YOUR INSURANCE CONNECTION

Announcer
0:00:00
This is a KUNV Studios original program.

Wesley Knight
0:00:04
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 & More, the University of Nevada Las Vegas, or the Board of Regents of the Nevada System of Higher Education.

Donald Marquez
0:00:25
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 homeowner's insurance. Yes, and we talk about life insurance Welcome to the show Good morning, this is Donald Marquez at KUNV 91.5 jazz and more Sunday morning from 8 a.m. to 8 30 I'm a licensed insurance broker here in Nevada and California welcome welcome to my show I've been on the air here at KUNV 91.5 Jazz and More almost three years now and offering valuable

Donald Marquez
0:01:09
information on insurance I'm a licensed broker for auto insurance homeowners yes and life insurance that's before we get started I just want to say the people in Florida I hope everything's you hope you make through this storm okay and not people in North Carolina it's a lot going on in our weather right now I don't understand it Vegas we have severe heat over there in Florida and in the Gulf. They're having these amazing hurricanes and tornadoes You know my heart goes out to the victims the victims families

Donald Marquez
0:01:45
Hope things get better in the future, but if they tell you to leave leave You know don't don't try to ride these things out. It's hurricane five. That's a significant hurricane but my condolences go to the families of lost loved ones and you know it is what it is but I just hope things change that's all I have to say. My name is Don Marquez this is your insurance connection. Here at KUNV offering valid more information on insurance kind of just got a little choked up just thinking about just to

Donald Marquez
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just to be in a situation like that I wouldn't know what to do. I would leave, number one, but the product will return with nothing. Come back with everything is gone, but your valuables, they can be replaced, but you're priceless. And this is why I talk about the necessary to have insurance, life insurance, especially because you are an asset and people need a lot of help in Florida right now and North Carolina. This is the time the country needs to come together and heal and help those ones out

Donald Marquez
0:02:57
there that we can't help over there in our neighboring Florida and North Carolina. Alright, getting right down to it, you know with life insurance as I love to talk about as you know. I just want to thank one of my listeners that came in. Her name is Betty. She was so excited about getting a life insurance policy.

Donald Marquez
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I've never seen a person so excited about getting life insurance. She purchased a policy from me. What we had to do was cancel one of her policies that she had. She had taken out a loan against the policy. The policy loan amount was adding up because of the interest on the policy was continually adding up. She was just spinning her wheels, making the payments every month.

Donald Marquez
0:03:44
She wasn't paying enough on the loan to get out of the debt that she was in. So what we did, we took her old policy, canceled it. She got her cash back. She surrendered the policy. She got a significant amount of money back because she had money in the policy. However, if she would have wrote it out, it would have depleted all her cash funds and

Donald Marquez
0:04:08
her asset and then she would have been out of insurance because it would have depleted all the cash value or she would have to pay more money each month. She didn't want to do any of that. She lived on a budget, retired. And what we did was we came up with a formula to offer her a brand new policy, start fresh, cash out on the existing policy, pay the debt off, and she started fresh. So she was excited, she came in and she said thank you so much for helping

Donald Marquez
0:04:36
me because I didn't know what to do. I heard your program on KUMV 91.5 jazz and more and it just made sense the way you broke it down, explained okay well let's surrender this policy, get you a significant amount of money, and then that creates you a savings account Open a new policy, but the same face amount and she was uh you know she was happy with that the monthly payment fit in her budget and She was she was happy You know and it's a good relief to get out of debt some people when you take out that

Donald Marquez
0:05:10
Significant loan on a life insurance policy. You understand you got to pay that money back. If you don't pay it back they will minus it from your death benefit when that day comes plus interest. I cannot specify that enough. So many people in my 28 years I found that they've taken money out of the policy. No face amount left. Very little. Not enough. Not enough to take care of those final expenses So if you have taken a loan out and you don't know what to do, I could be contacted at seven zero two

Donald Marquez
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two three six two six two four for more information seven zero two two three six two six two four You know cash value is always good to have it's an asset people call me all the time. I want a life insurance policy that builds cash value money I can retire on. Well, those are called index life insurance policies. You know, and they're non-guaranteed. Number one, I don't offer those. I don't offer those non-guaranteed policies because if the stock market lines up and everything goes right with

Donald Marquez
0:06:22
I mean you're a happy camper. However if you invest your money in these index policies and everything doesn't line up the way you think they should line up, who you gonna blame? You gonna blame me or the stock market. More than likely you gonna blame me. That's why I don't offer the index product because it is just not non-guaranteed. Now is it okay to get an index? Sure it is

Donald Marquez
0:06:45
from an agent that sells them but I don't offer them. But the younger you are to get an index you can ride out the stock market highs and lows. The index is directly tied to the stock market. If the stock market does well so does the index. If the stock market doesn't do well and there's a dip in the stock market then you could you know take a chance and lose a lot by way of getting an index policy. If you're young in your mid-30s and you decide to get an index, it's not a bad idea because you can ride out the highs and lows and historic numbers will come in

Donald Marquez
0:07:22
probably favorable to you. But if you're not, if you're in your 60s and 70s and talking about getting an index, it's going to take a large amount of money to get that index started. Again, I don't offer indexes. I offer term, universal life, and yes, whole life. And the difference is you know with the with the index like I said it's tied directly to the stock market the term is strictly term you know what you're going to get your payment is going to be the same up to 30 years if you're 59 and older you won't be eligible for a term

Donald Marquez
0:07:56
life insurance policy usually is 58 and younger now keep in mind when you're 58, if you're closer to 59, you may not be able to get a 30 year term policy. Now, 57, non-smoker, you can get a term policy up to 30 years. And if you do get a term policy, I do offer term, you want to get the maximum years possible on a term life insurance policy. Whole life is a basic policy up to $35,000 in coverage. There is no health examination.

Donald Marquez
0:08:28
Just a few other questions. Easy to pay the application. Most people qualify with health issues. Again, there's no examination and benefits are paid within 24 hours to the beneficiaries with a death certificate. My name is Donald Marquez. For more information 702.236.2624

Donald Marquez
0:08:48
702.236.2624. My location, Sahara Rancho in the US Bank Center located on the 8th floor. Work by appointment, my business hours are Monday through Friday from 10 a.m. to 5 p.m. 702-236-2624. To get the real ID we have it until May 7th of next year. May 7th, 2025 to get the real ID, the star on your driver's license. You do have to make an appointment with the Department of Motor Vehicle to get your identification with the star on it so you can get through the airport smoothly.

Donald Marquez
0:09:32
You know it's always a little something right? I mean you get the star on there, I don't know what that does but but in order to get the star you have to bring in proof of who you are your driver's license is one form of ID, but they want you to bring in a power bill or a or a

Donald Marquez
0:09:51
passport or a Proof of who you are especially if you married birth certificate. I mean the list just goes on and on. Check with the division of motor vehicle and see exactly, you can go online you can see exactly what they asking for to see where you fit in the requirements to bring in

Donald Marquez
0:10:17
to get your real ID. You just can't get it with your driver's license. Now if your driver's license has to be renewed, that's the perfect time to bring in the required identification to get your real ID and it's only a star put on your driver's license. So we the days are counting down well we need to have this proof of identity and you know of course the documentation I think you can use your Social Security card and proof of residency by way of a power bill maybe a couple of power bills but this is required by the division of motor vehicle.

Donald Marquez
0:10:53
You can always go online and check, see where you fit in to get your car registered or get your driver's license renewal at that same time, get your real ID. My name is Don Marquez. Welcome to my show. If you're just tuning in for the very first time, thank you for listening. I want to thank the listeners that came in and purchased home auto life insurance

Donald Marquez
0:11:16
I'm licensed with the state of Nevada and state of California to offer home auto and yes life insurance now in California It's a little bit of a struggle with the home and a lot and auto Right now a lot of companies are leaving, California a lot of companies are leaving, Nevada Don't quite understand it, but it's the nature of the business. What it does is it lessens the competition for other insurance companies. But for whatever reason, these insurance companies for auto and home are leaving the state of Nevada. I've never seen anything like it in my 28 years of my career where these companies

Donald Marquez
0:11:55
and most companies want to come to Nevada. Now if you just moved to Nevada, you're going to find out quickly our car insurance rates are a little bit higher than most states. Every state has something that's our something. Our car insurance rates. But you know everyone needs life insurance. Everyone needs life insurance. And to get a policy if you have underlying health conditions, lupus, cancer, diabetes, oh my God. If your A1C is over 7, you're not going to be able to get a policy of $100,000 and higher. It is just very difficult to get those policies issued.

Donald Marquez
0:12:35
Even when people come to me and say, I have diabetes and I say, what is your A1c? Well, it is over 7. It is going to be very difficult for me to find a policy over $100,000 or more to get you a life insurance policy with an A1c 7 or above. Now I can get you a $35,000 life insurance policy up to $35,000 in coverage. If you take blood thinners usually we can only get about $25,000 for blood if you own blood thinners. And I'd say this to you on the air because people you know sometimes they don't understand with underlying

Donald Marquez
0:13:08
health conditions it could limit the amount of insurance you get. Now they do offer these policies by way of mail and it looks very attractive to you and you say well you know I'm going to fill this out and send it in. But if you get a policy like that with no physical and it's guaranteed acceptance, number one it's going to be a two year wait period and maybe even a three year wait period. And number two it may be accidental only.

Donald Marquez
0:13:36
What you don't want accidental only, they say you're insured day one. What is accidental only could be a life insurance policy disguised as a whole life policy. But it's travel accident insurance. So many of you, especially my seniors that are listening to the program, do purchase accidental policies. Why I don't know, that only covers an accident.

Donald Marquez
0:14:01
This is why it's important to get an insurance review. If your life insurance policy is going up, I give no obligation insurance reviews. My office is located on the corner of Sahara Rancho and the U.S. Bank Center located on the 8th floor. I work by appointment 702-236-2624. People ask me several questions.

Donald Marquez
0:14:26
Will I need a medical exam when I apply for life insurance not necessarily it just depends on your health condition the medications you take you know I take it step by step I will find a policy that you can't afford to fit in your price category everyone has a price you know sometimes people come to me so how much life insurance I can get it just depends on what your budget is I would really like to know what your budget is

Donald Marquez
0:14:52
and we can work from your budget. What's the point of me quoting you life insurance and it doesn't fit in your budget? Will my insurance be cancelled if my health changes? That's a question I've been asked many times. No. Once the policy is issued and you're, let's say, three years down the road and your health changes and you know it does not have effect on your life insurance policy your policy is issued at the time you take out the policy with your current medications that you're taking and your current health status keep that in mind I've been asked that over to my many years

Donald Marquez
0:15:30
will my insurance be canceled if my health changes no but if you are a smoker, taking out a life insurance policy as a smoker, and later in life you decide not to smoke, you have to be smoke free for 12 full months, you can get re-evaluated. So if you do have a life insurance policy, and you stopped completely smoking for 12 months You can't be re-evaluated by your life insurance company. You just contact them and say that yeah I'm smoke-free for 12 months. They may require you to have a saliva test

Donald Marquez
0:16:17
Yeah, right so saliva test is when they put this Thing in your mouth on it. Just whatever it is in your mouth. They swab your mouth and then they look at the lab to see if you have any tobacco or THC in your mouth. You know sometimes people smoke cannabis and there's THC so that could be considered smoking or you may smoke a cigar on occasion. The thing about cigars, I do have companies if you do smoke cannabis they won't rate you as a smoker or if you have an occasional cigar They may or may not rate you as a smoker just depends on the company that I select

Donald Marquez
0:16:58
I have to review the under under underwriting guidelines to make sure it fits Families I've had people call me. Can I put my family on one life insurance policy? We don't ensure husband and wife together anymore anymore. We stopped doing that years ago because if the husband passes first and he is the named insured then the policy is over. This is why we don't put the husband and wife together or it have to work out where the named

Donald Marquez
0:17:26
insured, let's say it is the husband and the wife is a second named insured when the husband passes the life insurance policies cancel. Those policies we do not issue them anymore because the wife outlived the husband, she finds herself with health problems with no life insurance or she didn't realize okay well I want my husband and I we're on a policy together and these are much older policies of course now he passed and family thought she had life insurance but come to find out the policy council when the named insurer passed. Again this is a good reason to have an insurance review. Another good reason to make sure the beneficiaries are updated.

Donald Marquez
0:18:10
Your beneficiary could have passed and you need a new beneficiary so you need a beneficiary change form to update your beneficiary as your primary beneficiary and also your contingent beneficiary. You want to make sure that information is updated now your contingent beneficiary I've seen people fill out the primary beneficiary at 50% the contingent beneficiary at 50% This is absolutely wrong the way you fill out your life insurance policy beneficiary information you want your beneficiary or beneficiaries at

Donald Marquez
0:18:43
At a percentage and has to add up to 100% if there's more than one primary let's say there's two primary you can you can have it any way you want 30% 70% 50-50 however you decide to split the primaries up up to 100% now if there's only one person on the primary that's automatically 100% the contingent beneficiary Only is in place just in case the primary beneficiary passes before the insured individual. If you have a loved one that's getting ready to go into a nursing home, you may want to have a change of ownership form. That way the nursing home will not use the life insurance

Donald Marquez
0:19:29
policies as a part of an asset. You may have to sign that policy over to the nursing home. In order to avoid that, you want to do what we call a change of beneficiary form So you change excuse me change of ownership form you change the ownership of the life insurance policy for an example Husband has to go into a nursing home right the wife is the beneficiary and she's paying for the policy Now what the wife can do is do a transfer of ownership where she now is the owner of the policy,

Donald Marquez
0:20:06
the husband is still the insured, now the nursing home probably won't ask for the policy because the person that was insured originally is no longer the owner of the policy. This is information you can use because you know things change in our lives all the time. We never know what may happen from day to day. We wake up, go to bed feeling great, wake up the next day, your whole life can change overnight. I've seen it happen in my many years of living. You never know what happened. It's

Donald Marquez
0:20:37
always good to be proactive. Take care of your business now. Don't wait to the last moment. You know so many times when people just procrastinate, kick the can down the road. I don't want to talk about it. These are things we needed to discuss These are these this is information your family need to know, you know You're your family members lose a loved one And they go in the house to tear the house up looking for the life insurance policy

Donald Marquez
0:21:03
Because they know they got this very expensive funeral to pay for why would you put your family members through there? I recommend you take out a piece of paper Put down all your pertinent information your mortgage your rent the phone numbers the customer service phone numbers your loan numbers to your car and car payment car insurance this is my life insurance policy this where it is put all that together so and tell your family members

Donald Marquez
0:21:31
where all this information is and if you tell your family members that hey you are the beneficiary of my life insurance policy you know let them know what a policy is and don't let them talk you out of the policy. So many times you know family why did you get a life insurance policy? Well because I want to make sure that you know when I go when that time comes and it comes for all of us that you won't suffer financially. You will not suffer financially and I know it's a

Donald Marquez
0:21:56
tough pill to swallow sometimes. People don't want to talk about death but it's the reality of our life People want to talk. I mean, you know, everybody wants to live forever. No one lives forever Our time is short, you know less than a hundred years We have here and that's a blink of an eye in time This this planet's been around and people may dispute this but this planet has been around for over four billion years

Donald Marquez
0:22:19
That's a long time. It has another four bit two or three four billion years to go Before you know whatever happens happens, but that's the life expectancy of a planet our planet eight billion years seven billion years That's a long time so our existence on this earth is only what a hundred years maybe or less 80 85 87 less? 80? 85? 87? That's only a blink of an eye in time. We want to make sure that we're not passing

Donald Marquez
0:23:00
on generational debt. Generational debt destroys families. It really does. It tears families apart. But when that day comes, and it will come for all of us, then you find out exactly how well your finances were kept. Now if you say, well you know I've saved money in my savings account. But if no one has access to your savings or your checking, how do they suppose to access the money? You know, you take them through a lot of loops.

Donald Marquez
0:23:24
If you plan on leaving your home to your children, you don't have a trust or a will, how do you plan on leaving your home to your family members? If you never add your family members on to the deed of the property whether you have a mortgage or not how you gonna pass on that generational wealth? How are you gonna pass property on? Well I own a couple of homes you know I own houses in another state but you don't have a will to trust and you don't have no one on the deed other than yourself. Or you

Donald Marquez
0:23:55
could have your husband and wife the husband or the wife passes it happened to me happened to me. I had to go down to the assessor's office and transfer my wife's name off the deeds of the properties that we own. Set myself up with a trust. So now I have everything in a trust. This is news you can use.

Donald Marquez
0:24:18
I mean I want everyone to live a healthy life as long as they can. But you have to understand we have to get our house in order your house is like a business You run it as a business of course you have to pay your power bill you have to pay your utility bills You know you have to pay the mortgage you have to pay the rent now. We have to pay for TV I remember when television was free and a lot of you that's listening to this program understand exactly what I'm saying The commercials pay for television now television is a utility, but your house is ran like a business because you have to pay off those bills every single month

Donald Marquez
0:24:54
In order to enjoy the luxuries of having air-conditioned gas to cook on Television programs endless television programs, you know, I can't stand this streaming and you know, you see something come on Oh, I would like to see that. And this is another channel that you have to buy to watch these different programs. I don't think it's fair.

Donald Marquez
0:25:24
I really don't. You could spend, you could be up to $300 watching television. You know, you could be easily $300 bill every month watching television. Where you could take,

Donald Marquez
0:25:34
reduce some of that television watching, reduce some of these programs, and have yourself a life insurance policy. Let's cut that TV watching in half. Maybe read a book, get out and take a walk, get some fresh air, listen to some music. Enjoy your home, enjoy your backyard. It's getting ready to be cool. It's starting to cool down next week. Oh my goodness, I'm so tired of this heat.

Donald Marquez
0:25:56
It's going to be in the 80s starting this week. I'm so glad to see that. This has been a long summer here in Vegas. Born and raised here. And I'm just tired of the heat. I want to see the 80s and the 70s again. Those were really comfortable days. Get down in the 60s and 70s at night. But you know we're going to get there.

Donald Marquez
0:26:19
My whole point is we can make adjustments. We can make adjustments to our life insurance policy to protect our loved ones. You're the most valuable asset in the house. Not so much what you've spent on cars, what you've spent on nice clothes, but you know we need life insurance. Everyone needs life insurance. Don't say you can't afford it. You cannot afford to be without it. I'm a licensed insurance broker. I represent over 60 life insurance companies. My

Donald Marquez
0:26:47
702-236-2624. 702-236-2624. Easy application to fill out. I do all the work. You just sit there or we can do everything over the phone. We can do everything over the phone.

Donald Marquez
0:27:03
We can submit your application over the phone. My office is located right on the corner of Sahara Rancho in the US Bank Center, 8th floor. But you know, I work by appointment and I will work some Saturdays. My business hours are Monday through Friday

Donald Marquez
0:27:22
from 10am to 5pm. And some Saturdays I will work. I don't work on Sundays. And I don't mind you calling me on a Sunday to set up an appointment. 702-236-2624

Donald Marquez
0:27:36
We'll make it very easy. We'll, the money that's coming directly out of your checking account, you can select a due date between the 1st and the 28th of each month. Have the funds pulled directly out of your checking account. You know, and that's simple. That's easy. Some people like the middle of the month.

Donald Marquez
0:27:54
And we will find a policy that will fit in your budget. Now, there will be a series of questions. And some, the large, some of the larger life insurance policies could require a physical that you don't pay for. Life insurance companies pay for the physical. We just need your doctor's information, name, address, phone number.

Donald Marquez
0:28:15
We get the policy rolling on the larger life insurance policies that start at $100,000. We could take it all the way up to a million or more if necessary. My name is Donald Marquez broadcasting right here at KUNV 91.5 Jazz and more. Enjoy your Sunday morning. I hope your sports bets come in. We'll do this again next week. Until then, just keep it crispy.

Donald Marquez
0:28:35
We'll do this again next week. Until then, just keep it crispy.

Announcer
0:28:38
Thank you for listening.

Transcribed with Cockatoo