YOUR INSURANCE CONNECTION

Wesley Knight 0:00
This is a Kun V studios original program. 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 and more the University of Nevada, Las Vegas, or the Board of Regents of the Nevada System of Higher Education.

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.

Good morning. My name is Donald Marquez. This is your insurance connection. Broadcasting right here. KU env, 91.5 Jasmine, more early Sunday morning, from 8am to 830 Welcome to my show. I'm a licensed insurance agent in 48 states in our beautiful nation, and I offer life insurance, and only in the state of California, life insurance because of the fires, but in Las Vegas, Nevada, I can offer you auto, home life, boat, motorcycle insurance and all the other 48 states in our beautiful nation, home, auto and yes, and life insurance. I love what I do. I'm a licensed insurance agent for for the last 29 years, right here in Vegas, I started in 1996 Yeah, 1996 and and I'm i Coming up on my 30 year anniversary pretty soon. But you know, I love, I love what I do as an insurance professional, because so many of you, you pay for insurance each and every month, and it's, you know, I ask simple questions like, how much which coverages Do you carry on your auto insurance? And most of you don't, don't even know what your coverages are, the bodily injury, the property damage, and what these coverages mean. It's important to me to lay out and simplify to my clients what what these coverages mean, and how they affect you if you're in a car accident, or if you, if you need to file a claim for a life insurance policy, if you, if you have a loved one that that needs life insurance, how the process works, even the break it down. When you have a life insurance policy and you lose a loved one, okay, you lose a loved one, and how the life insurance policy performs when it's taken to the to the funeral home, to the mortuary, what to do, what to expect? And that, and that's, that's one of the questions people, I find people are asking me more and more. We do cover everything I can cover, line by line. I love I love it when people ask me questions. You know, when you when you just sit back and across the desk for me, when we're when we're no matter what insurance I offer you, no matter what the coverages are, you know, people sometimes just don't they don't know what to ask for. They don't know what to say. And it blows me away, because, you know, you've been buying insurance for a long time, and you should know at the back of your hand, I think people will put more of a interest in car insurance than they do their life insurance. And what is more important is the car insurance. That more important because when I talk to people about their car insurance, they they know a lot more about the car insurance and a little, very little information. They do know about it. You know, pretty much. They say, I'm fully covered. I got it. They know that. But what type of life insurance policy do you have? Do you have term you have whole life? Do you have universal life? Do you have an index? What do you have? And some of you don't even know the name of the company you paying each month, or the premium you pay each month. Well, it comes out of my account. I don't look at it. I recommend this for everyone, and I do. I do this past practice every single day. When I wake up in the morning, I look at my accounts. I look at my checking account, my savings account, every day, I look at my credit card. Every day I do. I just that's a practice before I go to bed at night. You know, I look at my accounts to make sure that they noone is trying to take advantage of me. I do. I look at my checking and savings account every single day. You know, when I have my coffee in the morning I have my one cup of coffee. I'm looking at my account to make sure, you know, and I balance out, and I do okay, because I know if there's $1 missing, and I've had it happen where it was fraud on my account, my personal account, not my business account, my personal account. And I contact the bank right away, and it was a small amount, you know, something, some people was trying to take $29 a month for me, for for some kind of prescription that they say I signed up for. No, I did not, you know. And this is why it's important to look at your accounts every single day with all these different networks on television, and you can pick up all these different streaming lines and see that's where you I think that's what it gets you at. And you just, oh, okay, it comes out of my account, because TV now is a utility. Growing up, television was free. They, they, they, we watched the program. We saw the commercials. The commercials encouraged us to go, go shop or go patronize the people that you know. Okay, I need carpet this, this carpet company is always on TV, so you go buy your carpet from that company. Or if you need your car repaired, you went to that person because you saw it on television a lot, or if you needed to buy a car. And you, you know, of course, all day long, every day that we have car commercials. But you know, TV's different. Now they charge a fee for TV, you know, for television as a fee, and sometimes you can get caught up with these prescriptions that you get and thinking that you're paying for a television program where you know it could be fraud. So keep an eye on your on your checking account, your savings account, to make sure you know no one is taking advantage of you. My name is Don Marquez. If you're tuning in for the very first time, welcome to my show. I broadcast right here, k, U N, V 91.5, jazz and more every Sunday morning, from 8am to 830 my my topic is insurance. It's an educational program to help you with your insurance. As licensed insurance broker, many years in the business, I started with Allstate Insurance company back in the late 90s. I stayed there seven years. Then I joined triple A team, Team triple A. I was there long enough to stay long enough to retire in 2015 I decided to go on my own as a broker so I can offer policies with no restrictions being a captive agent, which was very good for me at the time, but I can only offer that company's products and services. Brokers will call me and say, hey, you know what I have? You know they will call me. They tell me that if you have a customer that you cannot write insurance for, for auto insurance or even homeowners insurance or life insurance. I can help that customer. We can network. We can network together. I said, Okay, no problem. When I found myself not being able to offer my client because they will for whatever reason, maybe they had too many claims for their home and auto or for their life insurance, they were denied because they had health underlying health issues, I would pick up the phone and call an insurance broker, and I found myself picking up the phone quite often, calling the insurance broker so they could place insurance with my for my clients. I say, I'm on the wrong end of insurance. I need to be a broker. And that's when I decided. I talked to my wife about it. I decided to be an insurance broker. She was okay with it. She said, long as I can go shopping,

I'm good with it. You know what you need to do to pay the bills around here. I said, Yeah, I know exactly what I needed to do, and I love it as an insurance broker, because now I have multiple companies that I work with, multiple companies for life insurance that I work with to find the right company to fit in your budget, regardless of your health. I want to thank the listeners that contacted me and they purchase home, auto, life insurance. Thank you so much. Thank you. You so much for your continued support. And I love what I do. It doesn't cost a fee to come see me, no obligation reviews to go over your home, your auto, your life insurance. And I love going over everything with you, because I find that no one is taking the time you know you're and I'm not knocking your current insurance agent or your current insurance company, but I was taught years ago, customer service is everything. Make sure you have a relationship with your customers. Make sure that you go over your the policy with the insured. There's many times I've talked to you and no one has you bought a life insurance policy, and no one talked to you know, no one delivered the policy and said, Okay, this is what you have. Or no one explained the policy to you up front where you fully understand. Because it's a lot of moving parts. Regardless of the type of policy it is, life insurance. If you purchase a life insurance policy online, no one goes over the policy with you. When you receive it, you just receive it in the mail. Oh, I got life insurance. And you don't know what you're looking at. Only thing you're looking at is really the price. What is it costing you a month? And all of a sudden, now you've had the policy for five years, and the rate changes, and you don't know why? Who do you pick up the phone and call to talk to? Who do you pick up the phone to talk to? Now here's another one too that concerns me with when you have a life insurance policy, this is why it's always good to get a review. I had a lady come in. She can't she heard me on the radio. She said, I need. Have a review. Sit down with you to have a review. I don't know what this policy is. It keeps going up, but I don't know what I have. She had a million dollars worth of life insurance. She was well in her 70s, but she was paying like hardly anything for it. It was travel accident. It was travel accident. Not only that, she had lost her husband, and her husband was a primary beneficiary on a travel accident life insurance policy for a million dollars. She said, Well, you know, this came in the mail, no, and I heard you on the radio talking about accidental life insurance. It doesn't cover for natural causes. When you pass up natural causes, it does not it's travel accident, it says what it pays for right in front of you. But you know, I know a lot of you, especially seniors, we need to do something. I'm a senior. Okay, I fit right in that boat with all of you people like, you know, you don't sound like a senior. I don't know what the senior supposed to sound like, but I am one. I got up this morning and I knew I was a senior when I woke up this morning, because, you know, no bones at the lock in place before you you just can't jump out of bed like your body has to line up then slowly get up, you know, and start your day. But you just can't just jump out of bed and go, you guys have got to sit there on the edge of the bed a little bit and let those bones, you know, real read, readjust from laying down, and then get up and start your day. Yeah, I'm a senior, so I understand seniors are being targeted all the time. Seniors are being targeted all the time, you know, and then they something comes in the mail from a reliable company, the name you trusted for many, many years, or or a bank that you trusted for many, many years, and they're offering you this travel accident only life insurance policy, or accidental only life insurance policy, the lady came in, we, you know, I think I'm so happy she came in, we got it all figured out, put her in a real life insurance policy. She said, I just want something to cover my burial, to cover my filing expenses, and you're telling me this doesn't cover my filing because I thought I was buying a policy that would pay the mortgage off, you know how so my my children, I could pass on their generational wealth that I hear so much about. I said, Well, no, this, this, this is unless you travel a lot. And she said, I don't go anywhere. I go. I go to church and back. That's it. I go to the grocery store. I don't do a lot of I'm, you know, those days are over for me. I lost my husband years ago, and we used to travel all the time. I don't need this policy. And that's I said to her this that is probably why, because you and your husband used to travel a lot, and they you was in a database, and they said, okay, they probably need to travel life insurance. This is not what she was. Her intent was to purchase a life insurance policy to take care of final expenses and doing so, she thought this large life insurance policy would also pay off the house. I told her, if she passed some natural causes. This policy doesn't pay for anything because it's travel, accidental only. She said, No, I don't need that. What I need is a real life insurance policy. We figured it all out. She bought a policy for me, and again, I don't charge a fee. Once you purchase a policy through me, through the agencies that I use, my companies that I use, they pay me a commission. I'll also been asked the question, is it less money without a to buy a policy without an agent? It's the same price. It's the same price agent as insurance agents, we don't charge you a fee to come in to see us. You know now I understand that some states there, is a broker fee now in California, I've talked to insurance brokers in California, and they do charge a fee to go in to talk to an agent. Here in the state of Nevada, I don't charge a fee. I don't know any agent charges a fee in the state of Nevada. So I want you to feel comfortable, and this is why I bring this up. I want you to feel comfortable coming in having a conversation about your insurance policies. There's no obligation, just a little bit of your time. I take about an hour hour and a half I want to and that doesn't cost you anything. Doesn't cost you anything. Hour hour and a half to go, you know, go over your current insurance policies, whether you purchase your policy for me or not. I go over your policies, line by line, and why is that important? The lady had her husband, and I've seen this before, she had her husband on the policy, and he had been deceased for over five years as the primary beneficiary. Now, some of you years ago, these policies where they had the husband and wife on the same policy. I don't particularly like those because, let's say the husband is a named insured. In other words, he was first on the life insurance policy, and now you're getting up in age. You're in your late 70s, but you bought these policies a long time ago and you're still paying on them. Now you. Husband, if he's the if he's the first person on the policy, in other words, he is what we call the named insured. He passes away. He passes first. Now the policy is over. The policy is over. We don't we don't practice that anymore. I since I've been in the business since the late 90s, I never offered my clients a policy where I put the husband and wife on one policy, because whoever the named insured is, that person passes first, and then the policy is over. The wife or the spouse that can you know that lives is no longer insured. And sometimes when that happens, that person has underlying health conditions, and they don't have the coverages they used to have. So this is a problem with some of the older policies that you may have you bought, you bought years and years ago. You may, you may be on there with your spouse together, but whoever passes first that could have the policy canceled out entirely and leaves the spouse, remaining spouse without insurance. My name is Don Marquez. For more information, you can contact me at 702-236-2624 702-236-2624,

now, when you go take a policy to the funeral home or the mortuary, whatever you want to call it that price is different from the cemetery. When you go into the to the mortuary, okay, I have a life insurance policy. They will take your life insurance policy. What the first thing they are going to do is contact the life insurance company to make sure the policy is not lapsed. That's number one, the thing they're going to do, they're going to the only person can take the policy in. Let me back up a little bit. The only person can take the policy in is a primary beneficiary. The primary beneficiary, that's the only person can can file a claim for the policy. Now, if the primary beneficiary, let's say they have Alzheimer's or dementia. You know, you need to get now a power of attorney if you have a loved one that has dementia or, you know, or Alzheimer's, and they are the primary on the life insurance policy. Now it's time to make a change for that person that has Alzheimer's or dementia, and he and their primary on your policy, for instance, husband and wife. You know, wife have husband on as a primary beneficiary, but he has Alzheimer's. You need to get another loved one on that policy as primary. That's very important, because this person really don't know what they're doing. You know, and family members should have a discussion. Look, Dad has Alzheimer's or dementia, you know. And you know, when that day comes for me, and he's my primary beneficiary, I want to make sure he knows what's going on, or we need someone in place to take care of this, because he can't. Now, you may need a power of attorney. I use Christine Bernard as a team member. She's a team member of your insurance connection. She helps me with my power of attorneys. She helped you with a power of attorney. She can also get a speeding ticket reduced down to a parking ticket, as long as you haven't made arrangements with the courts. I haven't been to court. If you have a speeding ticket, she can get it reduced down to a parking ticket. But her main function, you know, we work together, taking care of my life insurance customers with a power of attorney. Why would you need a power of attorney? Well, a lot of different reasons. Because, again, as an example, the person may have Alzheimer's, dementia, organic brain syndrome, als due Garrison disease, and they need a power of attorney over their policy. Or if, if you have to put one of your loved ones in a nursing home, you want to change ownership. So let's say, well, for instance, one of your loved ones, you know they have, let's say Dad has Alzheimer's dementia as an example, and he has to go in the nursing home. Now he has a dad has a life insurance policy. What we need to do is transfer of ownership of that policy, so the person that going into the nursing home, before they go to nursing home, we need to transfer ownership from that from that person being the owner of the policy to the person the power of attorney being the owner of the policy, because it's a good chance that that nursing home may take that policy as an asset. You don't want that to happen this. This is News You Can Use. My name is Don Marquez for more information. 70223626247021 4702236, 2624, some of my seniors tell me, Well, you know, I can't afford the policy anymore. I retired. I'm on the set income instead of, instead of canceling the life insurance policy, what you can do as an option is reduce the face amount of the life insurance. Insurance policy. For an example, if you have a $200,000 life insurance policy and you find it's just a little hard for you to make that payment, because, you know, everything has gone up now, instead of canceling the policy, don't cancel something else. You know, some of those television programs we talked about earlier, I reviewed my television programs and I reduced my television programs, and I say, I'm saving almost $50 a month. And I just called my company up, my provider up, and said, Listen, I don't need these certain channels. I don't I have channels that spoke a different language, that I like. I don't need those channels I don't speak that language. And they said, Okay, we can eliminate those channels. Or What channels do you watch? You let them know what channels you watch on a regular. Most of us only watch maybe five to seven channels on a regular. Have them eliminate all those at unnecessary channels. You know, I don't, I don't speak Spanish. You know, my name is, my name is last name is Marquez, but I don't speak Spanish. So I don't, I don't need these Spanish channels. And nothing wrong with the Spanish channels. If you speak Spanish, you can understand what they're saying. But I don't, I don't speak Spanish. So you know this is, this is money you can save. Call it, call your provider up. I don't need those channels. I'm just trying to help you find other ways to save money, other than get you know, want to wanting to cancel your life insurance, you can have the face amount reduced. You contact your insurance provider, say, I want a form to reduce the face amount. And you can ask the customer service person. You don't necessarily need your agent for this. You can call them direct and say, I want to reduce the face amount. How much is the premium, and I want my premium locked in for the life of the policy. If you have a term life insurance policy, and your term life insurance policy is going to expire, it is going to expire, you definitely need an insurance review. You make and convert that term life insurance over to universal life as long as you're not over 70 years young, it's many different ways I can help you again for more information. My name is Donald Marquez, or you can call me Doc Marquez, 70223626247022362624

change a beneficiary form, beneficiary change form, or however you want to say it. That's when you change your beneficiary, if you if you've lost your primary beneficiary, or if you gotten out of divorce. And now you want to change your beneficiary. You need a beneficiary change form. What you don't want to have is your beneficiary deceased, and you know your policy will go into probate, and there's no contingent beneficiary. Your contingent beneficiary should not be 50% and your primary beneficiary is 50% I've seen that people fill that out that is incorrect. Your primary beneficiaries, or primary beneficiaries should equal 100% your contingent beneficiary is in place, just in case, your primary beneficiary passes before the person, the named insured, passes. In other words, the primary beneficiary passes. The contingent beneficiary moves up automatically in the primary position without have to do any paperwork. It's easy to fill up, but I've seen many people come in with an insurance review, and they have the primary beneficiary, one person at 50% the contingent beneficiary at contingent 50% that's filled out incorrectly, some a lot of times, too. The insurance companies don't see this. They don't see it. This is why it's important to have an insurance review. Here's another one, loan request form. If you borrow money from your life insurance policy, find a way to pay it back. Now, if you have a large enough policy, if you have a large life insurance policy, then you probably, you know, don't mind paying it back, because the policy, when you and you do pass, they will pull the money out from the loan first. In other words, so if you borrow $25,000 on your life insurance policy, and you have a $500,000 life insurance policy, they'll they'll minus out the 25 that you borrow plus interest and the beneficiary receives the balance. Just keep that in mind. That's how it works. But if you have a smaller policy, and I've seen these policies like 25,000 people take out two or $3,000 on those policies, the interest accumulates and it doubles every seven years. It's called a rule of seven in most cases, because you're paying about eight to 9% interest on that money borrowed. Now it's your money you can borrow. You can do whatever you want with that money. That's your money. But just keep in mind, you're paying anywhere from seven to nine to maybe even 10% interest on the money borrowed. And as I said earlier, when you take a life insurance policy into the mortuaries, it is a separate payment from the. Cemetery. Now, whatever your policy pays at the mortuary, you need to go to to the cemetery to make arrangements for the plot or the Crip or however you're going to put your loved one. The rest this is important news. And the reason why I go over this because so many of you are at a loss, because it's not every day you bury somebody you know that comes around once every you know, every so many years, it happens to all of us. It happens to all of us, and it's it is bad enough you have to grieve, but it's even worse when you don't know what to do. You don't know what to do. You You just just lost. You don't even know what the policy is. I encourage all family members to have a sit down with your family members to go over. Okay, this is where the policy is located. This is the primary beneficiary it is important to and you know, no one, no one has went wishing bad luck on anyone. If you don't have a life insurance policy because you've been turned down. I offer policies with no health examination, just a few health questions, very easy to apply for. Most people qualify with health issues. I know you've been turned down because maybe you've had diabetes, the lupus, cancer, you have underlying health conditions. It could be over, you know, weight, it could be the weight. It could be because you're a smoker. Could be a lot of different reasons you've been turned down because you had a DUI. I mean, it's a lot of different reasons why you've been turned down. Or you have a felony. That's another one too, because if you have a felony, you could be president, but you can't get life insurance. I just said, I kind of threw that in there a little bit. I mean, really, though, but you can't I mean, there are some companies, because you have a felony, they will not offer you life insurance. Okay, figure that one out. I'm lead out along rates and benefits are locked in for the life of the policy people qualify even with health issues. My name is Don Marquez. Let's sit down and have a real conversation about your future. This is for your future. Life insurance is about your future, securing your future so your family will not go into debt to take care of your final expenses, your responsibility. 70223626247022362624

My name is Don Marquez. My Location is on the corner of Sahara Rancho in the US Bank Center, located on the eighth floor, is right across the street from the Palestinian Hotel and Casino, and you can't miss it. Beautiful, tile, brown building with us, bank at the top. I work by appointment. 702236, 702-236-2624 my business hours are Monday through Friday, from 10am to 5pm I used to work on Saturdays, but unfortunately, I don't have access to the building on the weekends anymore. 70223626247022362624

I would love to talk to you about your insurances. We'll do this again next week. You guys just keep it crispy. Thank you for listening.

SFX 28:08
You.