YOUR INSURANCE CONNECTION

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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.

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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.

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Good morning. This is Dan Marquez with your insurance connection. Happy Sunday morning, eight o'clock to 830. We broadcast right here at KU envy 91.5 Jazz and more. I'm an insurance broker. And my show is your insurance connection been broadcasting right here for about almost two years at K u and v 91.5. Jazz and more. And I want to thank the people, the listeners that contacted me and came in and purchase home auto Yes. And life insurance. You know, as we're getting close to the holidays, well, I say December is a holiday the whole month is a holiday I really because people are shopping them, you know the Christmas spirit. Right after Christmas. Of course, we have the New Year's coming in with the new years and a lot of a lot of celebrations there. But you know, I know people that hear this broadcast and they say to themselves, you know what, I'm gonna contact Donnell the first of the year, you don't have to wait to the first of the year, you can contact me now for your insurance concerns I can book you in for the first of the year 7022362624702362624. And I know it may be on your mind as I call them the first of the year. But yeah, you can you can, you know, you can dial me now. And that way, we have an appointment for the first of the year. And I'll call you today before your appointment. And my location was on the corner, Sahara Rancho and a US Bank Center, located on the eighth floor 26 years in the insurance business. What did the time go? I mean, it just only seemed like yesterday when I pass the state exams, but here I am now 26 years in the business. I absolutely love my career. I'm an insurance broker. I do the shopping for you. I represent companies, well known companies for home owners insurance, auto insurance, and yes, life insurance, broadcasting radio K, u and v 91.5. Jazz and more, listen to all our talk shows, right here K, u and v. And our music, you know, music is second to none. And I love our jazz, you know, we're the only jazz station in Southern Nevada, enjoy the music, I keep it tuned and locked in at K u and v 91. point point five jazz and more. Because I do enjoy the relaxation of the music. And I do listen to to the other talk shows as well. And I do appreciate you tuning in on my talk show. I had a gentleman come in last week and he was concerned about his life insurance policy, we went over everything line by line, his policy was going up on him, you know on him, and he didn't know why you're the broadcast. And he's and his policies going up when a situation like that when your policy is going up. And you've been paying on a premium for such a long time. And all of a sudden now to adjust on you. This is why you need an insurance review. When the policy adjusts on us because of your age, you're getting older, it costs more money to fund the life insurance policy. Now there are ways to, you know, keep it offset a little bit what they do what the insurance company do, if you have an adjustable life insurance policy, we're talking about a universal life, or even a whole life policy at this point, your policy will go up on your every anniversary every year, it'll go up on you. And what they'll do that rerun an illustration because now you can't afford the increase in premium. Because you get an older, what they will do is take the money from the cash value. Now if you borrow money against the cash value, you know the money they pull to offset the money that you have to pay for the policy. Let's take for an example. If your policy is $50 a month, right? You're paying $50 a month on your universal life insurance policy. But obviously now you had at age 65. And now your policy goes from $50 a month, let's say to $100 a month. Now, you call the insurance company, the life insurance company say Hey, I can't afford $100 a month. But I'd rather be at the $50 a month what happened and they tell you it's the cost to insure you because you're aging. It costs more money to insure you. How do we fix it? How do we get back to the $50 a month? They're rerunning an illustration, and you want to take a look at the new illustration. It's your road map to tell you exactly where you go. going to be how much you going to pay at what certain age, what the what they can do. Instead of you paying nine the target premium, the premium you need to pay as $100 a month, they'll take that offset $50 a month from your cash value from your cash build up to make up for the loss of premium that you're not paying. Now you back to $50 a month, they need to rework a new illustration to see exactly where you're going to be to age 100. For more information, my name is Don Marquez, this is your insurance connection 702-236-2624 702-236-2624 located on the corner of Sahara Rancho, across the street, from the palace station in the US Bank Center. Located on the eighth floor, I work by appointment again 702 to three 626 24 an insurance broker here served in Southern Nevada for the last 26 years. This is my hometown, born and raised here and I loved it. I love our beautiful city all the growth. I remember we only had seven high schools when I was going to school here in Vegas, we're looking at us now. We're a real city with a football team basketball team. And we're moving forward, we got a hockey team. And I hear in the future we're going to have a basketball team and a baseball team professional, you know, Major League Baseball team and major league basketball team. So I'm looking forward to for the growth loans, we

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have water lake me, that's the biggest concern. You know, I go out to Lake Mead quite often,

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it's a little scary when you first see it, but it's still a lot of water. But we need a little bit more in there to get it back where it needs to be. But you know, getting back to what we talking about as an insurance and life insurance policy can adjust on you. That's called an adjustable, flexible policy. Now, when you purchase a life insurance policy, you may not know this information right away. But as you age, you know, 10 years into the policy 15 years into the policy, you will see the life insurance policy adjust. Now when I offer a life insurance policy, I don't like the adjustable life insurance policies. I don't offer those to my clients because I know we all live on a fixed budget. I live on a fixed budget. You know, even millionaires live on a fixed budget. You know, they can only fly the Learjet so many times a month, I can't tell no. But it's you know, everybody lives on a budget regardless of your income, you can only spend so much that way you won't be in debt, or you know, you have to borrow money to make up the money to continue to lifestyle month for month. So when it comes to your policy adjusting again, I do not offer those policies. I've seen a lot of policies come across my desk, when people have purchased these policies, not knowing when they purchased the policy initially, that is going to be an adjustable policy. When I like when I offer to my clients, what I like to do is offer you a fixed rate, life insurance policy, whether it's a universal life, or as a whole life, there is a difference in the two types of policies. The universal life insurance policy is a larger life insurance policy, usually Universal Life starts at $50,000 on up into the millions, if you can afford it, is as much as you can afford. Now your whole life policies are smaller policy for final expense to take care of for that final expense. If you need a policy to get you buried, and with some money left over to take care of the very expensive funeral that we all going to have one day someone has to pay for it. Now why not getting a life insurance policy? You know, Christmas time is here is coming up. Now would you rather get that ugly sweater, or whether you rather be a beneficiary of a 50,000 or $100,000 life insurance policy, you know, you could take out a life insurance policy, tell your loved one I made you to benefit the primary beneficiary of my life insurance policy is worth $100,000, you are the primary beneficiary of my policy married Merry Christmas. I mean, think about it, you can get a sweater. Or you can get something that you really don't want some cologne, you don't wear a perfume, you know where, or you could be a primary beneficiary on a policy. When that person passes away, and we all pass away. You got to receive $100,000. Now, to me, that's a gift of love. That's my brother take that $100,000 Oh, I'm the beneficiary. And if a person tells you, they have the benefit, you're the beneficiary on their policy, don't try to talk them out of it. I've seen when people you know, they go out and get a life insurance policy. And as a mom, dad, why don't you do that? You know, I will I made you to beneficiary, I don't want you to worry about anything. You know, when I'm gone. I want to make sure you're not in debt. You know, you have your own bills. And sometimes the children will talk the parents out of a life insurance policy. I can't believe it. And now when that person passes away, and I've seen this happen many many times in my career. They'll call me say my dad was insured with you for your car insurance. Does he have life insurance? Well, if you talk to your dad out of the life insurance policy He No, he does not have a policy. This has happened quite often here. I don't know why people do that, I really don't understand the philosophy. They're gonna make you the primary beneficiary. But I guess it's more of a, you know, maybe wishing bad luck on a person. I don't know. I don't know what that is, I don't know where that comes from. Because when a person passes away, and you didn't talk them out of this policy is a lot of expenses go with a person's death, you have the funeral to pay for it, which average cost today is about $20,000. Now, if you have veteran, you can get buried at the Boulder City Cemetery, if you plan on staying in Vegas, for your burial, and that's gonna save you at least $7,000 on a burial. Now your funeral costs are rad about $30,000. Now that you have a repairs, how much is that is it that's food entertaining, people having drinks for them, gathering at a location, they'll just you know, just as you know, condoling the family, family condolences from that now you you have maybe power bills come in a mortgage comes in the rent comes in the car payment comes in the car insurance payment comes in. But you've taught your parents out of a life insurance policy, you're going to be responsible for these bills now. Because now you have to make some drastic changes some some really quick decisions, when you have a loved one. And they have a home. For an example, I've seen this happen quite often too, as well. They have a home, but they don't have anyone on the house other than themselves. Maybe because they lost a spouse. But you know, when they lost their spouse, they didn't you know, think about what you know, I need to put my children on my home, for right of survivor or in lieu of death. That way, when I pass and you will pass one day, we all will, that home will be transferred to your person that you put on the hormones, the home deed, and Lulu death or right of survivorship. We have a team member on our team at your insurance connection. Her name is Christine Barnard as a team member, she will help you through the process of putting a loved one on your deed, when so when you do pass away, you know that home is not going into probate, it is transferred to your loved one. Now, if you did your homework and you you have a will or a trust, a trust is better than a wheel. Because you know, all wheels can be a challenge or a bug in the home still may go into probate. But it's good to have something better than nothing. But in many of you out there, and you lost your spouse and no one else is on the deed but yourself. You know, you could you know risk when you pass away, that home goes to the state. It goes on to probate for seven years or more, I don't know or less. And now if your family members can't afford to purchase the home throughout a probate court, you know, it's gonna cost a lot of money, they may lose the home, they may lose the home. So think about it any if someone's living in a home and the primary dies, and they put no one on the home. You know, that's a lot of moving parts that you can avoid. Simply by listening to this program, you can contact me at 702-236-2624 702-236-2624 I'll get you in touch with Christine Barnard. And also if you get a speeding ticket, she can get reduced down to a parking ticket and she can help you with the will and to trust in any illegal concerns. She is a paralegal. She's a team member at your insurance connection. Again, my name is Christine Banagher My name is Dawn Marquez this is your insurance connection if you're just tuning in for the very first time welcome to the show or your current listener you know Welcome to the show and we're talking about life insurance as we do on this program because it's very important we you know, we buy car insurance, we go out and purchase a car no problem we know we have to have car insurance. Now if you're looking for a car to purchase for a Christmas gift, what you may want to do first is find out what the insurance is going to cost. Now you know I know people are going out and brown and buying electric vehicles This is really newsman insurance business with the electric cars we added them on to the policy but you want to know if you purchase an electric vehicle or you know a gas vehicle what the insurance will cost you before you purchase the vehicle. That way you know you know exactly what your budget is going to be. But if you just live in you know I'm retired I got some extra money I want to get that now I want to get that Cadillac CTS are that Mercedes Benz or that Range Rover? You know you may want to think about it if you don't have any life insurance. You know do you really need that very expensive car I know you worked all your life and you now you retire but you don't have life insurance. You can find a lesser car something that's you know, stress, yes, transportation. You don't drive that much anyway, you can find something that's affordable. And if you can afford to for example, if you can afford to pay $700 a month for a car or even $1,000 a month Are these vehicles, you know, find some for half the price. And if you can afford it, put that money toward a life insurance policy, your family is going to need that life insurance policy. And if you currently do have a life insurance policy, let's have a life insurance review, you've been paying on your policy for quite some time. You know, or if you've borrowed money against your life insurance policy, we definitely need to have a life insurance review, no obligations reviews, I don't charge you any money to come in my office, located on the corner, Sahara Rancho and the US fake Center working by appointment at 702-236-2624. Less than I don't look at your policy, I need you to bring your policy in, or some paperwork, showing that your policy number, the name and accompany that if we need to, we'll contact the insurance company to find out exactly where you are. If you borrow money against the policy, and you haven't paid any money on the money borrow, it can go up it can double in seven years, is called a rule of seven. I've said this before on my show. And I've seen a lot of you come in on debt, the money has doubled in a short period of time. And

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you wondering why why did it take that much money out, I only took out $5,000. And now I'm on a lot more. Because you're paying about a seven to eight or even a 9% interest rate on the money borrowed. Life insurance does have, you know, money you can loan against, you can borrow against you can is there. But it's also there to pay it back. But if you don't pay it back, that's a foreign example. If you don't pay the money back, it'll it'll double every seven years on average, it will double every seven years. And you check it out $100,000 life insurance policy, you've taken out $5,000. And you let's say you have another 21 years to live. So that 5007 years goes goes now to 10,000. And another seven years and now it's 14 years and a deposit of 10,000 now is 20,000. So you know you now your death benefit and you pass away, you now you owe $20,000 on this $100,000 life insurance policy on a $5,000 loan, because it doubles every seven years. Now your beneficiary is only going to receive $80,000 on $100,000 life insurance policy. Or here's another one on a whole life policy up to let's say up to $35,000 in coverage. Now, the smaller policies, when you borrow money against the smaller policies, they absorb that money right away, because if you don't pay him back, you know, you will have a $10,000 policy and I've seen this happen on a $10,000 policy, they take out a $2,000 loan against $110,000 policy, when that person passes away, all of a sudden, now they owe $6,000. On a $2,000 loan, you have beneficiaries on the gun and receive only going to receive $4,000. Let's have an insurance review. Let's sit down and talk about it. Don't let this Don't do this to your family members. They're dependent on that life insurance policy to pay for your final expenses. And those that don't care because I'm not here anymore, you should care. Because what you're doing, you're setting your family up to put them in debt or even bankruptcy. You don't want to do that. Now, do you? I mean, you don't say you don't care because you have to care. Because someone has to pay for this final expense that you're going to have. Now husband and wife like to be buried side by side in most cases, if they're still together. But you know, that plan costs a lot of money is that's 20,000. I mean, that's good. That could be $7,000 for a plot, and a headstone that's $14,000 for a plot. And that's a lot of money. Or if you want to save money, you can stack your loved ones on top of each other. You know, you have to pay for the opening the closing, there's, you know, the funeral homes, you know, you don't have to take my word for it, call a funeral home, ask them what the average funeral costs at it. Now they won't they don't try to send a representative out to sell you a pre need policy, which has no cash value. It's just a burial policy. That's all it is. And you have to pay for it before you pass away or within that premium policy. You'll have a life insurance policy within it just in case you pass away before you pay it off. So if you've got to pay for life insurance for PrEP into in a pre neat, why not get your own individual life insurance policy. Now bauern Money is okay against a life insurance policy. If you have a plan to pay it back. Look at it like this. You borrow money against this, but he also you want to pay yourself back. You know you have to be a little frugal when it comes to borrow money against a life insurance policy. Because you want to make sure you can pay it back. You can pay it back although you're paying a premium every single month. No amount of that money is going toward your loan. Your loan is separate. That's a separate payment. And if you do have a loan against a life insurance policy you want to count saqi Life Insurance Company and pay something toward that loan every single month is going to be a separate payment. They will make arrangements for you 702-236-2624. My name is Donald Marquez, this is your insurance connection. If you have family member members with Alzheimer's disease, dementia, organic brain syndrome or ALS, Lou Gehrig's disease, you know, they need life insurance, if they don't have any life insurance, I can give them a life insurance policy, even if you have members of your family of your household as alcohol, or drug abuse. Now, complications of diabetes. If you have family members with diabetes, no matter where they are on insulin or the pill, we can get them a life insurance policy. I know a lot of you out there with diabetics or if you have lupus, you've been turned down for life insurance. Don't give up i can get find a policy for you. You know, I have a policy for you. Let me say this, I have a policy for you. There's only 11 health questions to ask there yes or no answers. Only 11 questions, there is no physical. Most people qualify even with health insurance issues. One page application, most people will qualify even with issues don't give up because your family is going to need this final expense to take care of your you know, a very expensive funeral. Okay, some people say, Well, you know, I've saved money over the years, I've saved money. And I've heard this too, on my 26 years in this business. Well, I you know, I have Monday on Monday, my savings account your day, you know, my children need to bury me, they can just go to my savings or checking account, and the money's there, which is fine, which is fine. But if they're not on a checking account, or they're not on your savings account, they don't have access to that man, they don't. Here's another one. You know, if you're the only one living in and you have a mortgage, you know, and you're the only one living you've usually you know, your survivor spouse has passed away, you need to let the mortgage company know that you're, wherever you put on right a survivor on your, on your deed to your home. Also, contact your mortgage company, and they are the person of contact, you can designate a personal contact with your mortgage who was well, because that's very important, all of a sudden, you know, you pass away, they need to contact your mortgage company to to make arrangements as far as you know, deducted money directly out of your account. And they don't tell you I can't talk to you. I have to talk to that individual. Well, that individual passed away their dad will you know, what are we gonna do? Well, we can't talk to you because you're not on the when you're not listed as an individual we could talk to you these are this is News You Can Use My name is Don Marquez, I hope this is very helpful, helpful for you. And the reason why I bring this subject is different these different subjects up, because I see it happening all the time, expressing what I've seen us expressing what I've seen as we get older, you know, we you know, the vigor to do things we need to taking care of business, we do business in front of them to relax and, and join our retirement. But these small steps you could take to you know, make your family secure. When that day comes. Because you don't you know, it's difficult for them degree, it really is angry lasts a long time I know about all about that. It lasts a long time. But when you don't give them time to grieve, what all is the responsibility, you know, and don't say you don't care, you should care if you don't care. You know, think about it, because you're putting them in a very difficult position. First of all that you know, you don't give them time to grieve. They want to grieve your loss that you're passing, but that they have to go right into business mode, they got it, I got to take care of his business, you know, you have to move the furniture out of the home, you have to get the house ready to sell or to rent out. Or if they're renting an apartment, you have to talk to the apartment people have at the apartment, you may owe a couple of months rent. I mean, the list goes on and on. You have to move that furniture out of their house. You know all that costs money. All of it costs money. A life insurance policy will help with those final expenses. expecially if not really, really good at saving money. Look at a life insurance policy as a way to save money. I do. That's what I it's my bank. It's my savings account. You bind money for a low cost. There is no way on earth. You can pass you could you could take out a $300,000 life insurance policy. Pay a little money toward it every month. And when you pass away your loved ones get that three and $1,000 There's no way you're buying money at a low cost. Go to the bank and say I want to borrow $300,000 And you know why? Okay, why do you need 300,000 And it's interest on top of that money you borrow. So but a life insurance policy is totally different. You check out a life insurance policy is like money in the bank, for your loved ones when that time comes. And it comes for all of us. You It comes from all of us.

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I've seen families devastated. absolutely devastated. Especially young families, because they don't, they don't prepare for anything happening. Or, you know, we're married when I'm net 30s or two children. No, we don't have any life insurance and all of a sudden, now you want to, you know, you lose a loved one. Or if the wife was home taking care of the younger children, the husband passed away, maybe he was working on construction, or he was killed in a car accident. Who's gonna take care of those young kids and the wife not a wife? Oh, my God, we, I don't I don't work I take care of the children. What am I doing now? Now you at at an advantage because you know, when you're young, you can take out a lot of a lot of life insurance for low cost. Yes, you can, you can take out a million dollar policy and you'd be surprised how low you would pay for it at a young age 702-236-2624 702 to 362624 My name is Don Marquez, I'm an insurance broker, I can do the shopping for you. I represent multiple life insurance companies home auto, I can find the policies that fit in your budget. If we can not tell you to stay where you are, you know, right, now's not a good time, maybe you need to stay with your company for another six months. Or if you have tickets or accidents, you know, you want to get that clear off your record for at least five years. Before you start shopping. For auto insurance. Auto insurance has a lot of moving parts too, as well, I know we pay a lot of money in Southern Nevada for auto insurance. You know, there's a lot of reasons for that the zip code you live in. And if you're near Nellis Air Force Base, I know you're paying a lot, you know I'm we can do we can look at that for you, you went look at your policy for you, you know, and see what we could do. But I know you've been spending a lot of money I'd be living in Boulder City or your zip code is 89074. You know, you know those are favorable rates in those locations. Or if you listen to this program, and you live in Perabo, you're thinking about relocating the prompt, the rates are very low for auto insurance and puram. Or if you just moved to Vegas, you know, and you might be getting insurance shock right now, because you didn't realize the cost of car insurance is a lot higher when you came from, let me do the shopping for you do not put your personal business online, that you know, everybody sees it. And when you put your fat, when you put your personal business online, you're gonna receive a lot of phone calls. Because now you did it to yourself, and you're going to receive a lot of calls for months, they're gonna call you for a long time. Well, you know why you keep calling me I already got insurance. Well, you know, you put your business out there. That's why they keep calling you. I don't share your information with anyone, any companies, I don't sell your information, everything you pay, everything is secure. I have secure websites, you pay the insurance companies directly, no matter what the product is, home, auto life insurance, boats, or motorcycle insurance, you pay the company's direct, I do not charge a fee for broker's fee. When you come in my office, the insurance company reimburses me by way of paying me a commission once you purchase the policy. So there's no fee to pay to me up front. Now I don't think because you have an insurance agent that you know is going to be more money with an insurance agent. You know, you need a go to person, it's not going to be more money because it whether you say they have an agent or not. The rates are the rates with or without an agent. If you go online, you know, you call customer service. They're there just to take your order. They're there. Okay. What coverages are you want? And I'll give you advice. What's your address? They don't tell you to hence what you can do to save money. You know, my wife has her own auto insurance policy. I have my own separate auto insurance policy. They don't give you advice. Let's put these policies together to save you money. They don't. They just ought to take us. I'm on a professional life insurance, auto insurance, homeowners insurance agent. Let me help you. If something happens, if you're in a car accident, or something happens, or you need to file a claim, I want to be your first contact. Not only do I write the policy for you, I want to be there I will be there for you when something comes up 702-236-2624 My name is Don Marquez, this is your insurance connection. I want everyone you know enjoy your holidays stop texting and driving. This is why our insurance rates are so high on auto insurance policies. People are texting and driving and have a rear end collisions all all the time in our city. Do not text and drive put the phone down until you get to your destination. We'll do this again next week. Come on Raiders has won a football game today. That's it next week. Just keep it crispy. Thank you for listening.

Unknown Speaker 29:46
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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