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.

Donald Marquez
0:00:46
Good morning, this is Donald Marquez with Your Insurance Connection, broadcasting right here at KUNV 91.5 jazz and more every Sunday morning. Good morning everyone. Thank you for listening to my program. I'm an insurance broker and I bring you valuable information about insurance every Sunday right here at KUNV.

Donald Marquez
0:01:07
It's a beautiful day today. I love the weather. Let's get down to it. You know I get a lot of questions asked in the insurance business you know about life insurance. You know why do I need life insurance? That's one of the biggest questions I get asked. Why do I need life insurance? Well unless you have a lot of money saved up you need life insurance. Everyone is going to have

Donald Marquez
0:01:31
a final expense. Everyone is going to have a final expense. Funeral costs today and there are other expenses after the funeral, of course, that we all know that the power bill is still going to continue to come in, the water bill is going to continue to come in, the cable bill, getting your nails done, ladies, getting the haircut, fellas, putting gas in your car, paying the rent, paying the mortgage. It just goes on and on and on and on. It costs to live every single day. Can you just imagine having to a two-income household?

Donald Marquez
0:02:05
And then it cuts down to one income household because it was unpredictable Passing and you cannot you could not predict when a passing is going to happen. It was a funny conversation I had with one of my customers just just last week She said um and she you know, she's in her early 70s and we're talking about different options with policy She heard the program on KU and B and she came in my office and we talked and she said, well I'm not gonna live that long. I said, when are you gonna die?

Donald Marquez
0:02:31
She said, well I don't know I think I'll pass and I don't know I'm 72, probably around 82. So you're gonna put it on a fingerprint on her, 82. She said, yeah I have about 10 years left. I said, how's your health? She said, oh I'm very healthy I don't take any medications or anything. Well why would you predict your own you know passing at 82? And she said to me, well you know that's what I figured 82 that'll be it my parents and lived to be 80 so I figure I'll make it as far as

Donald Marquez
0:02:57
82 I wish it was that easy it would make my career a lot easier because you know when you know you're gonna go then you will come in and get the life insurance because you know I have about five years left I need to go in talk to Don Marquez and get some life insurance I only have 10 years left and I need to go talk to Donal Marquez about purchasing life insurance. Yes, yes.

Donald Marquez
0:03:20
So, when you know or if you think you know, then you would come in a lot sooner. You know, you would take care of your necessary business. And purchasing life insurance, I say, is a necessary business, especially if you're not really, really good at saving money. Your family is going to need this money. Now yesterday I went to a funeral service. The viewing was on Friday. The funeral service on Saturday.

Donald Marquez
0:03:49
And after the viewing, after the ceremony, everybody get up and say what they have to say and the service is over. Then they are going to cremate the remains. I just happened to ask a family member how much was this funeral? Because it wasn't over-the-top or anything just you know it was close they said it was almost almost $10,000. I said wait a minute it was just a cremation I mean he said well we have to rent the casket, we have to rent the limo, you know all that flowers

Donald Marquez
0:04:25
flowers $10,000 and that does not include the repass and that was more money. We didn't get into that. I was just curious. You know, because sometimes people tell me, well, you know, accretion is only about, you know, so less than $3,000. That may be, may be or may be not true, but you have to understand when a person passes,

Donald Marquez
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you're going to need at least five death certificates and they cost money and it's always good to get the death certificates through the funeral home, through the mortuary. It really is. Now you can go to the health department but you have to be a blood related relative to get a death certificate and they do charge a fee for the death certificate. But I was just curious because when I offer a life insurance policy I want to make sure that you know they have enough money to cover them at least the funeral services

Donald Marquez
0:05:19
With some money left over this is what I strive to do of course all that Depends on your budget how much you can afford to pay and how much you can afford to pay now and the reason why I say that because You know I've talked to women they get their nails done every two weeks And what they pay to get their nails done is a lot of money. And I'm not saying not get your nails done

Donald Marquez
0:05:41
because everybody like to get their nails done. I even get my nails manicured, okay? I'm a man and I like to, my nails look neat, especially when people are talking to me across the desk. I want to make sure when they look at my hands, it looks neat and clean.

Donald Marquez
0:05:57
But the things we spend money on, sometimes we spend money on a lot of things. And the reason why we have inflation is because we still buy. We don't have a problem spending money. We really don't. And people say, well I can't afford life insurance. You cannot afford not to have life insurance.

Donald Marquez
0:06:16
There are so many uncertainties in life today. It truly is. I get phone calls from classmates. This one passed. That one passed. Sometimes I know these people, sometimes I don't. But you know, I grew up in Las Vegas, Nevada. This is my home. And you know, I recognize names because we, it was a small town back then. It was only seven high schools. I'm kind of telling my age a little

Donald Marquez
0:06:38
bit, but it's okay. I'm proud of who I am and where I am in my life. And there's only seven high schools and you know your crossed away neighbors, you know a couple of blocks over or going to different schools competing. But when you get older like I am and my mother used to tell me as she was aging in life she said a lot of your friends you're gonna see past you know it's gonna see you're gonna see it a lot more the older

Donald Marquez
0:07:11
you get the more you're gonna see it. But it's really important to have everything in order, your life in order. That way you don't pass on traditional debt, you will pass on traditional financial stability. Let me say it that way. Because you know I can all easily say you pass on financial wealth. I mean if you got a large life insurance policy, or you're looking to purchase a large life insurance policy, yes you can pass on wealth. I was talking to a young lady, and I talk to a lot of people, that's why I bring this up, because there's so many different

Donald Marquez
0:07:44
stories out there. A totally young lady, I said, you know, she asked me about life insurance, she wrote a program on KUNV. She's in her mid-30s, two children, single. Okay, it's going to cost you, it was less than $40 a month, $4 million worth of life insurance. She said, well, you know, I got to think about that because, you know, I do have life insurance on my job. I said, how much is your job paying you?

Donald Marquez
0:08:10
Well, you know, I make $50,000 a year. I said, well, that's three times your salary. That's $150,000. You know, if you have a premature passing and you have two young boys, how long is that going to last? How long will that last?

Donald Marquez
0:08:24
Oh, well, I don't know. I never thought about it like that. I said it doesn't last long. It doesn't last long. Now we're two young children and someone has to take those two young boys and raise them with you know with less than $150,000 because it's gonna cost money initially to take care of your final expenses and then what's left over goes to your two boys. And you have to think like that sometimes and she said well

Donald Marquez
0:08:50
that's about a hundred fifty thousand dollars probably will last if they're really really good at money maybe two to three years that's it, got to feed them, cloth them you know take care of them financially uh... you know christmas is expensive, birthdays are expensive, vacations are

Donald Marquez
0:09:07
expensive so of course the person is going to use that money and that's going to be depleted really quick now when you're that young, in your middle age, 30s, you know, you can get a lot of life insurance for very low cost. It really doesn't cost that much money.

Donald Marquez
0:09:22
You spend a lot more on you getting your nails done and the tip. You really do, a whole lot more. But if you think in terms of your future, you say to yourself, you know, if I'm in my mid 30s or early 40s, I could get a lot of life insurance for low cost. And why not? And you know, I did, I, my policy and when I was not in the business, I bought my first life insurance policy when I was 38. Yes, I did. When I was 38 and I

Donald Marquez
0:09:48
should have bought it a lot sooner. It was prevented, it was presented to me. Let me slow down a little bit. It was presented to me to purchase life insurance in my late 20s. But you know at that young age you just say to yourself I don't see the value in buying life insurance because you know you think you're going to live forever. And back then you know the cash asset was 7% because you was getting 7% cash value on your money. You know the money was added up really quickly but you know again the money that I was spending going buying clothes, shoes and other accessories that I really didn't need, I could have had a

Donald Marquez
0:10:28
valuable life insurance policy at a very young age. However, you know, getting married and getting settled down, buying a home, having children, you realize that, oh, I need to protect myself. 38 years young, I bought a life insurance policy, a substantial policy that I still have today. I still have it today. And I want to be able to pass on a generational financial stability. Absolutely I do.

Donald Marquez
0:10:53
I don't want to put my family in a position where my children are financially strapped. Where, hey, dad, you sold insurance all these years and you don't have any life insurance. So when I talk the talk, I walk the walk. I've experienced loved ones in my household passing,

Donald Marquez
0:11:12
my wife, my mother, my dad, and I've seen my cousins pass and thank God we all have life insurance. We do have life insurance and I encourage my children to have life insurance. They have life insurance because nobody wants to talk about that day and it will come for all of us. Nobody wants to talk about that day and sometimes we need to have that hard conversation with our loved ones because it's going to cost someone a lot of money. It's going to cost someone a lot of money. We all will incur a final expense. You know, it's going to happen. And you know sometimes people leave wills, sometimes people leave a bill.

Donald Marquez
0:12:05
What's that song about? Papa was a Rolling Stone by the Temptations. Only thing he left for us was a bill to pay for his expenses. It's very expensive for filing expenses in the United States. And I read some statistics. People usually leave about $60,000 in debt to their loved ones. If you're married and you can have this conversation with your spouse and you probably already know this information. You know you have to have the conversation. Okay did you take any credit cards out in your name? Did you did you put my name on the credit card

Donald Marquez
0:12:43
to get credit cards? Because if you are married you want to get those credit cards not jointly. You want to get them separate. Or if you're cohabitating, you know, you don't want to get credit cards jointly together because if you have a premature passing and that credit card debt with your name on it as a cosigner, you could inherit that debt. But if you're separate on the credit cards, and I'm not a financial counselor, I'm a life insurance auto insurance insurance agent homeowners to as well, but it separates that liability

Donald Marquez
0:13:18
It separates a liability. I Experienced when my wife passed we did it the right way for to knock on wood We and I found out you that okay all her credit cards were in her name and my credit cards were my name separate and but They they were she was authorized user on my account so she could use my credit cards I was like, oh, yeah, yeah, take my credit card go shop till you drop. You know, you got you got $500 go shop till you drop

Donald Marquez
0:13:47
That's what we would do. Yeah, here's $500 go shop till you drop. Here's my credit card That's what we would do or I said, you know, I saw something I want and she go get it for me But that's what this is how this is how we we shop for each other. And everyone has their own method of doing things. But when she passed, it will be seven years next January 17th, I didn't incur any of her credit card debt.

Donald Marquez
0:14:13
And I contacted credit card companies to close out all her accounts. See, when a person passes, not only do you have to take care of the funeral situation, the funeral, that's first. You know, make arrangements at the funeral then we go to the cemetery Make arrangements at the cemetery if necessary go to cemetery But I would say the 90 a little over 90% of people go to the cemetery

Donald Marquez
0:14:37
Okay to make those arrangements and that's separate from the mortuary cost. That's totally separate That's another bill. Now after everything is done Right now you have to live. Now you have to close out your loved one's account. Then we're talking about the mortgage. If they have a mortgage,

Donald Marquez
0:14:58
you have to do something with that mortgage. If they rent and they have an apartment, and then you have to go in, move all their furniture out of the home. If they have a car, a car payment has to be made. Or even if you're married and you're together or you cohabitate you have to close out your loved ones account

Donald Marquez
0:15:14
And all of it costs money all of it costs money You may have to move out of your home that you're accustomed to living in You know for many many years and then all of a sudden you find out okay We had a life insurance policy, but it lapsed and no one ever talked about it. They just let it lapse and life goes on, holidays pass and you know life just goes on. Not realizing that your spouse may not be insured for life insurance. You know maybe we need a review. Well we should go get a review from Don Marquez and he he doesn't

Donald Marquez
0:15:53
charge for life insurance reviews. I don't. To make sure everything's updated. There are times when you know you need to change your beneficiary because your beneficiary passed. Or maybe you got a divorce and you got a divorce and you didn't change your primary beneficiary. These things happen. I can tell you some horrible stories about the beneficiary situation. Oh my goodness. I can go on and on about that, but I won't. Not on this program. But there's people that didn't change their beneficiaries and a divorce died and left the money to the wrong beneficiaries.

Donald Marquez
0:16:29
I'm leaving it at that. This is why it's important to get an insurance update. No obligation. My contact phone number is 702-236-2624. 702-236-2624. My location is right on the corner of Sahara Rancho in the US Bank Center.

Donald Marquez
0:16:51
I'm located on the 8th floor. My business hours are Monday through Friday from 10 a.m. to 5 p.m. Again Rancho Sahara, where is that located? Right across the street from the Palace Station Hotel and Casino. Tall brown building with US Bank on the top. I'm on the 8th floor. I work by appointment 702-236-2624. My name is Don Marquez. This is your insurance connection Offering you auto insurance homeowners boat motorcycle. Yes and life insurance. That's one of my favorite subjects is life insurance

Donald Marquez
0:17:25
Final expense life insurance just cut into that a little bit It's a policy with under people with underlying health conditions That can't get insurance anywhere else or the cost is very expensive. Now when you have underlying health conditions let's talk about a list of we're talking about diabetics, if you have diabetes, lupus, a history of cancer, kidney, heart, liver, lung disease, COPD, you know all this even if you have HIV or AIDS, I have a policy for you

Donald Marquez
0:18:07
now up to $25,000 in coverage. Something is better than nothing. But if you do have an underlying health condition, as I mentioned again, diabetes, lupus, history of cancer, if you have a stent in your heart, and you are up to age 85, I can write a policy. You know, benefits are paid within 24 hours. It's whole life benefits up to thirty five thousand dollars in coverage. No health examination to apply. It's just a few health questions.

Donald Marquez
0:18:40
I fill out the application one page application that yes or no answers. Thirteen questions. Yes or no. And we can do this in about 30 minutes. We could do it all in 30 minutes. But a lot of times, you know, people want to come and talk to me. And this is what happens when they ask a lot of ask a lot of questions, which I don't mind. I really don't mind. I give you two hours of my time. I do not charge for my time.

Donald Marquez
0:19:01
I do not charge for my time. Rates and benefits are locked in for the life of the policy. Now, we can also include with the whole life policy up to thirty five thousand dollars in coverage. And that's a policy. There's no health examination, just a few health questions. People qualify even with health issues. It's a burial policy.

Donald Marquez
0:19:21
That's all it is. It's a burial policy. The mortuaries, they do offer a type of burial policy plan. When you go there, you pick out everything that you want. Your casket, your arrangement. They have packages they sell you. The problem with that is there's no money left over. None. No money left over.

Donald Marquez
0:19:44
No additional fee and money left over. And the cost of those plans, you know, those final expense plans at the mortuary, cost more than a life insurance policy. You know, now, with a life insurance policy is a tax free benefit. When you go to the mortuary, their taxes have to be included in the package or your beneficiaries will pay for those taxes when that day comes.

Donald Marquez
0:20:10
Now, people say, well, you already got my funeral paid for.

Donald Marquez
0:20:13
Well, that's good.

Donald Marquez
0:20:14
You got it all already paid for. Now, it's paid off. Let's get a life insurance policy so you have additional money to leave to your loved ones. It's okay to leave money to your loved one. It really is because they're going to need that money to take care of your filing expenses to close out your accounts because you know and they say and then you know your two household income And now is reduced down to one income your spouse or your loved one may have to just move

Donald Marquez
0:20:43
Change their whole lifestyle because you know, we just don't want to talk about it. Now it's time to talk about it and you don't have to wait to the first of the year. You don't have to wait to the first of the year. You can contact me now at 702-236-2624. 702-236-2624. My location is on the 8th floor. I'm available. I'm here for you. I'm a licensed insurance agent in the state of Nevada and California 702-236-2624. I'd love to meet you and if you listen to the broadcast every Sunday morning, thank you so much.

Donald Marquez
0:21:31
I want to thank the listeners that came in and purchased home, auto, yes, and life insurance. Just keep this in mind. We all will have a final expense someday. Now I talked about a $35,000 whole life policy. That's if you have underlying health conditions. I do have other policies available. It starts at $100,000 and goes up as high as you can afford. So you know if you want to leave your family $10 million, hey let's write you a $10 million life insurance policy. No problem. But you do have to qualify for life insurance policy health wise.

Donald Marquez
0:22:04
I've written a policy up to 5 million was the largest life insurance policy I wrote. And it made a lot of sense. When the young couple came in and they're in their young 40s. They said we want to take out 5 million dollars in their young 40s. So we did the math. And it was amazing how they they they were just math people, you know

Donald Marquez
0:22:27
They just like took the calculator out and so okay what the policy is gonna cost over a certain years and this and oh You know and this they just had it down. I'm like I was very impressed They took out five million dollars and and that was over 20 years ago, by the way So now they're well in their 60s Well in their 60s and they have a five million dollar policy each on each other because they see the significant value of you know leaving that passing on that generational wealth. So they look at like

Donald Marquez
0:22:58
that it's a long-term investment for us but one of us going you know one one of us going to go now if they plan on having that one child they was planning on having another child and if they're not around the children will receive the money. Now if you do have a life insurance policy benefit that you just received, you know, there's other options with that benefit. It's a tax-free benefit, but you can put it in a trust and have it, the money paid out

Donald Marquez
0:23:25
over, over time. But we're talking about, you know, significant life insurance policies, the hundred thousand and up policies where the policies are included in the trust and, um, is paid out not at one lump sum, but it's paid maybe a lump sum then it's paid out over time I'm not an attorney. I don't set up trust. I don't do that, but you can't console an attorney I have a life insurance policy. It's five hundred thousand dollars. I want my family members my beneficiary to receive

Donald Marquez
0:23:54
You know benefits over a period of years Instead of getting all the money at once and the money is gone in less than a year. It happens all the time. It happens all the time. You get a significant amount of life insurance policy, people will just start buying, paying off bills and buy, buy, buy, buy, buy because you have the money and it goes quickly.

Donald Marquez
0:24:14
But there's ways to leave your estate intact. You would have to consult a financial attorney. How that works, it can happen. My name is Don Marquez this is your insurance connects to my contact phone number 702-236-2624 702-236-2624 located on the corner Sahara Rancho in the U.S. Bank Center located on the eighth floor I'm here to help you you know guide you step by step it's uh it's not that hard to do.

Donald Marquez
0:24:52
It's a mindset. It's a mindset to say, you know what? I'm going to take care of my family. I'm going to make sure that, you know, when that day comes and it comes for all of us, you know, I'm not leaving my family in debt. We can make it happen.

Donald Marquez
0:25:06
It's very easy. 702-236-2624. This is your insurance connection. I broadcast right here at KUNV 91.5, jazz and more every Sunday from 8am to 8.30. This is your insurance connection. We'll do this again next week.

Donald Marquez
0:25:26
Until then, just keep it crispy. Until then, just keep it crispy. Thank you for listening.

Transcribed with Cockatoo