YOUR INSURANCE CONNECTION

Unknown Speaker 0:00
The following is a paid program sponsored by your insurance connection. Please be advised that the voices and opinions you hear do not necessarily represent the views of K, u and v Las Vegas, the University of Nevada, Las Vegas, or the Board of Regents of the Nevada System of Higher Education.

Unknown Speaker 0:21
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.

Unknown Speaker 0:42
Good morning. My name is Don Marquez, this is your insurance connection we broadcast right here K u and v 91.5. Jazz and more Sunday morning from eight o'clock to 830. And after my program is music and other talk shows and just keep it like right here at 91.5 Jazz and more on your insurance connection. We like to keep up with what's going on in the insurance industry. A lot of lot of moving parts in the insurance industry, people try to figure it all out all the time by trying to save money on this and that one and this product. I mean, it's sometimes it's not always about saving money. It is important to save money. I know that and you know that. But it's also important to be covered. Are you covered, are you fully covered. And you know, people come to me and they say you know I was with this other insurance carrier. And I was in a car accident come to find out I didn't have uninsured motorist come to find out I didn't have towing services, you know, that's not full coverage is it? You have to review your coverages. Now, a lot of these insurance companies are going electronically when they what that means is on your renewal, your policy will be will be sent to you electronically. When you receive it electronically is going to be on your email, maybe even on your phone, you do have to print the paperwork out we do that in the insurance industry to save your money. Now, I know some of you like it in the traditional way of receiving that large envelope in the mail. However, you know to save the trees and save money for the company. You know, check your emails, you may have signed up for E signatures, e docs, or what eat dogs are all your information will come by way of your phone, or your email your printed documentation or now you have access all the time until your policy. When your information is on the phone you have 100% full access to make any changes on your policy. For example, if you have a have you in a position when to purchase a new car because these cars cost a lot of money today. Or even a pre existing car. You can change cars with on your phone, which with the new apps they have today. You just go on your auto insurance app to make the change right there. You don't have to contact your agent. Hey, you know a lot of times we as insurance agents, we're extremely busy. I know it's part of our customer service that we offer in our offices, but we've made it quite easy. The insurance companies will made it quite easy for you to access your policy 24 hours a day seven days a week. For more information. My name is Dawn Marquez, this is your insurance connection. My contact phone number is 702-236-2624 702-236-2624 I want to thank the people that did contact me throughout the week after to you know purchase home auto and life insurance and you know to have that insurance review. Have the the insurance review to make sure that you are covered. If something comes up, you know you're you're taken care of. Now, on my staff, I have a team member Her name is Christine Barnard. She does wills power of attorneys. She's also a notary, she will come to you as a notary, on some of the life insurance policies that we offer. You know, sometimes the customers may have a family member with Alzheimer's dementia organic brain syndrome, and they need a power of attorney so they can speak for that person and behalf of the individual that they cannot speak for themselves. Now as appeal a power of attorney, you can speak in that person's behalf, sign documents and answer the questions we ask when you're applying for life insurance. These are products and services that we offer in my office. My office is located on the corner of Sahara and Rancho in the US bank center located on the eighth floor 702 to three 626 24 trying to provide services that other insurance agencies that don't again we have Christine Barnard she's a paralegal she's not an attorney. Also her being an parallelly a paralegal she can and get you a speeding ticket, if you have not already paid for it, get it reduced down to a parking ticket. Fortunately, in the state of Nevada, we can still do that if you get a speeding ticket and you haven't paid for it. I haven't made arrangements with the court to pay on a monthly. Before you do that, and you want to contact my office in the half Christine Barnard reveal your ticket. Hopefully, we can get it down to a speeding ticket. And she's pretty accurate when she does that. And I mean, 99.9% of the time, she can get it reduced down to a parking ticket 702-236-2624 702-236-2624. Again, and my office will provide services like insurance reviews, insurance reviews, what what is it an insurance review and insurance review? Is when you sit down with me bring in your insurance policies if you can, especially your life insurance, we cannot put up life insurance online. I had a lady come in, she said, Well, I have life insurance. But I thought you could pull it up online. No, I cannot pull it up online. That is very private. I don't have a copy of your if you purchase life insurance to me, I don't have a copy of your life insurance policy. There's no way they're gonna give me a copy. I don't want a copy of your life insurance. I don't want it just too much paperwork. But uh, you know, we can't we did? Well, we did. We contact the insurance company. And she remembered that what insurance carriers she had for life insurance, we call them up, we got all the information that was that was needed from the insurance company and brought her up to date with her life insurance policy, come to find out she has $17,000 in equity in that policy. In other words, her cash value was worth $17,000 She's uh, you know, that's the money I can use right now. But I explained to her, if you do take the money out, you should pay some of that money back all of it back because it will, it will accumulate an interest rate of about seven to 8% annually on money borrow from your life insurance policy. So just keep that in mind. When you do borrow money from a life insurance policy and you haven't paid it back in quite some time. It could double on you every seven years. That's called a rule of seven. I've seen it happen. Had a young lady come in very nice young lady. I mean, she was so nice and cheered me on the race here my broadcast on the radio just I just want to bring a policy and I know I borrowed money years ago Oh, it was almost 21 years ago when she borrowed $2,000.

Unknown Speaker 7:32
She borrowed $2,000, almost almost 21 years ago on her life insurance policy. It a double up to $16,000 You believe that? For the first seven years one to 4000 then and then the other seven years it was for that was 14 years, it went to 8000. And another seven years ever getting ready to hit $16,000 on almost $16,000 She owed to the life insurance company. So what we did was we contacted a life insurance company, right? She owed the money she had a little bit of money left in in her cash value asset she had about $4,000 left in our cash value asset. She didn't want to pay all that money back she saw I can't afford to pay that money back and now you know make it payments. I'll be making payments forever. So when we did we we surrendered the policy. When she surrendered the policy she received about after the surrender charges and everything. We're out about 30 $3,500 back in her pocket. The debt was forgiven. Now we wrote her brand new policy so she can start all over without any loans. payments. This is why it's so important to get a an insurance review. You can you could owe money don't know what to do. I can give you a simple instructions on what to do. No obligation 702-236-2620 470-223-6262 for the air the lady she thought she had to pay the money she was in after after we cleared the debt. And she had a she said you show that dad's gonna say yeah, the debts gone. You're gonna get about $3,500 She was Oh, thank you so much. I'm so glad I listened to the radio program was I heard you. Okay, you went beat 91.5. And I just had to come and bring my policy and just, you know, just to get some clarity what's going on? What do I need to do? Because I don't have almost $16,000 to pay this loan back. These things happen in life is no it was no fault of her. She She just wanted to borrow a couple $1,000 to take care of some of the obligations she had. But she had no idea that 8% And at that time when she borrowed the money, it was a lot more than a percent. Unfortunately, it was a lot more than 8% on the money borrowed against a life insurance policy. If this is happening to you, or your life insurance policy is going up in price every single month, or every year on its anniversary. You can't figure out why is this policy going up here? Every year is going up every year on its anniversary, and I got to pay more money, I'm getting a little older, I need a life insurance policy that will be fixed. I don't have to worry about the premium going up on me on the anniversary, it's fixed for the life of the policy. There's a whole life policy, that's the best policy, that's a favorable policy to have fixed rates, not all policies that I offer, offered the fixed rates. Now if you have a life insurance policy, with an adjustable rate, that means or your rate can adjust, how do you know you have an adjustable rate by having an insurance review, your life insurance policy can adjust as you get older, you know, in what happens is, when you get older, it costs more money to insure you, the insurance company has a built in adjustable clause for the premium. And now a lot of times, you know, they don't charge you that adjustable rate, because they will pull money from the cash value. Now term insurance has a fixed rate for the for the length of the term, the max term policy you can get is 30 years, that's it after 30 years the policy is over or it goes into the extended term will cost you a lot more money to pay for the extended term of the policy. But when you pay for it as extended term, you probably only going to pay maybe a year or two. And then you probably will surrender the policy because it is going to get very expensive. With your term insurance policy. Most of Term insurance policies do have a conversion period, when you can convert the policy from from term to Universal Life. Let me say that again. Most term insurance policies has a conversion period. Now that what I mean by conversion period, when you take out a put let's say you take out a 30 year term policy, for example, you have 15 to 20 years, or maybe even a length of the policy to roll it over to universal life there will be no physical, okay, there will be no physical, the rate will be based on your age. What what How old are you what's your current age? Now, if you cannot afford, let's say, for an example, the policy is $100,000 policy, and you cannot afford to pay the rate because now you're 20 years older, and you can't afford to pay the rate. So what you can do now with a conversion, you may can lower that down probably to $50,000 minimum, maybe even lower to 25,000. But you have to check with your insurance companies, all insurance companies a little different. If you don't understand this, it's not that complicated. I'm more than willing to help you no obligation. My contact phone number is 702-236-2624 702-236-2624 My name is Donald Marquez, I'm an insurance broker. I represent multiple life insurance companies. I've been in business since 1996. I would love to meet you 702236262 For my business location is on the corner of Sahara and Rancho in the US Bank building located on the eighth floor. I work by appointment. You know when people come in the first thing they do uh you know when they walk in my office, the first thing they say oh look at the view. From my vantage point, I can see that I 15 north and south and people are driving fast. I see car accidents, I see a lot of you know unavoidable accidents on the i 15. From my viewpoint. You slow down Do not text and drive please do not text and drive. Most car accidents today random collisions with that we find out about in the insurance business. It's a large percentage of accidents as a result of people driving and texting. It is not that important. We have to you have to communicate with you can call them on your phone because a lot of these cars have Bluetooth where you don't have to hold your phone up. Or you can just wait till you get to a safe location. And then text whoever you need to text is not that important. You're driving at 70 miles an hour and you texting you cover a lot of distance and you're not looking at the road. An accident can happen very easily people cut in front of you, there's an accident. Now all of a sudden your car insurance rates are going up your car is damaged. You may be injured the person that you hit may be injured they may have young children in the vehicle pets. You know it is a lot of moving parts in this business. Do not get caught up with texting and driving. Especially my younger listeners. Please don't do that. Please don't do that because a lot of people have been seriously injured because a person was driving on the roads not only here but all over the country. This is happening not only in Vegas, but really all over the country. People are texting and driving because I think it looks important. For whatever reason, I guess texting driving. I Got a Texas person back real quick that that important, you know, be safe drive drive would just like you would want somebody you know, you wouldn't want anybody to text and drive and hit you. Right? So don't you do it. My name is Don Marquez, this is your insurance connection we broadcast right here at Kaitlan v 91.5. Jazz and more. If you're just tuning in for the very first time, welcome to the show. I've been on the air now about a year and a half radio K, u and v 91.5. It's a pleasure. The customers have come in and talk to me about their concerns when it comes to their insurance. One of the one of the concerns they have about these electric cars, I get these questions about electric cars.

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Is a price going down when electric cars when we buy an electric car? I don't know yet. I haven't yet and insured an electric car, believe it or not, I have not insured an electric car yet. I mean, I'm waiting to get one to see what what it's going to look like, there's a lot less moving parts and electric car, you know, you just have a battery, there's, you know, that are the engine or you know, all that that goes with an engine, a radiator, and they're all the parts that goes with that. So I'm hoping that you know, the rates will go down as a result of electric vehicle, because basically you have a body, the interior of the vehicle and batteries. You know, I'm having the car go forward. So hopefully the crisis, the price of the vehicle will be reasonable. And also the the insurance will be reasonable on the electric cars. But I didn't I've have heard some concerns about the electric cars, some of them catch on fire. I hope that's not consistent with the rest of the electric cars. Maybe they're just a fluke incident. But I did hear about that. But will we have just wait and see? I think right. And about eight years from now, all the new vehicles that will be sold will be electric, we just have to wait and see and find out what the industry does. My name is Dawn Marquez 702-236-2624 is my contact phone numbers 702-236-2624. Another question I get is, I'm putting on my young driver on the first year in college, how much my rates gonna be? Well, you have to understand as a young individual Now, if you're young student carries at least a B average, we can give him the good student discount. Now on the trends on the you know, if they are carrying at least a B average, you know, and all the classes on the transcript, we can review their transcript, or they're in high school and they get to receive a car in high school, we're gonna look at their report card or transcript, whatever they call it. Now, I've been out of high school a long, long time, so I don't know what they call it, but I'm gonna say the their grades so we can review their grades and make sure they're carrying at least a B average. And to get a good student discount that would help lower your car insurance rate. If in fact, you have to lower that if you have to put that young driver on your car insurance. Now this is the way it works. If there are three drivers, and two vehicles, we can put the young student on as a part time driver, we say that, again, if they are three drivers in the household, and two vehicles, we can put the student on as a part time driver. But if the student goes out whether in high school or college doesn't matter, and purchase their own vehicle in their own name, and I've seen it happen, I don't know what these young people get their young money from, but they get it they purchase a brand new car or something pretty nice or nicer than what I'm driving. And the parents call me up well, my daughter, my son just purchased their own vehicle in their own name, really, and their own and these cars are 2030 $40,000. And these, these young people are getting these vehicles. And they want to know why the insurance rates are so high well, because now the car has to be put in their name. Now the insurance also has to be put in their name. They they finance I don't know how they pay for these things, but they do. But the insurance has to be in their name separate from now from mom and dad. Okay, maybe we can add mom or dad on the policy to keep the rate down but the child the child had owns that vehicle and is registered with the state of Nevada as that young driver being the owner of the vehicle and living in the same house. Oh, by the way, oh, you add that in there to living in the same house. So or maybe living in college, you know, in college living on the dorm. And now maybe we can add mom and dad on that individual auto insurance policy to keep the rate down a little bit but that person wouldn't be classified as a full time driver on the vehicle but like I said earlier, you know, in most cases, you know you have the young driver. They don't have a vehicle yet Add we can put them down as a part time driver 702-236-2624 My name is Donnell mark is the name of my agency is your insurance connection. I'm an I'm an insurance broker, I get you connected with the insurance companies, you pay the insurance companies direct I take no payments in my office. When when you come off as we set you up with the insurance companies, you pay them directly you have options paid directly through your checking account or paying in full for the bread for the year when you have car insurance. The you know the more favorable rates are paying for vary the six months or one full year when I write on auto insurance policy. I prefer writing one full year and the reason is because now your rate is locked in for 12 months. I was also going to ask what my rego up after my term is over one year or six months, I don't have any control over that. You know things can happen you you could get a ticket or you can be in a car accident or you could change vehicles you could move me there's a lot of moving parts with that. So I really don't know or the insurance companies will will take a rate increase. Here in Southern Nevada we pay some of the highest car insurance in the country we really do. All right at one time I believe we were the fifth highest in the nation for paying car insurance. I know most of most transplants that come here from another state that said all you know Vegas car insurance are probably gonna be lower. I don't know what they come up with that. I really don't. I've been in Vegas I've grew up in Las Vegas. I was born and raised here. In a car insurance rates are always been a little high. Every city has this little something. This is our little something is better than tornadoes better than earthquakes.

Unknown Speaker 21:46
You know so I can live with a car insurance rates going up a little bit but when it comes to tornadoes or hurricanes or or you know earthquakes I rather have the car insurance rates and the heat. You know we get that heat in the summertime and this is starting to warm up. It's starting to warm up in the valley you know you know what that means? It's gonna be hot pretty soon. And you know what is funny when it gets hot. Is more car accidents. In the summertime is more car accidents. I guess people are just rushing to get home get get out of the heat. But you know who wants to have a car accident and in you and outside in the heat. I've seen that a lot of times you know people have car accident because you're rushing to you're going too fast. You're following too close. And in the summertime here in Vegas and it's hot. It's very hot. Three Three in the evening. And all of a sudden now you have a car accident and you have to wait to the police officers show up and it's cooking out this hot and your car you can't turn it on to turn the AC on away for the police officers. I mean this take your time. That's my message today is take your time. Do not be in a hurry to get to your destination is going to be there when you get there and passing people cutting in front of them. That only creates accidents and we have accidents every single day but if you do have a car accident and your car needs to be towed if you have motor club or towing services on your auto insurance policy use it. Use it Do not let the police officer impound your vehicle and have them take it to the tow yard wherever that is I don't know where it is. But I hear they don't treat your cars very nicely. They damage your car when they take it to the impound wherever that is I don't know where it is. But they treat your car really bad you know. So what you can do is this. Use your toys or your motor club that you have called the motor club. Tell them you you're in a car accident, you're impeding traffic, they will come out where they're in and sometimes you know you can ask for a flatbed now if you have a low profile vehicle you need a flatbed. You need to tell them upfront whether you're in a car accident or not. Keep this in mind whether you're in a car accident or not. If you need to have your car towed in and you're using your road aside service and you have a low profile vehicle, had them sent out a flatbed sometimes you have to wait a little bit longer, a little longer for a flatbed but it's worth it because now they won't tear up your car with the low profile vehicles a Corvette you know cars I'm talking about your you know your high profile of sport luxury cars, they're low profile, but you want to you want to get a flatbed for that is no extra charge. Sometimes you have to wait just a little longer. Or if you're in a car accident you let them know you're impeding traffic. And sometimes a car or tow truck vehicle gets out a lot quicker now, you can tell a police officer at the scene of an accident if that's the case. You tell them I am using my motor club service to come out have my car towed to anywhere you want to tow to. You're gonna have a tow to your repair facility or at a dealership or even even your house. You can Have your car towed. My name is Dawn Marquez. This is your insurance connection. My contact number is 702-236-2624 702-236-2624 my location is on the corner of Sahara and Rancho in the US bank center located on the eighth floor I do work by appointment my business hours are Monday through Friday from 10am to 5pm. And I do work some Sunday some Saturdays excuse me, I will work few Saturdays out of the month but not all the time because I like to enjoy my days off to you know, the Final Four was a you know, this is Sunday so I don't know that we don't know we but this this show was pre broadcast. So final fours here. We got college basketball Monday and hopefully your favorite team wins. And you know it's exciting to watch these these college ball players and look like pros out there. semi pro basketball college basketball has gone a long way when I was in when I was in college at that you know the guys are pretty good back then. But today oh my goodness the kids a lot bigger too. They just seem like all I'm the same size seven foot you know the guard just seven foot the the forwards of seven foot as these kids are big today. But you know it's enjoyable to watch. You know, I hope it Coach K hopefully because this show is pre recorded hopefully hopefully, you know Coach K goes all the way and goes out on the bang. But if it didn't, you know congratulations to a luxurious or beautiful career coach a basketball you know got some really Hall of Famers out of the pros out of his coaching skills or you know I hated when they played UNLV back in the day and they beat UNLV the second time but you know what a career coach Kay had over the you know, and nothing but continued success. My name is Don Marquez, this is your insurance connection. My Location again is on the corner of Sahara Rancho and the US Bank building some of you have showed up without an appointment. Okay, some of you have showed up without an appointment you know, you can contact me at 702-236-2624 I will you know book you in because when I'm back there in my office with a client um they usually get about an hour hour and a half of my time no obligation now if you do decide to purchase a policy where there's home auto life insurance, boats or motorcycle insurance, the insurance companies pay me so you don't have to even if you purchase the policy you don't you don't have to pay me or you don't pay me for my services their insurance company will reimburse me for my time 702-236-2624 I get my phone number out a lot because sometimes people say you know I'm driving I can't get your number and or if you can't, you can always lock the phone number in you can text me I can text you back set you up with an appointment because I know some of you sometime may be at work and you can't call but you can text I can set you up with an appointment 702-236-2624 I know some of you have gone to my Facebook page from time to time I do look at my Facebook page but I'm so busy so you know it's better to contact me by way of phone number because sometimes I don't look at my Facebook page. I should but I don't but you know it's better to contact me by way of phone 702-236-2624 You know enjoy this beautiful day here in Las Vegas Nevada as the sun is shining and you know we had an in the springtime it's gonna be nice, get a little go outside, take a walk, get some fresh air you know go outside barbecue in the evening this nice Vegas. This is the best time of the year for me the spring in the fall and in the summertime that's a little different. We'll do this again next week from eight o'clock to 830 You guys just keep it crispy. Thank you for listening.

Unknown Speaker 29:30
You have been listening to a paid program sponsored by your insurance connection. Please be advised that the voices and opinions you heard do not necessarily represent the views of K u and v Las Vegas, the University of Nevada Las Vegas or the Board of Regents of the Nevada System of Higher Education

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