YOUR INSURANCE CONNECTION

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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.

Donald Marquez 0:46
Good morning. Good morning. My name is Don Marquez. This is your insurance connection. Broadcasting right here at K, U, N, V, 91.5, jazz and more. Sunday mornings from 8am to 830 right here on the air for the last Oh, my goodness, we're going on three, three and a half years or so. But, uh, I just want to say good morning to everyone. I'm a licensed insurance agent right here in the state of my hometown in Las Vegas, Nevada. I'm glad to answer any any questions that you may have. 702236262470223, 47022362624, is my contact phone number. My Location is on the corner Sahara Rancho in the US bank center located on the eighth floor Sahara rancher all roads lead to Sahara and Rancho across the street from the Palestinian Hotel. So it's a beautiful, tall brown building. I'm on the eighth floor. I work by appointment. 702-236-2624, my specialty, auto insurance, homeowners insurance, renters, landlords, insurance, boat and motorcycle insurance. And of course, you know, if you listen to this show regularly, life insurance. That's the most important insurance we all should have. We should all have life insurance. If you are approaching your 70s and 80s with no life insurance, what is your plan? I don't understand it. It's never good to wait, and it's also never good to pass that debt on to your loved ones. You know, if you have a loved one that may be perhaps going into a nursing home, or you have a loved one that you need to take control of their finances with a life insurance policy, you can always get a POA, a power of attorney, you would, you can get, obtain a power of attorney. You can go through a paramedic. I mean, not a paramedic. What am I saying? You can go through a lawyer will give you a power of attorney to help you, you know, make decisions for your loved one, make decisions for your loved one, and you also would play away a power of attorney. You can sign for your loved one. What does that have to do with life insurance? Well, if your loved one is getting ready to go into a nursing home, and maybe they have Alzheimer's dementia, organic brain syndrome, Lou Garrison disease, you need to make decisions for them, because they cannot make decisions for themselves with their with POA. And also encourage you to be the owner of their life insurance policy. That way, the nursing home don't, may not have access to their assets, which is a life insurance policy, because to my understanding, what the nursing home do when your loved one goes to a nursing home, they take that person's all their money that's coming in, the Social Security their retirement and, and, of course, their life insurance too, as well. This is what I've heard. But you know, it's always better to be safe than sorry. Do your homework before you put your loved ones in a nursing home. Or if you have to take control over your loved ones finances, it's good to get a power of attorney. With a power of attorney if your loved ones need need life insurance. With the POA, you can answer all the questions, sign for the app. Sign the application for them. And of course, we cannot, if they have, if they have Alzheimer's, dementia, organic brain syndrome, als Lou Garrison disease, they cannot. We cannot pull the funds out of directly out of their account. We would need someone else's account. That's, you know, we just can't do it out of their account. We could use, you know, your account or someone else account. But if you're the beneficiary and the payer, that's fine too. Now you have power of attorney, and you can call in and make any changes as as along with the owner being the owner of the policy. Now your loved one is going to be the insured. You'll be the owner. You can call and make any changes to the policy that you need to make, address, change, bank changes without that consent, without a POA, or without being the owner of the policy, the life insurance policy, as we're talking about the. You know, you can't make any changes without their you know, okay, can I buy life insurance for someone else if you're not related to them? That? That's a loaded question. It needs to be in what we call an insurable interest. Let's say you're a co you you're co parenting, you're not married, but you know, you want to put insurance on your on your co parent, let's say your co parent, but that's an insurable interest that you can definitely that question came up last week, can I put life insurance on my co parent? Yes, you can, because you both have a financial interest with the children. You know, yes, you can, because you need each other's finances to to maintain the children's lifestyle, although you say, well, we don't live together, you know, we we we are parents, and we've been divorced, or, you know, we've been in a relationship when he had children together, and now we're co parents, but we don't cohabitate together. Yes, you can, because you do have an insurable interest. Yes, you can purchase a life insurance policy on one another because there's a financial interest with with you too. Now the question has been asked, well, you know, if my neighbor is getting up there in age and I want to put a life insurance policy on my neighbor, can I do that? No, you cannot, because there's, there's no financial interest there, and you would have to suffer financially to to put a life insurance policy on your neighbor. For instance, if your neighbor passes and you're responsible for that neighbor's, let's say, funeral service. You know, there may be some financial obligations on your behalf, so you may want to take out a life insurance policy, but keep in mind, insurance agents were highly regulated. I'm highly regulated to make sure I'm looking out for my clients best interest. I'm in a fiduciary position of trust. I trust you. You're giving me the correct information, the correct medications that you're currently taking, and I've transferred this information to my life insurance companies that I represent you and I represent the company, so I have a dual responsibility to represent both the client and the insurance company. Believe me, I've been doing this for the last 29 years. I like to sleep at night, so I'm not going to do anything to jeopardize my career. Believe that, or, you know, just for just to get a life insurance policy. I'm not that. I'm not that agent. I'm not, not to say agents are doing that. But I'm licensed in the state of Nevada, California for life insurance. And if I need to be licensed, let's say in Minnesota, yes, I can get a life insurance license in Minnesota, as it only takes a couple of days for me to do that. If you have a loved one that you are responsible for and they live in a different state, we definitely can work out a plan of action to get them life insurance, because you don't want to be stuck with the filing expenses. That's the bottom line, let's, let's be clear here. How many people you know get stuck with the with the bill, or you've been stuck with the bill in the past? I, you know, I know what that feels like. It's not fun. I've been stuck with the bill more than once. It's not fun. Of course, you know, at one the first one, I was stuck with the bill as the person did not have life insurance. But later on, of course, they had a retirement benefit that we were recompensated. But you know, that was a valuable lesson to learn. Hey, the second time around, I was stuck with the entire bill, and it is, you know, with, even with life insurance, there wasn't enough life insurance to take care of all the final expenses, because, you know, there's property left behind that has to be paid for, utility bills that have to be paid for, and sometimes people are just not healthy enough to qualify for the larger life insurance policies. Let's take, let's put a plan of action together to secure your financial future. Your family members won't go into debt. They have time to grieve your passing and move on. Now. Life insurance is a living benefit, as I as I said many times on this show, if you need money to borrow against, you know, find a way to pay it back. But it is a living benefit. It's some money that you can use if you need car repairs, if you need to make any home repairs, AC units, your compressor went out on your AC unit, and you have to replace it. Now, if you're if you're a tenant, you don't really have to worry about this so much. But even if you're a tenant, your loved one has to come in, and you're the you're the only survivor, and now you've passed on, your loved ones have to come in, maybe pay a month's rent. Maybe they would have to move all the furniture out of home, you know. So there is financial obligation hire movers to move the furniture out the home. You got to find a place to put the furniture. If they want to keep it, they need to. Yeah, money for storage, the cost is keep adding up that they have to fly out of town, take out time off from work. I tell you, you know, don't think it's inexpensive to close out one estate. It is very expensive. On the average cost in this country, about $60,000

Donald Marquez 10:18
and when inflation, who knows? It's probably up to 70,000 now to close out a loved ones estate. I've said this on my show before, and I tell you, if you are married or you cohabitate, do not when you apply for credit cards. Do not have your wife on or your husband on your credit card. Have to only have them as a user. Do not apply for the credit card together to get more credit. I've seen this happen over and over again. And the spouse, one of the spouses, passed, and the person that's on the credit card application together, as as people of interest on the credit card, you're still responsible for the balance, but if you apply for the credit card alone, you're approved. You can always add your spouse or your significant other on the credit card as a authorized user. That that that takes them out of the responsibility of having paying that balance once that time comes in account that time comes from all of us. Just keep that in mind. This is News You Can Use. My name is Don Marquez. This is your insurance connection. 702-236-2624 702-236-2624 licensed insurance agent. I represent multiple life insurance companies, auto insurance, boat, motorcycle companies, to help you along the way, to help you along the way. Now, I received a call last week a lady has like, three claims on her house in the last five years. When you make claims on your homeowners policy, the insurance, regardless how long you've been with them, and I've heard this, well, I've been with this company for the last 30 years, and I had three claims in the last five years. Now they don't want me anymore. Well, they have what we call strict underwriting guidelines they have to adhere to. If the underwriting guidelines said, If there's three claims in the last five years, we can no longer have you as a customer, and there are some exceptions sometimes and sometimes not. Same thing with auto insurance. If you have multiple claims on your auto insurance policy, your insurance company has the right to deny you. You know on your renewal as a client, they can like, Okay, thank you. Thank you. But no, thank you. We don't want you anymore as a client. So you know when you talk, when they talk about the claims process, and this is why you purchase insurance. If you're in a car accident, it's not your fault. You want to file a claim against the person's insurance. Hopefully they will have an insurance policy, but you want to get the picture of their driver's license and their insurance policy, at least their insurance policy, because now with the ID card, you have your name, the name of the company, and the policy. Now not so much the driver's license. They'll give it that to you. That's fine. But it shows that with the ID on the driver's license that showed that that was the individual driving the vehicle at the time when they rear ended you or hit you at the scene of the accident. Now, police officers may or may not show up if there's an injury involved, they will show up if there's no injury. You can just exchange information. But again, most of you make this common mistake. If someone hits you and they have car insurance, do not file a claim against your own policy. File a claim against the person policy that hit you, they are liable, liability. Let's talk about liability for a moment. If you're a homeowner and you're renting a condo and you and you're a landlord, do you have a condo, upstairs condo, and there's tenants downstairs, and they're also renters, or they're they live there, whatever the case may be, but your upstairs condominium creates a leak underneath the sink that you didn't know that was occurring, because how many, how many times we leak Look underneath the sink, but your downstairs neighbor notices that there's a leak in their ceiling, and they can see a water spot. Okay? Now maybe your faucets sprung a leak underneath the sink in the cabinets that you weren't aware of right now, all of a sudden, now your Downstairs Tenant see a big bubble forming on their ceiling, and now you have a claim. They have a claim against you. It is just the right thing to do yours, because you are liable. Because what we have, what we need to do is an inspection on our home to make sure that we're not causing damage to other people. I'm. And that's just, that's just a courtesy. If you have a home and it's upstairs and you causing damage to your downstairs neighbor by way of fire, water leak, you are liable. You are liable. So it's always good as a tenant. If you're a tenant, carry renters insurance. Carry renters insurance that way. If you do have to relocate because of mold, you have what we call loss of use of insurance. If you're a homeowner and you live in a home and you have a condominium insurance and, you know, and let's say there's a fire downstairs and you have to relocate there in the condo, and the homeowner's policy, there's what we call loss of use, and the insurance companies will compensate you up to 12 months to pay for your additional living expenses. My name is Don Marquez. This is again News You Can Use 702-236-2624, 702-236-2624. Car Insurance. Just a, you know, brief checkpoint on car insurance. Yeah, it's expensive in Nevada. Yes, it is. If you're just moving in Nevada, welcome to Southern Nevada. But you're going to get a car insurance. Shock a little bit. Yes, you are. I mean, every, every city has this thing. This is our thing. There are something let's say we don't have earthquakes, knock on wood. If we do, they're very minimal. We don't have hurricanes coming on land and creating havoc as a tornado. We don't have that here in Vegas. Yes, we have heat in the summer months. If you come here in the summer, and honestly, this is a kind of milder summer compared to last year. Last year, I think it was one of the hottest summers on record, but this year, okay, we're a little cooler. If that means 105 on average, that's a little cooler than last year. But we have this for, you know, three and a half, four months almost now, come September, October, we're starting to cool off a little bit. We're into August. Thank God. Knock on wood. Another six to eight weeks of this, and we'll get down to normal temperatures, which I do love, enjoying a beautiful city with our excellent weather. But you know, this is our thing. In Vegas, we have eight beautiful months of gorgeous weather, and then four months of very extreme weather when it comes to the heat. So this is, I think, along with the car insurance, along with the car insurance being a little expensive, so don't think I'm moving to Vegas. Oh, okay, well, I'm moving to Vegas, and my rates may well be, it may be a lot lower here than I was, unless they may be moving from California. Not necessarily true, not necessarily true. I can help you navigate through the process. I represent multiple car insurance companies as a licensed insurance broker. I do not charge you a fee to come to see me, regardless of the insurance product. You know, there are some brokers that are that do charge a fee, but I do not charge a fee for a consultation. If you have current auto insurance, homeowners insurance, life insurance, or whatever your insurance product is. I also do not charge a fee to review your current policies. 7022, 02236, 2624 702-236-2624 located Sahara Rancho in the US bank center, eighth floor. My business hours are Monday through Friday, from 10am to 5pm Monday through Friday, 10am to 5pm now on Saturdays, I can work by way of phone, but like you, I like to enjoy my weekends too as well. But you know, if you need to contact me by way of phone, regardless, Monday through Friday, we can do a lot of business over the phone or book an appointment come in to see me. We can sit down nice cool, air conditioned office, and this is a little chilly in there. I have to say, you know, it gets a little cool in my office. Sometimes. I'm like, Yeah, that's a little cool in here today. Now that's when it's nice to go outside to warm up from that cool office. But you know what? I keep you in and out. This doesn't take long. This doesn't take long to take care of your insurance business. It doesn't take long to review your policies. You can email me, you know, I'll give you my email address in this simple donald.marquez@outlook.com Again, Donald D, o, n, a, l, D, dot Marquez, M, A, R, Q, U, E, z@outlook.com at outlook.com located right here in Las Vegas, Nevada, my hometown, saw my town grow up. And, you know, growing up, you know, we bring drivers in from all over the country, you know, with their driving habits. And people say, ah, people drive terrible in Vegas. Well, I think they drive bad everywhere. I've. In a lot of places in our beautiful country, and people just drive awful everywhere, I mean, and they run over you to get where they have to go. But you know, for some reason people like, oh, people drive really bad in Vegas. Now they drive bad everywhere. I was just in California a couple weeks ago, and it was terrible drivers in California,

Donald Marquez 20:21
too. The difference is the people in California, they go, they go, they don't they put the pedal to the metal. They they know. They express ways, my goodness, they and they get there quick. But you know that by saying that you know speeding tickets, if you receive a speeding ticket, we can get it reduced down to a parking ticket. I have a colleague. Her name is Christine Bernard. She can she helps me with my clients with speeding tickets. And another colleague that I work with, her name is Dorsey Hickman. She is a licensed insurance agent, life insurance agent, and if you don't want to come in or call in, she can come to your home. 702 236, 236, 2624, and offer you life insurance products. We have life insurance term, Universal Life, whole life, yes, we can get it done now. What's the difference between term, universal whole life or term policies up to 30 years. If you're 58 and you just turned 58 we can get you up to 30 years on term. If you're 59 and older, up to 8085 we can get you up to 20 years, sometimes 15, depending on the age and whether you're a smoker or a non smoker. But don't let that scare you, because I can find a policy that will fit in your budget. Term policies has no cash value. I can't say that enough people call me well, my term policy has a cash value. That's not term. That's not term. And at the end of your term policy, right at the end of your term policy, your insurance company will offer you an extended term once you're 20 years or over, or 30 years or over, you know, do it? Don't ever buy a 10 year term policy unless you have a plan to convert it over. You know, at a certain point, maybe when you finish paying off a vehicle, or you're how you're going to pay off a house, then you may want to look consider 1010, year term policy before age 70. Okay, so if you can convert that policy before age 70, you can take term and make a universal life or a whole life policy without have to show any signs or insurability. In other words, there's no physical now, some policies, 100,000 and up, it could be a physical. Now, if you don't mind taking a physical, that's going to be on a universal life term life insurance policy. You may have to take a physical. Now there's the life insurance companies do pay for your physical. So don't think, Oh, if I didn't have to take a physical, I have to go pay for it. No, you don't have to pay for that. The insurance companies pay for it. We pull records from your doctor. You don't pay for that either. We pull records from your doctor, they give us a snapshot of your history post covid. You know, prior to covid, you know, we issued a lot of policies that, you know, we didn't require physical 100,000 and up. But today, post covid, most insurance companies will require physical, and there's nothing to it. Maybe a saliva test, maybe some body fluids, height, weight, blood pressure. They take that information to the underwriter. The underwriter, underwriter reviews it along with the medications you take, and then the underwriter makes a final decision, what life insurance product you qualify for at what rate. And then they inform me, as an insurance agent, and I'll contact you. And said, Okay, Mr. Mrs. Jones, congratulations. Your rate came in a little lower than we predicted, because you're very healthy. You're very Now that does happen from time to time. Or, you know, if you feel like, well, you know, I need to lose some weight before I apply for life insurance. Then we also have options to look at a maybe a whole life policy, up to $40,000 in coverage. There's no physical only takes about 15 to 20 minutes to complete the whole life policy. On the phone. The life insurance policy, the whole life product, will build a cash value, assets and all my policies, rates and benefits are locked in for the life of the policy, you know? So I don't, I don't like the flexible premium policies where, in fact, if you take out a life insurance policy, and as you age, the policy will adjust because you age. I like policies. I offer policies where rates and benefits are locked in for the life of the policies, most people qualify even with health issues if you're a diabetic. And this happens quite often, you get turned down for life insurance because you are a diabetic. Do not give up. My name is Don Marquez. My phone number is 702-236-2624,

Donald Marquez 24:59
I have like. Life Insurance companies that can offer you a policy that you can't afford. You cannot afford not to have life insurance. With the average cost of funerals today, at 2015, to $20,000 you cannot afford not to have some type of plan for your filing expenses, especially when we started getting up in like 7075, 80. You know, we have less time ahead of us than we do behind us. And you know time goes by in a blink of an eye. And all my clients tell me, especially my senior clients, oh, I should have did this earlier. Or if you find yourself you purchased the wrong policy. This happens too often because you trusted the individual that was offering you the policy. But you do have to read the information on the policy yourself. Do not just take for granted from anyone. I encourage my listeners. You know, when they come in, they have an appointment with me, whether it be via phone or come in my office. Once a policy is issued, it comes directly to you by way of mail. Then we're gonna make another appointment. You call me and say, Donald, I received my policy in the mail. We'll make another appointment for you to bring in the policy, and we'll go over your policy, line by line. 702-236-2624, you know, no health examination for a policy up to $40,000 and the rates are competitive bills, cash value, no physical just about 20 minutes over the phone, yes or no questions, and you're done. The policy comes in the mail, and it feels good to know that. You know, I'm set. Yeah. Think about it. You know, you could go out to dinner. Dinners cost today $150 easy, you know, you know, bottle of wine a nice steak dinner. I mean, you you had $200 in most places, $200 in most places. And you know, of course, you want to treat yourself, but that's a $200 dinner that guaranteed three four hours from now, you're gonna want to, you want, to eat again, and that's $200 gone. Well, that $200 could have went to a monthly life insurance premium. Maybe you would just want to go to buy your steaks and cook them on your grill. That's an alternative. But, you know, going to a restaurant today in Vegas, it's not like it used to be. I remember growing up here in this town. I mean, it was, I think it was more cost effective to go out eat at a restaurant and get served than it was to go buy groceries. And as a single person back then, it was a lot cost effective for me. I remember Jerry's nugget at 49 cents breakfasts. Wow, that's how long I've been in Vegas. Yeah, I remember that growing up 49 cents breakfast, and that was a full breakfast, not today, not today. I think they took the sign down long, long time ago. But, you know, this is the history of Vegas. I love my town. You know, coffee was 10 Cent, you know? So it's changed now. So we have to change with the times. We have to protect ourselves for our future family members, so they will not go into debt. We need to create generational wealth instead of generational debt. My name is Don Marquez. This is your insurance connect, connection, broadcasting right here at K, U, N, V, 91.5, jazz and more every Sunday morning, from 8am to 830 Stay cool. It's going to be warm today. We'll do this again next week. Until then, just keep it crispy. You.

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