Planning for the Future: The Importance of Life Insurance and Financial Preparedness with Donald Marquez
Donald Marquez, a licensed insurance broker, discusses the importance of life insurance, particularly in covering funeral expenses, which can range from $15,000 to $20,000 for traditional burials and $3,000 to $8,000 for traditional cremations. He emphasizes the need for proactive planning and highlights the benefits of whole life insurance policies, which offer locked-in rates and benefits. Marquez also addresses the challenges of managing mortgages and finances after death, stressing the importance of having one's name on the deed to avoid probate. Additionally, he mentions the upcoming REAL ID deadline in Nevada and the necessity of having a life insurance policy that fits within one's budget.
