YOUR INSURANCE CONNECTION

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0:00:00
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Wesley Knight
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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, my name is Donald Marquez.

Donald Marquez
0:00:47
This is your insurance connection broadcasting right here at KUNV 91.5 Jazz and More. Happy Sunday morning from 8am to 8.30 every Sunday. My name is Donald Marquez. I'm a licensed insurance broker. Keep it locked right here at KUNV 91.5 Jazz and More for more talk shows and of course our amazing music broadcast every single day at KUNV. I'm a licensed insurance broker coming on to educate you

Donald Marquez
0:01:19
about insurance, life insurance, homeowners, auto insurance, but primarily I focus on the life insurance because I find in all populations we need to have life insurance in our households. You know, I'm going to get you qualified for a life insurance policy. Just by listening to this broadcast I'm actually I'm gonna ask my listeners to think about what I'm asking you these questions to qualify for a small benefit whole life insurance benefit up to $35,000 in coverage. Now who would need a policy up to $35,000 in coverage? Let's say you

Donald Marquez
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have a history of diabetes, lupus, cancer, multiple sclerosis, you have underlying health conditions where you've been turned down before or if it's not for you maybe for one of your loved ones have been turned down so let's get right to it. You know benefits are paid in 24 hours a whole life benefit up to $35,000 in coverage and this is what I really do enjoy to tell my listeners there's no health examination just a few health questions to ask most people qualify with even with health issues and rates and benefits are locked in for the life

Donald Marquez
0:02:34
of the policy to age 100 you want you qualify for the insurance no there's no physical and the rates and benefits are like land for the life of the policy one of the questions I get asked most often is can I raise my life insurance? Can I increase the benefit? I get that question asked quite often. Now if your policy has been in effect for the last two years what we'll do we just if we can we'll write you a new policy. But let's say you take the full 35k I would have to find another insurance company a whole life

Donald Marquez
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company with your underlying health benefits to write an additional policy because you've taken the full amount up to $35,000. Or if you take less than $35,000, let's say you only take $20,000, but now you have an additional $15,000 to apply for. My name is Donald Marquez. I'm going to make this real simple, real easy. Now if you want to include accidental death benefits, we do have accidental death, single

Donald Marquez
0:03:35
and death due to a car accident is also included in the policy benefits. Now, here are the questions. Because some people get a little concerned about the process when it comes to getting a life insurance policy. The first step is, I take your name, your address, just your basic information, your phone number. Of course, we're going to need your date of birth, whether you're male, female, just go down the list. You know, then we want to know if you want to have any child writers, anyone, any child

Donald Marquez
0:04:08
17 years or younger can be added on to your life insurance benefit. Now when we go on for final expense, we have a monthly payment method, monthly draft or annual draft, or you can have select a semi-annual draft. You know, this is not that difficult. You can select a due date between the 1st and the 28th of each month. With the child rider, your child is included on your life insurance policy. Because sometimes family members want to add their young children or even their grandchildren onto the life insurance policy.

Donald Marquez
0:04:40
Now, they're insured up to age 25. They will spin off and offer their own life insurance policy. It's a cost-effective way to include your young family members, 17 years or younger, on the life insurance policy. There's no physical required for the young person added, whether it's your child or grandchild,

Donald Marquez
0:05:05
or if you're a guardian taking care of a child, you can add a life insurance policy on your child, but they would be on your policy as an additional rider. Your primary beneficiaries and your contingent beneficiaries. Let's talk about that for a moment because that's sometimes I get miswritten down who's a primary who's a contingent. Now your primary beneficiary is going to be a person or persons up to 100% of the death benefit.

Donald Marquez
0:05:29
Now the face amount of the policy they will receive the face amount of the policy when that day comes and it comes for all of us. Now, they're either going to be the ones who receive the benefit. Now your contingent beneficiary is a person that's in a hold position just in case the primary beneficiary passes before the applicant passes. In other words, the owner of the policy, if the beneficiary passed, then the contingent beneficiary automatically moves up in the primary position at a percentage or at a full 100% Just keep in mind your primary beneficiaries has to if you have multiple Primary beneficiaries that it has to add up to 100% and let's say just for an example if there's two people

Donald Marquez
0:06:16
50-50 or however you want to divide it 60-40 and that or here's another one too if you like to leave your church or your organization or whoever you would like to leave the policy to, you can also assign the primary beneficiary not only a person, but also to a nonprofit or let's say a church. Or if you would like to, you can do this, too. I've seen people do it. Add the fruit on home of choice as a primary beneficiary. So, you know, you don't really have to add a person as a primary beneficiary. That's my whole point. And again, I spoke about the contingent,

Donald Marquez
0:06:54
but I've seen this happen. People write down, they have two beneficiaries. They'll have 50% for the primary beneficiary and 50% for the contingent beneficiary. That is filled out absolutely incorrect. Absolutely incorrect.

Donald Marquez
0:07:10
Now, if the primary, let's say the husband, and the husband passes away before the wife as an insured individual, then the contingent person, if there is one, will automatically move up. So many of you out there have lost your primary beneficiary through time, but you haven't replaced that primary beneficiary yet. And I cannot say this enough.

Donald Marquez
0:07:29
I've said it many times on my show. You need to contact your life insurance company. Get the form, get the form, fill it out, get you a new primary beneficiary because you don't want your policy to go into probate at that time when your family is really going to need the policy most and they find out, well you know, dad died years ago and mother, she never did put a new primary beneficiary on the life insurance policy.

Donald Marquez
0:07:53
That's why it's also good to have an insurance review so we can get updated on your life insurance. I offer no obligation reviews to have you come in, we sit down together with your life insurance, I'll review it no charge to you, we'll review all your policies, your home, your auto, and express you your life insurance because I find that the life insurance is always one to look at and there could be something wrong, if there's nothing wrong with your life insurance, I

Donald Marquez
0:08:21
will push it back and say keep what you have. But you know, I would say 7 out of 10 people that come to see me on the insurance review, there's something wrong. A lot of times you may have accidental only life insurance and I know it, or your policy could expire when you turn in your mid-70s. We don't really have time to, you know, on our side, you know, time goes by so valuable. It's valid. Time is valuable. It goes by so quickly. You know, just three weeks ago, I've been in the studio in almost three weeks

Donald Marquez
0:08:52
This is my first time back, and I think my loyal listeners to continue to listen, but I had kovat and the flu So I've been I've been out Trying to heal trying to get well, but it's good to be back in the studio. Let's continue Let's continue Now if you are a tobacco smoker Which I get very few tobacco smokers calling me,

Donald Marquez
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who are my tobacco smokers? Cigarettes, are you smoking cigarettes? Or if you smoke a cigar on occasion, we may not rate you as a smoker. Or if you smoke cannabis, which it is legal in the state of Nevada,

Donald Marquez
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we will not rate you as a smoker. I am licensed for the state of California and also for the state of Nevada. Now, if you have HIV or AIDS and you have less than 12 months to live, that's one of the questions we ask.

Donald Marquez
0:09:43
Or if there's an applicant that is bedridden, hospitalized, or in a care facility receiving hospice care, this is one of the questions I will ask. Now nine more questions here, and these questions only go back two years. Disease of the heart, including heart attack or heart surgery or congestive heart failure. Disease of the circulatory system, including stroke, aneurysm, or have been advised to have surgery to improve circulation.

Donald Marquez
0:10:11
Now if you answered those questions I just previously asked, then you are almost good to go. We are halfway there. Cancer other than basal cell skin cancer. So if you have cancer other than basal cell skin cancer, we can still get your policy regardless. Disease of the lungs including COPD or emphysema other than asthma, we can get your life insurance

Donald Marquez
0:10:36
policy. Disease of the liver, kidney, head and organ transplant, still can get your life insurance policy. Alzheimer's disease, dementia, we would need a third party, an additional person, maybe a wife or relative, to answer the questions on your behalf and also have the money come out of their

Donald Marquez
0:11:05
account to pay the premiums. We cannot have the premiums coming out of a person's account with Alzheimer's or dementia. We need an initial individual to sign for that individual with Alzheimer's or dementia. It's very simple. It's not that difficult. If we need to, we can authorize a POA power of attorney. I have Christine Bernard as a team member of Your Insurance Connection. She can put together a POA power of attorney so you will have full authorization be a full authorization to speak in this individual's behalf that has Alzheimer's or dementia and

Donald Marquez
0:11:44
also you can sign for them. Real easy, very simple. Alcohol or drug abuse, if you have alcohol or drug abuse problems, we can still get you a life insurance policy, so don't give up there. Complication of diabetes, this is one that, you know, a lot of diabetics out in Vegas. I had no idea there was that many diabetics.

Donald Marquez
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But, you know, cut down on your sugars. You know, sodas, pizza, breads, they're really not good for you. Complication of diabetes meaning, meaning including amputation, diabetic coma, blindness, or kidney disorder.

Donald Marquez
0:12:20
Now, if you don't have complication of diabetes, including amputation, diabetic coma, blindness, or kidney disorder, you're good to go.

Donald Marquez
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You're good to go.

Donald Marquez
0:12:30
Most people don't have those complications. So, if you are a diabetic, you know, really watch what you eat. You know, just stay focused. You know, you can always go online and find the do's and the don'ts, what foods are good to eat and what foods are not good to eat. Has the applicant been advised to have a diagnostic test relating to any of the questions that I just asked, except for those for HIV or

Donald Marquez
0:12:53
AIDS where the results have not been received. These are one of the questions I'm going to ask. Are you waiting on test results? Now we also want to know does the applicant have an existing life insurance? That's a yes or no. All these are yes or no answers by the way.

Donald Marquez
0:13:07
And will the policy replace or change other insurance or annuity contracts? Now we want to know if you have a current life insurance policy or will this policy replace the policy that you currently have. We want to make sure it is to your benefit to if you need to replace your current life insurance for a new policy. Sometimes you may have term and the term policy is running out.

Donald Marquez
0:13:30
The beauty of a whole life policy is it stays with you to age 100. Now there's three types of life insurance that I offer. Term, universal life, and whole life. My whole life product is for individuals with underlying health conditions. Lupus, cancer, COPD, if you have you know a multiple sclerosis, you know lupus, that's another one, diabetes, people get turned down for these underlying health conditions or if you

Donald Marquez
0:14:00
you know your weight, if you have a certain weight and you've been turned down for life insurance I've never asked what your weight is, your height is on this application. The question is not there to ask how tall you are, how much you weigh. They don't ask the question. Fortunately up to $35,000 worth of coverage. I've insured a gentleman he weighed over 600 pounds and one of the questions was not on there. Sir, how much do you weigh? Or ma'am, how much do you weigh?

Donald Marquez
0:14:30
How tall are you? We don't ask that question. We get to qualify for the life insurance. And benefits are locked in for the life insurance policy. And in most cases, you have day one life insurance. Day one.

Donald Marquez
0:14:45
There's not a two or three-year wait period. Now, some of these policies you receive, these offers you receive in the mail, there's a two to three year wait period. So you have to buyer beware. I never advise people what comes in the mail and they come from well-known resources, your credit unions, your banks, or your department stores. Oh okay, I'm familiar with that brand name. I'm gonna sign up for this accidental only life insurance policy. Do not get fooled by an accidental only life insurance policy

Donald Marquez
0:15:18
because they don't pay for natural causes. Keep that in mind. They only, only, only pay for an accident. Again, you know, the delivery method is the policy will come to you by way of mail. Once we complete the application, we get the authorization to move forward with the life insurance policy. Once you receive your life insurance policy, once you purchase it through me, then you'll call me, we'll make another appointment, and we'll go over the life insurance policy line by line. It's very simple. It's a whole life insurance policy that builds cash value over time. We could do it over the phone, or we could do this policy in person.

Donald Marquez
0:15:59
It doesn't take that long, only about 45 minutes of your time you know you can select the due date between the 1st and the 28th of each month when you want the policy premiums pool some people like the middle of the month for whatever reason it works better for the middle of month of course we want to know your bank information not your debit card we would like to only have your checking account and the reason why we don't want your debit card because debit cards change over time, they get lost or misplaced,

Donald Marquez
0:16:28
or they may expire and you get a brand new card and people don't notify the life insurance company to say, you know what, my debit card has expired. This is why we want checking accounts and routing account numbers because they usually stay the same.

Donald Marquez
0:16:43
They don't change unless you change banks. But if you do change the banks, we need to know. Here's another question I get asked from time to time if if you started an account open your you open your account with Let's say bank a and you've had it for a couple years now you move the bank B We need to know what the bank that is because we won't know

Donald Marquez
0:17:04
Or you could also select an additional due date Or you know or you can what I'm saying is you could change your due date. You could change your due date. If you selected the 15th of the month, you can change it to a different date of the month up to the 28th.

Donald Marquez
0:17:21
My name is Donald Marquez. This is your insurance connection. My contact phone number is 702-236-2624. 702-236-2624. If we have a policy that's over $20,000 in coverage, we need to know the name of the medications. You're currently taking now whether you

Donald Marquez
0:17:43
Take them or not, but you feel the prescription They're always going to show up some people come to me as a way, you know I I do fill a prescription, but I don't take the medications, but you know life insurance company doesn't know that But you are filling the prescription when no matter what it is. You're filling the prescription So the life insurance companies when you take any of those pills or not, they're still gonna rate you accordingly what they look at You you know, you're taking the medication. That's how they look at it. You're taking the medication

Donald Marquez
0:18:05
Now when it comes to your child rider, that was only a few health questions. They want to make sure the child is healthy There's no physical for your child as a writer as I said earlier in the conversation I know you can insure your child or even your grandchild as a child rider. As long as they are 17 years or younger, we can add the child on the life insurance policy. There is no fiscal. There are only four health questions. We want to make sure the child is not institutionalized in a care facility or receiving any type of hospice care. And also your grandchild or your child is not diagnosed with the following

Donald Marquez
0:18:44
heart condition, cerebral palsy, muscular different, spine dysbiphemia or a you know a cystic fibrosis. I messed that up a little bit but hey we'll fix it later. And also we want to make sure the

Donald Marquez
0:19:02
child is now doesn't have AIDS or HIV.

Donald Marquez
0:19:03
You know this is not that hard this is not that difficult. I'm still struggling a little bit with my with my I don't know it's laying around I got a little flu going on a little cold going on look congestion but I'll be okay you

Donald Marquez
0:19:20
know I'll be okay my name is Don Marquez for more information my contact phone number is 702-236-2624 702-236-2624 if you're gonna plan on doing a little traveling coming up next year just keep in mind we have up to May 7th

Donald Marquez
0:19:42
of 2025 to get the real ID the TSA is acceptable accepting real ID at the airports at the checkpoints it's a star that you put on your driver's license but we have up until May 7th 2025 to get the real ID for checkpoint purposes in the airport. Keep that in mind. You can make an appointment with the DMV to go down and get your real ID. It's probably a good time to get your real ID when you your driver's license is getting ready to expire. That way you can take care of renewing your

Donald Marquez
0:20:19
driver's license and getting your real ID at the same time. 702-236-2624. 702-236-2624. I'm a licensed insurance agent right here in Las Vegas and also California. You know, and if you do have loved ones that need life insurance, if you do, you need life insurance for yourself. Everyone needs a life insurance policy.

Donald Marquez
0:20:46
With the rising cost of funerals today, I don't know how you cannot have not have life insurance Someone has to pay for this very expensive funeral Just had a friend call me up the other day. I'm so unfortunately, you know she lost her husband and You know, she didn't know what to do we're fortunate enough to get her 80% of the life insurance policy

Donald Marquez
0:21:06
Before she receives a death certificate now She didn't know she can have this money coming to she made this money that was available to her as a beneficiary She said you wouldn't mean I can get the money now. I said you can get up to 80% of the death benefit before you receive your death certificate and the reason why you want to do that is because Because when you take out your loved one to the funeral home.

Donald Marquez
0:21:38
The funeral home will use a third party and they do charge an interest on the money that's going to take the burial loved one. Let's go for an example. You take your life insurance policy into the funeral home. This is my dad's policy. They add up what the funeral is going to cost.

Donald Marquez
0:21:59
Total cost, let's say $15,000. $15,000 for the funeral. They'll add an additional percentage. Now use this about 10% but it could be even higher. So $15,000 at 10% that's an additional $1,500. Up to $1,500 at 10% you know up to 10% let me say up to $1,500. Add it on to what you're already paying for. So if the funeral costs $15,000, now they add another 10% on top of that. Now you're right at $16,500. You could save that money by taking an advance and the money will be in your account within a couple of days, taking an advance, and you don't have to

Donald Marquez
0:22:43
pay that additional fee. And then this is why it's important to have an insurance agent that you can talk to. When I find out one of my clients have passed away, I pick up the phone and I contact the beneficiary. Give my condolences to the family and explain to them as a beneficiary what is the process to getting the money to take care of these very expensive filing expenses. It's not that difficult.

Donald Marquez
0:23:10
And I will give my authorization. If I wrote the policy and we go through Lincoln Heritage Life Insurance Company I can authorize up to 80% of the face amount of the policy to be in your checking account within 48 hours My name is Donald Marquez. This is your insurance connection. My contact phone number is 702-236-2624 702-236-2624

Donald Marquez
0:23:34
Again, on a whole life insurance policy, there is no medical exam. Just a few health questions that are yes or no questions. I laid out the questions so you can, in your mind, answer yes or no, whether you have these conditions or not. Where are my smokers? I rarely get anyone calling me for life insurance that smoke. With the cost of cigarettes at $10 a pack, how can you not

Donald Marquez
0:24:05
afford not to have life insurance? Just reduce your cigarettes. At $10 a pack of cigarettes, if you smoke a pack a day, that's $70 a week. That's $280 a month if you buy a pack of cigarettes every single day. $280 a month. And you know in California, you cannot buy menthol cigarettes anymore. In the state of California, they stopped selling menthol cigarettes

Donald Marquez
0:24:30
because they understand the dangers with cigarettes, especially menthol cigarettes. I am here to take you through the process step by step. It is not that difficult to, you know, life insurance is a gift of love. I mean, you can look good on the outside,

Donald Marquez
0:24:45
drive nice cars, and I talk to people, single people, you know, they have two or three cars and you can only drive one car at a time. But you do need life insurance. And I've heard people say, you know what, I'll just leave that up to my children. I've taken care of them all my life.

Donald Marquez
0:25:00
It's time for them to take care of me. I don't think that's fair to them because they have their own responsibilities. And now all of a sudden they're burdened with an additional bill of 15 to $20,000 to take care of your responsibility. I don't think that's fair to leave anyone in a position to take care of your responsibility. And it's not that difficult to do. It is really not. I mean, we spend money on other things. Like I said, some people,

Donald Marquez
0:25:25
one person may have two or three cars. Do you really need two or three cars? Or they may have toys. Do you really need all these toys? And I hate to say this, ladies probably get upset with me when I say this but these Gucci bags for four or five thousand dollars are you serious? And no life insurance? I mean you can look good on the outside but when it comes down to your finances your family's gonna find out you know looking good on the outside really doesn't matter because not only they got to take

Donald Marquez
0:25:56
care of funeral they have to take care of other final expenses moving your furniture out of the house maybe paying the mortgage for a few months, paying the rent for a few months because maybe they have to fly in town because they don't have the luxury of being here and taking care of these final expenses that's going to come up. So, you know, a funeral, let's say it's $15,000 to $20,000, but we're going to add on additional fees because it's going to cost that. pay a mortgage for three months. Just imagine what that costs additional. If you have to pay rent two or three months, just imagine what that costs additional. Now you have to move all the furniture out of the home. Get it rent ready or sell it.

Donald Marquez
0:26:36
How long will that take? While the home is being in the process of selling, if you could sell the home because now your name is on the deed or you know, the property's been passed down to you. You have to wait for the will. I mean, it's a waiting process. People go into debt. A lot of times they have to file bankruptcy because that loved one that did not get to take out

Donald Marquez
0:26:58
a life insurance policy, secure their finances. Usually in the United States, they leave up to $60,000 in debts to their loved ones. Losing a loved one is one of the leading cause of bankruptcy in the United States. The United States, one of the leading causes of bankruptcy is because someone just didn't

Donald Marquez
0:27:21
take the time out, say, you know what, I can't afford a life insurance policy because you cannot afford not to have one because you do not want to burden your loved ones with this very expensive lesson to learn. And it only takes one or two funerals to realize that, hey, you know what, we're not going to do this again. And I've had many people come in and tell me, you know, we pay for two funerals.

Donald Marquez
0:27:41
We're never going to do that again. And not only to fill the additional costs that's involved too. My name is Don Marquez. This is your insurance connection. My phone number is 702-236-2624. 702-236-2624.

Donald Marquez
0:28:00
My location is in the heart of our beautiful city right on the corner of Sahara and Rancho for It's going to get cool down here in a little bit. Just be patient. We get out of this 100 plus degree weather, get down to the 70s and 80s. Can't wait for that to happen.

Donald Marquez
0:28:40
And football is right around the corner. My name is Don Marquez.

Donald Marquez
0:28:42
This is your Insurance Connection. Have a great week. Have a great week. Until next week, just keep it crispy.

Transcribed with Cockatoo