YOUR INSURANCE CONNECTION

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You're listening to locally produced programming created in KU NBC Studios on public radio K, u and v. 91.5.

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The following is a paid program sponsored by your insurance connection. The content of this program does not reflect the views or opinions of 91.5 Jazz and more 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, Donnell 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. Good morning. My name is Dan Marquez. Welcome to another edition of your insurance connection broadcasting right here at K u and v 91.5. Jazz and more. Sit back, relax and check out the show. I'm I'm an insurance broker i Come on every Sunday morning from 8am to 830. And I've had the privilege of being here right on this station for the last two and a half years. Thank you so much for the listeners that support the station and also support that K u and v. We lost that giant John Nason and he will be remembered at K u and v and throughout the Las Vegas Valley for many, many decades to come. May his soul rest in paradise, John Nash, and I would talk to John from time to time he would tell stories. He's a storyteller. And I love storytellers because I'm also a storyteller as well. But you know, I saw John Nash in the studio walking around and with his cane and you know, having a good conversation with everybody a really good personality. And again, he will be missed right here. Okay, you envy and throughout the Vegas valley and all the people he touched. My name is Don Marquez, this is your insurance connection. And today, we're gonna get right into it, I had to pull up some statistics about smokers, about smokers. Now, you could be listening this program right now, early in the morning having your cigarette. However, I don't get that many cigarette customers calling me the people who smoke cigarettes. I really don't get that many smokers I should say, and a better word. I do not get that many smokers contacted me for life insurance. But I just want to let you know in the United States, cigarettes kill 480,000 people per year in the United States, globally, worldwide. Cigarettes killed 8 million people per year. Just want to put that out there. Now you say smoking cigarettes is my only advice I have. But when you talking about in the United States alone, just keep it home. Okay. 480,000 people divide that by 365 days in a year, that's going to be an average about 1315 people per day, die from smoking cigarettes. I'm gonna say it again. 1315 people died daily for smoking cigarettes. It affects everything that you do your lungs, your you know, I mean, cancer. It's related. It should be illegal, really. And I know people have been smoking a long time. And, you know, I've been saying that, you know, I hate to store as I've been smoking since I was 16. But if I get life insurance, it may be too expensive for me because I'm a smoker. You know, the sooner you get a life insurance policy, whether you're a smoker or not, the better something is better than nothing. But if you could spend money on cigarettes, and you know, I went to a store a convenience store. And so cigarettes are about $8 a pack. I'm like, wow. If you you know, $8 a foreign one pack of cigarettes, people buy a pack? Well, you know, if you're buying a pack a day, times 30, that's $240 a month just on cigarettes times that by 12. That's about, you know, over the year, you spend close to $3,000 a year to smoke cigarettes. Now, you times that by let's say 10 years, you know, that's a little almost $30,000 that you spend on smoking cigarettes. A life insurance policy doesn't cost that much. Now, if you reduce, you know you and take a cigarettes, let's say a half a pack a day instead of a full pack a day. You can easily afford, you know, a life insurance policy. It's not that difficult. If you are a smoker, and you're listening to this program. Now it's time to act if you don't have a life insurance policy. What are you doing? What are you waiting on every time you take a puff of that cigarette? You're causing damage to your body? Now I know people will tell me this is the only vice that I have. I don't drink I don't gamble. I don't do this. Don't do that. What if you do it all? What have you drink, you gamble and smoke.

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And you don't have a life insurance policy. You know, hey, don't neglect the things you enjoy doing in life. I'm not saying that. But if you reduce it some of the things you do in life just causing damage and harm to your body. If you reduce it, you can afford a life insurance policy because the pushback that I received as an insurance professional, I can't afford life insurance, because I'm a smoker, or the rate may be too expensive. Because I am a smoker, stop making excuses for yourself, it's time to get a life insurance policy, my contact phone number is 702-236-2624 702-236-2624. Whether you are a smoker or not, you know it costs the same to bury you, as anyone else. They know it costs just as much to bury as a smoker than a nonsmoker. That doesn't really matter when it comes time for your family members to go to the funeral home and pay for this very expensive funeral that they have to pay for. And also, as a smoker, you know, you cut down about 10 years of your life. So if you're thinking about quitting smoking, and you are currently a smoker, and if you do have a life insurance policy, as a smoker, and you've stopped smoking for 12 months, you can contact your life insurance company if you currently have a life insurance policy. And if you're initially rated as a smoker, you can say I've been tobacco free for the last 12 months. And I wanted to get a non smokers rate. That's possible. Even if you take out a new life insurance policy as a smoker, but your plan is to stop smoking not quit. Because people quit and they restart, you know, that happens over and over again. Or you know, one thing happens in your life and you get all nervous and I got to have a cigarette to calm my nerves down. If you take out a life insurance policy now, right, and then, and later on maybe a couple years from now you stop smoking completely for 12 full months, we can reevaluate you as a nonsmoker, there's gonna be a saliva test. Right? It'll be a simple saliva test to make sure there's no nicotine and tobacco in your system. Now, then you could be rerated as a not as a nonsmoker, your rate could go down. My name is Don Marquez, we can make this happen for you at 702-236-2624. I am a licensed insurance agent right here in the state of Nevada. I love to meet you. And I want to thank the listeners that came in and purchase home auto and life insurance. I really made some I made some very nice people do K u and v 91.5. Jazz and more as an insurance agent for the last Oh my since 1996. You know, I've helped a lot of people to make the decision to purchase life insurance. The key factor in purchasing any insurance when it comes to purchasing life insurance. There are different there's different varieties of insurance, we have universal life whole life and term is your budget. Your budget, the rates are based on your age and your health and the medicines you take. We can make it happen. It's simple. It's not that difficult. Something is better than nothing. With the rising cost of funerals going up every six months. Yes, every six months, the price the price of funerals go up. You know, Woodland cemetery, if you've been around a Vegas quite some time as long as I have okay, I was born and raised here. Woodland cemetery is one of the oldest cemeteries in Las Vegas, Nevada is located right on Main Street, Main Street in Orleans, right right near Rancho High School. It is filled to capacity, you cannot buy any more new plot, you can not buy any new plots. In woodland cemetery, they're full to capacity. So I got to build a new cemetery pretty soon. You know, the Vegas has grown, the population is growing. However, you know, the real estate is going up every single six every six months. I keep up with the prices. And I don't represent any funeral homes. But I do have prices from funeral homes in my office. So Pete one of my clients come in they can see exactly what a funeral costs. Because it really, you know, we don't know unless you know we have a price unless we lose a loved one. This is how we found out the cost of funerals. And if you not prepared to go into the funeral home, oh my goodness, it's going to be a financial shock to you. You're going to be financially devastated. Sometimes it doesn't give you time to grieve for your loved one if you lost your mother or your dad. And they didn't get a life insurance policy because every time you brought up the conversation, mom or dad didn't want to talk about it. No, no, I don't want to talk about that right now why you want to bring this conversation up because you may be the one to have to pay for their final expenses, their service, you may be the one and you know if you get pushback from your family members is the reason why because maybe they are smokers and You know, they rather smoke their cigarettes and not take care of this final expense is gonna come up one day for all of us. We cannot postpone that. We cannot postpone death. It's going to happen to each and every one of us. You cannot die cheap. I'm just I don't like using that word. But you can't someone has to pay even if it's a you know what I just get cremated. Okay, that's about right averaging today's prices about 3500 to $3,000. You know, it's not cheap. It's not cheap, you got to you got to take care of this final expense. And if you're going to put the urn in a vault or a crib, that costs money to bear costs 22 So you cannot get away with a little of nothing trying to talk about, well, I'm a very loved one, it's not gonna cost that much because I'm gonna have a cremated the cremation services about $3,000 today, right on average death, that's a Direct Cremation, there's no ceremony, there's nothing that you can have your own private ceremony. There's nothing wrong with that. But some people don't want to be cremated. They want to be buried at home. And you know, and hey, I want to go back to California, I want to go back to Los Angeles, I want to be buried in Beverly Hills. Well, I want to be I was born and raised in New York, I want to be sent back to New York so I can be with my loved ones who was gonna pay for that, you know, we get chipped away at it little by little every month by way of paying for a life insurance policy. Look at a life insurance policy as a savings account. You know, and we can offer a small policies for you to take care of the final expense, your loved ones, so your loved ones won't be devastated. Now, I found out just recently, one of the companies that are represented as called Lincoln heritage life insurance company, great company, and their policies or Whole Life policies up to $35,000 in Whole Life coverage. Now, when you go to the funeral home, the funeral home does with a life insurance policy, the first thing they're going to do is contact the life insurance company that makes your number one the policy has elapsed and is paid up. And your loved one hasn't borrowed all the money out of the policy. If it's one of those type of policies, you can borrow money from what they're gonna do, they're gonna use a third party to pay for the funeral. Let's take for an example if your funeral worth let's say your funeral costs $15,000. Right? They use a third party, they get the money from a third party immediately because the funeral home does not want to wait on the death certificate. For the life insurance policy to pay they want to get paid immediately. They don't want no hiccups. So they contact a third party now that third party doesn't mind waiting three weeks or four weeks for the death certificate. So they they float the money to the funeral home for that period of time until the death certificate comes in. The third party actually files a claim on your life insurance policy to be reimbursed. But he has his a hiccup right. I don't know if I want to call it hiccup. This is the vicarage as they say in a casino, the big in Las Vegas terms. And now, if you are ever a dealer in Vegas, or a gambler in Vegas, you know what the big garages are the big, it is a fee, they charge 10% on top of what you're already paying for your very expensive funeral. For an example, if you're if you're fiddling with $15,000, they charge a 10% fee or IVIG or a vicarage on top of the very expensive funeral. So in other words, in order to borrow their money for that, that four weeks, or three weeks, you have to pay 10% on a $15,000 funeral that's $1,500 on a $20,000 funeral that's $2,000 you're paying extra to take care of your loved ones final expense. But when Lincoln heritage life insurance company, they will give you a wet time in need you call the company up the only the primary beneficiary or the primary beneficiaries, contact Lincoln heritage life insurance, if you do have a Lincoln heritage life insurance policy, you can get up to 80% of the face amount of the policy. If your policy is worth $20,000, you can get up to 80% $16,000 You can get $16,000 upfront to pay for your funeral that avoids paying for that additional fees that the funeral home is going to use to pay for your funeral. That's the savings in your pocket. Now you say my policy were 20,000 but I'm taking out the full 16,080% Without the death certificate and they'll put it in your account. And two days, two business days you'll have that money in your account. You just lost your your parent your loved one brother or sister or even a child and they have Lincoln heritage life insurance.

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You can contact Lincoln Lincoln heritage life insurance and say you know what my loved one is at this funeral home. They just passed away. I don't have the death certificate. Can I get in than I would like to get an advance up to 80%. To pay for this final expense, they'll mail you to check, they'll put it in your checking account, you will receive the money in two business days. And two business days that avoid paying for an additional 10% that the funeral home will use that third party, this is News You Can Use. My name is Donald Marquez, my contact phone number is 70223626247022362624. If you've never experienced paying for a funeral, it is an eye opener. It can financially devastate you. If you don't have any means to pay for a funeral. If you don't have any credit cards, if you don't have any money, some people have to go to their 401 Ks, or they go to their savings account. They don't have to say, You know what, yeah, I can save the money. You know what, after well, you know, 20,000, I can say that, what you haven't done to this point. This is why you listening to this program, you know, and don't think about it, as you know, I can say that money. Most people don't, because things come up, let's say you your transmission went out on your car. So the money you're saving, allegedly for a funeral, right? Now, all of a sudden, now your transmission went out, but you know, she blew by transmission today, then it is a car. So what you got to do with that money saved, you got to purchase that transmission, you got to purchase the transmission.

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The transmission cost me $5,000. So now you were trying to save the money, but that transmission was a you know, unexpected expense. Or let's say your motor went out on your car. Now you need a new motor. But you know, is more cost effective to purchase a new motor than it is to purchase a new car. Because new cars it is extremely expensive. You know, in what you're trying to save money, you say to yourself, you know, I can save this money. With a life insurance policy, we can make it very easy for you, you could take it out well, we can have a monthly payment deduction, a monthly draft that comes directly out of your checking account, you can select the due date between the first and the 28th of the month. Okay, some people like to 15th of the month some people like to begin in about a month, where your draft automatically comes out, we will find a life insurance policy that will fit in your budget, my number is 70223626247022362624. Now if there is you know things happen in your life, and let's say there's an unexpected expense where you don't you have to pay on this unexpected expense. Don't let your life insurance policy be the first thing you want to cancel. Now what you can do, if you need if you have to is reduced the face amount of your life insurance policy. Let's say for an example you have a $50,000 life insurance policy. But you know, let's say for example, you have a tax bill, you have to pay your taxes as a man I didn't have enough deducted that on my taxes. Now I have a tax bill, what can I get rid of, instead of getting rid of, you know, all those HBOs and showtimes and all those Netflix and everything on your television, you don't touch that one of the first thing people want to go to, for the first thing they want to cancel is the life insurance doesn't. That's your savings account. That's your nest egg. But what you can do with a $50,000, for an example, you have a $50,000 life insurance policy, let's reduce down the face amount of the policy. Yes, you can do that. As long as you don't go above the Faceman. You can say at a $50,000 policy, let's see with 40,000 or $30,000 worth of life insurance is you can do that reduce the face amount. Now change of ownership of a policy, if you have a loved one that perhaps may be going into a nursing home, you want to change the ownership of the life insurance policy, because a nursing home could claim ownership to that life insurance policy at the time of need. And they may not just take out what a funeral costs, they may take the whole amount of the death benefit. Because you know when you put a loved one in a nursing home, that you know that as now, the nursing home all owns in most cases, let me say in most cases, owns all the asset, that person comes with it. So security, their retirement, that nursing home gets all that money. And now what if there's a spouse left behind now said in most cases, not all cases, most cases, but what you can do before you put your loved one in the nursing home, you can do what we call a change of beneficiary or excuse me a change of ownership, you might want to also change the beneficiary two as well. If you lost your beneficiary, for whatever reason, you know, sometimes the spouse has passed away and no one changes the beneficiary. And there's no contingent beneficiary, your husband passed away. And you know, of course, the wife is love and she had man I mean, think about well, I need to change my beneficiary Oh my own life insurance policy. You know, because you've collected it if he had a life insurance policy, you've already benefit from that life insurance policy when you lost your husband, but your husband was a primary beneficiary on your policy, right? But now he's gone, what you need to do is add a new beneficiary, you get a change of beneficiary form, from your life insurance company, fill it out, send it in. Now you have a primary beneficiary, because without a beneficiary, your policy could go on a probate, or change of ownership. In other words, your loved one has gone to nursing home and or let's say your loved one has, you know, Alzheimer's dementia, you want to do a change of ownership. That way, you have full control of calling the life insurance company making any changes, what changes will you may have to make, maybe your checking account has changed, you went from one bank to a new bank, you remember that your user ID, and they got you upset, and you went to a different bank, or you may just want to switch accounts, you just may want, you know, my retirement goals in this account, my paycheck goes in this account, I need the life insurance to go on his account as an owner of someone else's life insurance policy, you can do that, you know, and this is a form to fill out, you request it from your life insurance company, they can email it to you print it out and send it in change of beneficiary form is very important, because you don't want that policy to end up in probate. Without a beneficiary is not that difficult to do just pick up the phone and contact your life insurance company. Or, or you can contact me. And let's have insurance review, a full insurance review over the auto insurance, your homeowners and yes, your life insurance. I'll do a full review. And I'll ask you the questions. I'll ask you the questions. I know sometimes, you know, with life insurance, there's a lot of moving parts. It is and I read the moving parts and keep you updated on what's going on. Now. You know, I had a couple come in. Just last week, it was Wednesday. And they came in. And they had a life insurance policy that he had purchased when he was 50. And you know, Mr. Willis, God purchased a policy when he was 50. And I told him to keep it as Mr. Willis, you bought this policy over 20 Some years ago, you should keep this policy is that it was a good one. It was a good one but he needed more insurance. So we got Mr. Willis some more insurance. And here's why we needed a policy to so we got our policy. So you know, they're too well taken care of. They're well taken care of now, because they heard this broadcast, right? Okay, you envy 91.5 jazz or more, and they came in and took care of their business. Now if you need a loan against your life insurance policy, you can get a loan, only thing you need to do is fill out a loan request form, you know, things do come up, things do come up, when you need to borrow your money from as your money, you can borrow it, and you do have the option to pay it back or not. But if you don't pay it back, and I've said this many times on my show before, if you don't pay it back, it's gonna accumulate at least seven to eight to 9% interest rate against the money borrowed. And, you know, ended up that interest rate accumulates over time. If you do borrow money from your life insurance policy, find a way to pay it back, it's going to be an additional payment, along with the payment you already making. And you can set it up monthly annually, semi annually, whatever works, but try to try to pay those loans back. If but if you don't, and now if you have a large life insurance policy and you know and you borrowed $10,000 from your policy, and you let's say you have a $300,000 life insurance policy, now it's gonna take a while before that $10,000 gobble up that you know that that amount of face amount of money, but you know it will be minus from the death benefit the and the initial 10,000 minus any interest on top of keep in mind. If you haven't a nice 789 percent interest rate, the money borrowed against the life insurance policy could double every seven to 10 years. It could double it's called a rule of seven or the rule of 10. So if you borrowed $5,000 or 10,000 miles from new policy, that Tip five or $10,000 could double every seven or 10 years 702-236-2624 My name is Don Marquez. This is your insurance connection. Or we broadcast radio okay you have the 91 five every suddenly monitored from 8am to 830. You know keep it locked right here and don't Don't keep me a secret tell your friends about me. You know and because sometimes you know some of those friends of yours will try to talk you out of a life insurance policy I had this happen not too long ago. Cost customer purchase life insurance policy for me a final expense life insurance policy when you know I didn't need that much. So he purchased $35,000 worth of life insurance. He just wanted to make sure his family didn't have to go into debt in and I have a lot he didn't have a you live in an apartment. He had a car it was paid for. He's I just needed something that paid for my funeral. It was a little leftover. So now he tells his friend he bought a life insurance policy now this gentleman as well in his in his well in his 50s and he's A smoker, right? So he tells his friend he said, You know, I purchased a life insurance policy from Don Marquez, you should go see him. Now a friend is trying to talk him out of the life insurance policy. You know, he calls me up and say Mr. Marquez, you know, I don't know if I should keep this policy and not because my friend told me that I don't need life insurance. Okay. And I said to him, I say you're in your late 50s, you're a smoker. I said, we never know when we're gonna go. But ask your friend is trying to tell you not to have a life insurance policy. Will your friend take care of all your final expenses at that time of need? And see what your friend tells you? He said, Okay.

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He said, Okay, so he called me back. He's out did exactly what you said, Mr. Marquez, he said, I went to my friend, I said, You know what you're trying to tell me I don't need this life insurance policy. That means will you pay for my final expenses? When that time comes? When you pay for my funeral? Will you pay for my other expenses that I have, you know, may have an A phrase, oh, would it mean because you told me I don't need a life insurance policy. That means you're going to take care of my final expenses. And they said, Well, wait a minute, maybe you do need life insurance policy. If you take out a life insurance policy, don't let anyone talk you out of it. They're not an expert don't don't know if they say you pan too much. Or they you know, they're not an expert. People ask me all the time. Hey, if I come in and see you how much is life insurance policies gonna cause you know, again, can you give me a you know, you know, I don't know. I'm not gonna hold your feet to the fire. Can you give me a quote on what do you think it may cost? I don't know. I don't know. That's why I have a computer. That's why I have a rate book for final expense or any type of insurance that I offer you all for term, Universal Life, whole life insurance, auto home renters boat, motorcycle, but I don't walk around with these prices in my head. I don't know. I really don't. And let's we sit down have an intelligent conversation about your insurance concerns. We customize the fit the policy to fit in your budget. We try to do my damnedest to get it down right for you to first time. I can help you My name is Don Marquez, this is your insurance connection. I want to be your insurance agent 70223626247022362624. My Location is on a corner of Sahara and Rancho in the US bank center located on the eighth floor. Next week. I'm gonna try to get Christine Barnard to come on the show with me. She's with everything legal, she is a paralegal. She can help you with so many different ways with notary service. She can also help you with your resumes, the power of attorney, medical and financial power of attorney and a last will and testament trust promissory notes, demand letters, she can help you if you need to add someone on your house as a write of survivor or in lieu of death and put them in a beneficiary position so the home was not going to probate. Christine Banagher can help you I can get you can get in touch with Carestream Bernard at 702-857-4401 702857440 1k You envy 91.5 jazz or more. My name is Don Marquez. I'm a licensed insurance broker been in the business for a very long time. And I want to be able to help you when I first got into this business. My manager had Allstate Insurance Company. His name was Mr. Ed Davis. Mr. Ed Davis, thank you for listening to this program. You changed my life. Thank you so much. You changed my life. When he told me that you won't realize the importance of what you do until you deliver a death benefit to a family. My first time I delivered a death benefit to a family after offering them a life insurance policy. It was $100,000 policy and I looked at the look on their face. The young lady had just lost her sister in a tragic incident. And it was it was pretty sad. It was very sad. I gave her $100,000 Because there was a young boy left behind. He was only six years young, but that $100,000 went a long way to raise him to help him financially. To raise this young boy. I made a difference in their lives. I can make a difference in your life too as well. My name is Don Marquez my contact phone number 702-236-2624 702-236-2624. My business hours are Monday through Friday from 10am to 5pm. And I will work some Saturday 702 to three six to 60 vo everybody enjoyed his very hard day to date his Sunday morning and Sunday afternoon and Sunday evening, who I'll be glad when September October hit right here in Vegas. And to then next week this until next week. Just keep it crispy. Thank you for listening

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