but play your bills credit is going to be more valuable in the future than we can ever that we can ever realize. But you know, with these credit cards at 2028 to 30% interest, and who knows, they may even go higher. So if you spend $100 on your credit card, and I never recommend paying your car insurance with credit cards, especially if you have interest rates of 28 to 30% this is why I'm bringing this up, because for every $100 you spend, you know, you're adding on another $28 in interest. So if you're if you're car insurance, or any insurance that you pay with a credit card, and you drag it out, for every $100 you spend, you could be spending up to $30 more per $100 for an example, if your car insurance payment is $200 a month, you've paid $56 more in interest on top of that payment. Think about it. Think about it. Now there are what different ways the insurance companies do offer payment. You can take it directly out of your checking account. I try to encourage all my clients have the money pulled directly out of your account, not a credit card. Credit cards get lost, stolen, misplaced, and they charge interest on top of that, and it could, and they, the insurance companies do, charge a fee to use your debit card, credit card,

find a different way, alternative way, if you can pay your car insurance in full for the term, for six months or a year, that's the best way that's going to save you money. That's going to save you money, and you won't have that monthly payment. Now, if you can't do it, there are quarterly you can pay every three months, but when you pay month to month, you're going to pay the most for car insurance. Again. My name is Don Marquez. This is your insurance connection, broadcasting right here at KU and V every Sunday morning from 8am to 830 I'm a licensed insurance broker. I've been in the business now it'll be 30 years in May. Yeah, where did the time go? I started back in the late 90s at Allstate Insurance Company. Stayed there for seven years with my own agency staff, and I sold my agency and went to triple. Insurance a lot of a lot of us left all state at triple A as insurance professionals, and we went to triple A insurance company because they were, they kind of recruited us because we were highly trained. I'll say insurance companies, a fine company, highly trained their agents. And, you know, other companies, hey, you know what? These agents are coming from a well trained platform where we want to recruit them. And quite a few of us left triple A, I mean, left all state and went to triple A. We left one a to go to three A's. I stayed there long enough to retire in 2015 I decided I want to give back to my community as a licensed insurance broker, not only offering one company's insurance products and services, but now as an insurance broker, since 2015 I represent multiple insurance companies. I do not charge a fee to come to see me. I'm say that again, because I like that. It rhymes a little bit. I don't charge a fee to come see me once you purchase a policy, no, regardless of what it is, life, home, auto, renters, insurance, the company pays me a commission. Now the commission is not included on top of what you're already paying for insurance. You know, the companies, they take money out of their profits to pay me. This is how it works. It works across the board everywhere. When you go to the grocery store, you know the cashier is paid because the companies pay the cashier for their work and the insurance companies pay me for my work. Now, does it cost more with or without an insurance agent? No, the commissioners are going to be paid regardless, because it's part of they they've already included the expense within the insurance policy. So don't ever feel that with an agent, you're going to pay more money. You're not going to pay any more money. What you will have is representation. You will have representation, someone you can call and talk to about your insurance concerns. You must communicate with your insurance agent. Your insurance agent is there to provide you services, to help you, guide you through the process, if you have a question about coverages, or, you know, and some people don't even look at the coverages when it comes in the mail, when you receive your policy in the mail or by way of email, or however they transmit the policies to you today, a lot of it is electronic. We don't we don't send the paper out as much as we used to. We're trying to save the trees, to save the planet. So now you may receive your renewals by way of electronics or email. You'll receive your email read the coverages, just don't only look at the bottom line, oh, what I'm paying, what I was paying last year, and my rating gone up. Well, there's a reason for that. Maybe they add on an additional driver on your auto insurance policy. Maybe you filed a claim. Keep in mind, when you file a claim that can affect your rate, that can affect you right now, this is why you have insurance. If you need to file a claim file, a claim file a claim, you know that's that's your option to file a claim. Now, when you have a deductible, any damages, regardless as homeowners or auto insurance, any damages below your deductible, you're 100% responsible. So it's no use of filing claim, I always say, Get at least three estimates. You know if there's a homeowner claim, if there's an auto claim, get at least three estimates to get your home repaired or your auto repair that way, you know exactly where you are if the insurance companies offer you a below estimate offer at least you do have proof that it cost me more money to get this done than you offer me. Keep in mind, the insurance companies will minus your deductible. No And now, if you do have a homeowners claim and you have a deductible, you don't pay that deductible. You take a cash settlement. You do. You take a cash on you should never pay a contractor to do a home repair, and then you give the contractor your deductible. That should never happen. Then the insurance company is going to give you a check or pay the contractor. It is better, I think in my many years of experience, it is better that you receive the check so you can pay the contractor yourself and keep receipts of everything. Keep receipts of everything, like I said earlier. Get get your three estimates so you know exactly what it cost to to get your your work done. You get the check. You pay the contractors, because if they try to charge you a deductible, even when you go to the body repair shop, I encourage people to do this as well, get the check from the insurance company yourself and go in the body shop to get your car repaired. You know, it puts you in a much I think it puts you in a much better position, because you just get that deductible right to these auto repair facilities. They put that money right in their pocket. They do. They just put the money around their pocket. Yeah, sure. This company is going to identify them. They got to pay them, right? They got to pay them, but and then they say this, yeah, we going to guarantee the work. Well, The Body Shop is going to guarantee the work anyway. If you're not happy, you can't go back to the body shop and complain and say, hey, you know what? This is not working for me. Now, when the insurance company said we guarantee the work, just think about it. If you're not happy with the work. You got to go to the insurance company. The insurance company contact the body shop. I mean, it's a lot of connections here, and then four or five days go by, time go by. It is better for you to walk in the body shop as a cash buyer, because they always, they always ask, who's paying for this, you or the insurance company. My name is Don Marquez. I hope this is news. You can use 702-236-2624 702-236-2624, the real ID is coming up quick. Y'all May 7, 2025, you need to go online and make an appointment with the Get Real Nevada. Id.com get real Nevada. I know, get real nevada.com.

That is the website you go to to set up your appointment to the department of motor vehicle. And it's my understanding, a lot of these, all state branches now have the DMV services you would have to, you know, check with the local triple A, excuse me, triple A branch in your in your community, to see what triple A branch offers. My real ID. It's a star on your driver's license when you travel and just get in and out of the airport. But you will have to have proof of identification, proof you may need to bring in your social security number, proof of your innovator, residential address. They want two documents, maybe two, two utility bills, along with your driver's license. You know, to me, you know, it takes a lot to get a driver's license with all the information that there that's provided, you know, but they don't want the driver's license. They want, they want to make sure that you are who you say you are. Let's get back to life insurance. Just a little bit before we get off the air. Here we got it for a few more minutes, life insurance. I can offer you a life insurance policy. There's no health examination, just a few health questions, up to $35,000 in coverage. Of course, I do have larger policies that started 100,000 and up. But if you're looking for that final expense, life insurance policy with just 12 health questions, that's it. Yes or No answers in the past 12 months, have you? Do you smoke? Do you have Alzheimer's, dementia, the disease of liver, kidney, had you know, had you know, had a, you know, had an organ transplant, simple questions like that, yes or no questions complications about diabetes. Simple question. And if you are a diabetic, I know you've been turned down for life insurance. A lot of a lot of these larger companies that the the companies that offer the larger policies, they probably won't take you as a diabetic, because they say, if your a 1c is over seven, more likely you will get turned down because you are a diabetic. Well, type one, type two diabetes, but I do have a life insurance policy. You can get up to $35,000 in coverage. There's no physical, there's no physical, there's not a question they ask you, your height, your weight, but they do. We do want to know if you're a smoker, and where are my smokers. I rarely get smokers calling me. Every now and then I'll get a smoker, but not too often, continuing talking about life insurance. If you find yourself in a position where it's hard to pay your life insurance policy, this is why it's good to have an insurance review. I do not charge for an insurance review. You can come in with an appointment at my office located on the corner of Sahara Rancho in the US bank center, and we'll go over your life insurance. Now there may be a possibility to reduce the face amount of your policy. We can reduce the face amount of your policy, rewrite the illustration, to stretch the policy out where you can afford it, and prevent your payments from going up every year on your own on its anniversary. Now, when you have a loved one that may have to go in the hospital or a nursing home for you know, for whatever, maybe Alzheimer's dementia, or if you have a loved one that's getting ready to go into a nursing home, to be well taken care of. What you want to do before they go into the nursing home, transfer the life insurance ownership. You want to do a transfer of ownership, because the nursing home could claim ownership to the life insurance policy. Keep that in mind now. Again, this is News. You could use 70223626247022362624,

my name is Don Marquez. Now if you need power, power of attorney, you. For your loved one that's going before they go into the nursing home. You can get power of attorney. I have a team member on your insurance connection with me. Her name is Christine Bernard. She is a team member of your insurance connection. She can set you up with a power POA, power of attorney before you put your loved one in a nursing home facility, so you have complete control over, you know, choices. You can sign for your loved one. If you have a loved one with Alzheimer's dementia, you need POA power of attorney. Now, if you do have a loved one with dementia or Alzheimer's in the early stages, or even current Alzheimer's and dementia, we I can get them a life insurance policy, up to $15,000 in coverage. You would have to have power of attorney, because we cannot have them answer the health questions as a POA, you answer all the health questions you sign for the policy, and the funds come directly out of your checking account. 702237, 702-236-2624, my name is Don Marquez, with your insurance connection, broadcasting at K, U, M, V, 91.5, jazz and more. Change the beneficiary form. If you lost a spouse or loved one as a primary beneficiary and you have a life insurance policy, you need what we call a change of benefit chain, beneficiary change form, beneficiary change form. You need to change the beneficiary without a contingent beneficiary. There's no beneficiary. For an example, husband and wife. Husband passes away. He was the only only beneficiary on your policy. Now the wife is still living. Your policy could go into probate once you pass so you need a beneficiary change form. You get it directly from your insurance company. If you've taken out a loan from your life insurance policy, you know you want to pay it back, you can make arrangements with your life insurance company to make a separate payment, a separate payment other than your monthly payment. Hopefully this is News You Can Use. My name is Don Marquez, 702-236-2624, my time is getting short here at K, U, M, V, 91.5, jazz and more, we have a 30 minute talk show, and the time just goes by really quick. I want to thank my engineer. Wes Knight. He's the man. He is the man. He keeps time for me and dr, dr Ridley for allowing this amazing opportunity to come on the air every Sunday morning to educate you about your insurance. I'm a licensed insurance broker offering home, auto life insurance, boat motorcycle insurance, close to 30 years in the business. I would love to talk to you about your insurances. 702-236-2624 I do not charge a fee to come see me. 702-236-2624 you guys have a lovely day this Sunday. Don't forget to change the clock. Time has changed. I just wish they leave it alone. Let's go an hour and a head and keep it that way. We'll do this again next week. Until then, just keep it crispy. Thank you for listening.

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