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. Good morning, Las Vegas and all the surrounding communities. Summerlin, North Las Vegas, Henderson, all of our beautiful city. My name is Don Marquez, this is your insurance connection rebroadcast right here at K und 91.5 Jazz and more, early Sunday morning from 8am to 830. So buckle up, but hold on tight. And let's get down to it. As an insurance broker coming on the air talking about insurance, I want to thank the listeners that contacted me and purchase home Auto, and yes, life insurance, you know, tax season is upon us. And you know, I talked to customers and they say you know, I'm gonna wait after taxes, see what my taxes is going to be. But when we do submit you for life insurance policy, especially for the larger policies, we're talking about the policies that there's 50,000 and above, it takes about anywhere from six to eight weeks before the policy is issued. That means you won't you won't have a payment until six or eight weeks down the road. So if you concern about your taxes, don't really be concerned about the payment on the life insurance policy, your your life insurance policies, your savings account, look at it as a savings account, I do. I have a life insurance policy. And I also save money too. I do I put money away in my annuity each month, but nothing is going to pay more than my life insurance policy. Yes, I say money and it's a slow saving process. If you're not really good at saving money, just imagine having $100,000 life insurance policy, and you have it and you pay a little money towards it each month. But that's your savings account. That is money that will be there for your family members, and they're going to need the money, there's no doubt about it, there's no doubt about it, they're going to need the money to close out your estate. Just think about you know, the credit card bills, you have the car payments, you have the mortgage the rent, to move the furniture out of the home to pay utility bills, why this process is going on, you know, only Yes, paying for a funeral is part of it. Absolutely. That's part of it. That's the first a big expense. Now we're going to have other big expenses. You know, again, we're talking about maybe a car payment or pay the car off or even sell the car, paying the rent or the mortgage for a few months, while you're waiting to you know, clothes that this person has a state is not going to happen automatically taking time off from work. The list just goes on and on. And what if there's young children involved? What if there's young children involved stealing Oh, sorry, children involved? Teenagers, this has to go to college. There's a lot of moving parts. And this is why we have life insurance, you know, life insurances, and you know, initially made for the, for the for the wealthy people to pay off their taxes. But the life insurance company realized that, you know, people will then need life insurance, that's not wealthy as well, to pay off these final expenses. You know, I've been, I've been unfortunate, in my life to been beneficiaries of a life insurance policy. You know, I say that with a double edged sword. You know, my my mother passed away, we had life insurance for my mother. And I say, you know, unfortunate but because I lost my loved ones and my wife, I lost a little over five years ago, but also it was a recipient of a benefit being a beneficiary on her life insurance policy as well as my mother's. Now that being said, it's unfortunate and fortunate at the same time, because lose, losing my loved ones. That's the unfortunate part about it. I miss him every day, I think about him all the time. But however, being able to continue my life, my journey in life, it did not hinder me financially. Meaning I didn't have to move out of my home that I've been living in since 1996. I didn't have to sell, you know, my cars. I didn't have to just you know, go into financial drastic mode and file bankruptcy to continue my lifestyle. One of the leading causes of bankruptcy today is because people do not have The life insurance, they don't prepare themselves. But when that day comes, and it's not a if it's a win, if we knew when they come for all, it came for all of us, it would make my job a lot easier. It really would. Because we know exactly when you're gonna pass away, okay, you know, and you got about five years, you know, we need to get some life insurance, that will change the whole life insurance rating program. If we knew exactly when we're going to pass away, it will change everything, it will probably cause more actually, because people will probably wait, oh, I got a year left, I need to get some life insurance. I mean, if you think about it, if we knew that they was coming, you know, and it comes for all of us. Regardless, each and every one of us gonna pass through this world and move on to the next. But if we knew just imagine the life insurance companies, okay, now we have to rewrite everybody, because we rate life insurance according to your health and your age. Now, in my office, just last week, I had a young man come in, he's in his, you know, late 50s. He's still a young man, as far as I'm concerned. He came in and he told me, he had a heart condition. And he had a stroke, you know, within the last couple of years. Now, he told me, he also had a term life insurance policy. He had a term that he has a term life insurance policy for $100,000. Now I told him, I said, What's your health condition? Now that you're on blood thinners, you need to keep your $100,000 Term life insurance policy, don't let it run out. But you can convert your $100,000 Term Life Insurance into a universal life or whole life policy. Now, what does that mean? If you currently have a term life insurance policy, and you can convert your term insurance into Universal Life or whole life, there is no medical exam there that the rates are only based on your current age. So let's think about that for a moment. You purchased term life insurance, let's say within the last 10 years, but your term policy is only a 10. Or, or fit, let's say a 15 year term policy for an example. But you do have an opportunity to roll it over within the conversion period. Now, it may not last until the end of the policy, your conversion period, maybe only eight to 10 years, or maybe even 12 years, we really don't know until we read the contract. However, these are opportunities for you to you know, roll that term policy over do not let it expire, roll it over into a universal life insurance policy, or whole life policy. Now, if you cannot afford the face amount, for an example $100,000 If you can't afford it, because the rates are based on your current age, you can always reduce the face amount down to what you can afford, okay, I can't afford the $100,000 premium at my current age, because now my my late 50s, early 60s. But what does $50,000 look like? What does $25,000 look like? Something is better than nothing. If you don't quite understand the process, I can help you no obligation reviews. My number is 702-236-2624 702-236-2624. My Location is on the corner of Sahara Rancho and the US Bank Center. I work by appointment 702-236-2624 You can always text me on this number as well. And I'll get back to you. Or if you'd like to do business over the phone, we could do business over the phone to his wife, he doesn't care. You know, I

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can't come in. You know, I have to work during certain business hours. And I do too. I understand that. I do a lot of business over the phone, probably about I would say 5050 I do a lot of business over the phone 50% of the time and the rest of the time. It's face to face. I would love to meet you. I really well, because, you know, I've been in this business for the last 28 years when I was trained to be an insurance agent when he came to offering life insurance. You know, we were encouraged to see the customer we had to see the customer. But today we don't since the virus. The Coronavirus changed everything. It really did. But in the past, we had to see the customer to write a life insurance policy. Now we don't know if you need a life insurance policy. Because you have underlying health conditions and you've had nothing but denials. Well, you don't have diabetes, I've been turned down multiple times for life insurance. I do have a whole life policy that will benefit you a whole life policy that will give you up to $35,000 in Whole Life coverage. And you know it's only about 12 health questions will ask up to 35,000. Now, you may say to yourself that's not a lot but think about it something is better than nothing, especially when you're talking about a very expensive funeral to pay for today. Who's gonna pay for that, it's better to chip in a little by little, in order to add people life insurance versus going to get a pre need at the funeral home, at the funeral home is very expensive. And they added life insurance within the pre need policy. In most cases, you're paying for a life insurance policy within the pre need. Now, who needs pre named now tell people, you know what a life insurance policy, there's gonna be money leftover with a pre need there, there's no money leftover. Now with a pre need, there may be taxes, you have to pay on a pre new policy, and it's going to cost you four times as much than you will have with a life insurance policy. Now with a life insurance policy with a cash value asset, you can borrow money against your life insurance policy, and loans and build cash value. Now I was watching television, you know, and it was talking about this, this organization that will buy your life insurance policy. Now, I don't know what they what they're offering for your life insurance policy, I think you have to be a certain age, it's like reverse mortgages in a sense. So what they do they they take your life insurance policy, the full face amount, they give you a percentage of the face amount of the life insurance policy, I don't know how much the percentage is. But I'm speculate 30 No more than 40, maybe 50%, at the most 50% of the face amount, and then what they do, they continue paying on the life insurance policy, I think you have to be a certain age for this. But they'll they'll cash you out of your policy. Now, and they say even term on a commercial, but that's probably highly unlikely they're probably looking for a universal life insurance policy. You know, 100,000, or more, I don't know. But you know, I've heard, I've heard and I'm advertising on television, about buying out your policy. So what they do, they pay on your premiums, and when you pass away, they are the beneficiary. But keep in mind, they've already cast you out 30% 20%, whatever you agree to, they cash you got, and they continue to make the payments. And when you pass away, they receive the benefit. So you don't get it on both ends. And so what they'll do, they'll change the beneficiary to to them. And then when you do pass away, now, or you know, they'll they'll, they'll receive the benefits for the full face amount of the policy. I don't offer that service, but I've seen it. Now you may say to yourself, you know, I I'm in this position where I could use the money. This is another opportunity. This is also what a life insurance policy will do for you. It will put money in your pocket. We'll look at it as life insurance as an investment I do is an investment in your future if you need money is going to be there for your family members. If you need to borrow money because you need to pay some bills off. Or you know what if you just want to really take a nice vacation that has the money in your policy, you can do it 702 to three 620-624-7022 362624 My name is Donald Marquez, this is your insurance connection, located on the corner of Sahara Rancho and the US bank center located on the eighth floor, I'm here to help you 28 years of experience. There's a lot I've seen, and unfortunately I'm quite sure there's a lot more I will see. Because there's something always different. There's something always different in the insurance business. We offer auto insurance, homeowners renters, and yes life insurance now, boat and motorcycle season is coming up. I offer a boat and also motorcycle insurance. If you want to compare rates let's sit down and talk about it. Now what's your classic car this this has come up often times now I know the DMV has changed their rules when it comes to the classic cars. If you have your classic car on your regular car insurance, we may want to sit down and go over that because now the department of motor vehicle for the state of Nevada is requiring you have classic car insurance. So there are some moving parts with that every every situation is different. Maybe we need to take you out of your your private passenger vehicle car insurance and get you a classic car insurance. You know the one of the companies that I represent 702-236-2624 702-236-2624 If you're just tuning in for the very first time welcome to my show.

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This is your insurance connection. I'm your host, Don Marquez and I'm an insurance broker. I'm an insurance broker right here in beautiful city, Southern Nevada. Well for the whole state of Nevada, actually, but I practice more in Southern Nevada. Yeah, I get calls every now and then from, you know, the northern Northern Nevada but it's not that often. And you know, and again, I can't I have to thank the listeners because can you envy has a wide stretch all across our country. Even our military people they listen to K u and v you And thank you for your services. I'm also a veteran too, as well. And sometimes people get a little homesick. So let me tune in. They're stationed all over the country all over the world. And they want to hear Kay you in the 91.5 Jazz and more Sunday morning, while maybe throughout the week. And this is one of the programs they listened to, because I received calls from all over, all over all over for all over the world. So that people, they do thank me for coming on the radio to educate you about your insurance, it's a pleasure to do what I do. And I want to thank Aston originally for this, Dr. Aston ready for this opportunity. And also my engineer Western keeping us on time. Right, he had k u and v 91.5. Jazz in more. We offer auto insurance, homeowners, renters, boat, motorcycle, yes. And life insurance, I talked about life insurance a lot because you need it, you need it. Now, if you have life insurance on your job, which is a wonderful thing. That's good to have. But I've experienced this with people with insurance on their job, it takes about HR, you know, anywhere from three to six months, before they pay out the beneficiary, if they pay at all. Now, some some of you are in unions, and you're paying your union dues, and your union will pay so much, or just depends not a lot, but they'll pay for your final expenses, you know, depends on every union is different. But to my understanding, when you retire, that benefit is gone, you know, you no longer have the benefit. If you do have the life insurance benefit, then you out of the group and your rates goes up every six every year, every year on anniversary, your rate goes up because you you're older, and you cost the group more money. That's why you no longer in the group, you're an outside group. But if you're in the group, and you're paying for your life insurance policy, you do have other options. Now that with the life insurance, through your employer, they will offer you three times your salary. If you're making $50,000, a year with a family of you know up to three to three children, and you're making a $50,000 a year salary is $150,000 is going to be enough and more and more than likely know what today's economy that we live in. And it's been knocked this for a while not just today's economy. But $150,000 Today is not what it used to be. No, not at all. I mean, if you're really good with money, and you have let's say your young children under the age of 10 years young, and you have three children, and you have a premature passing, and your job only span out $150,000. Now to your beneficiary or to your spouse, how long would that $150,000 last? Okay, let's pay for a funeral that costs us $20,000 for a funeral, very nice funeral, because you bought double plots for your spouse, you and your spouse side by side. So you had a $20,000 funeral. But you're only going to feel one, one of the plots. The other plot is on hold until that time comes for you for his for the other spouse to join. Now that's $20,000 now and 100,000 and $150,000 policy, you're down to $130,000. Now your children are and you know at that young age, you got to you know, pay for their clothing or food or education. You know, I mean, it's $130,000 me you may have a car to pay off as $15,000 You know down that $130,000 policy and now it's $115,000 policy, you know, and it just keeps chipping, away, away away because you still maintain the power bill is still going to come in the phone bill is still going to come in and television bill is now television is building you believe that I remember when television was free, and ran over here in Vegas, we didn't pay for phone, I mean television, we had a few channels, channel eight, channel 13, Channel 10. And I'll be channel three, I believe it was we didn't have a lot of channel our Channel Five. We had a few channels we had we didn't pay for that. But now TV is a utility. They come up with a way to charge you to watch television and that amazing and we still see commercials. If I'm gonna watch television, I don't want to pay for commercials. I am paying for these utility but they like to get it on both ends. But all what I'm saying is it for reason because the bills still come in whether you hear or not, your family still has to eat that you have to go grocery shopping for clothes, food, housing, it continues to come in whether you hear or not, it is our responsibility to take care of family members. Now again, if you have underlying health conditions, you know and you've been turned down for life insurance. I can write a policy up to 85 years old, up to 85 years on now as seniors please listen to this. If you don't have life insurance, who is going to pay for that final expense. You don't want to leave this burden on your children or your spouse. You don't because you don't give them time to to miss you time to grieve, because now they got to worry about how to pay for this. You know, people told me I don't want to do car washes. Nobody really does that. I mean, it's rare. It does happen. But you have to wash a lot of cars to pay for funeral today, at $20 a car, you have to watch 750 cars to pay for a $15,000 funeral. Plus get the water or crew to help you 750 cars, you know, car washes don't watch 750 cars a week. How are you going to do it? Think about it, when you can simply take out a life insurance policy. Now you may have underlying health conditions like diabetes, lupus, whether you have stage two stage one diabetic, doesn't really matter. The type one type two diabetic doesn't matter, I can get you a life insurance policy. I know you've been turned down, don't give a 702-236-2624 702-236-2624 if you have lupus or you know a history of cancer, do not give up. Now if you have family members, this kind of wiling out on the streets and you want to get a life insurance policy on them. We do have a team member on your insurance connection. Her name is Christine Barnard. She can get you a power of attorney over these individuals that's out there in the streets. You know they could be on drugs or or just homeless or in and out of trouble. We can get them a life insurance policy. Something is better than nothing. For more information. My contact number is 702-236-2624. My name is Don Morales. And if you're just tuning in for the very first time welcome to my show. Every Sunday morning from eight o'clock to 830 right here at K u and v 91.5. Jazz and more our fundraisers are coming up pretty soon. Please donate to the station to keep the lights on and you know, these engineers and staff and management with they all work they all on salary, they need to be paid. So whatever you could donate to K u and v 91.5. The only jazz station in Southern Nevada, you know donate to the school donate to the to the K und because we need the money we need you know and you get programs like this at K u and v 91.5. Jazz more. Now when you do have a life insurance policy, I've been asked this what do I do with it when I lose a loved one? Well, this is how you file a claim. You take the policy into the funeral home, as long as you do not have accidental only life insurance. And your policy is paid up Do not let your policy lapse. What is the point of taking out a life insurance policy. You pay on it for less than a year let's say you pay over nine months. And then you you know for whatever reason you decide I don't need this policy. I don't want this policy anymore. Because your maybe your power bill went up a few dollars and you find something to shave down and the first thing you want to you want to cut out is your savings account. You know it's like cutting your right arm up Why would you do that? You know find something else the shape you need. You really need HBO Showtime and all these premium channels do you really need all that? Do you really need to go out and the casino two or three days a week? Do you really need to do that. I mean there's ways to adjust I adjust all the time I was in a grocery store just a couple of days ago and I saw this big bag of chips

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and I said to myself, you know I have popcorn and all I just pop some popcorn. I would ask him I was in the grocery store I bought some popcorn so I don't need chips. Instead of chipping away you know because it does add a lot of less a lot of fat. You know it does add weight on you. It gets I what I what I do now when I watch television, I eat fruit. I get some grapes, apples and that because you know what the chips you get the crunch but you can also get the crunch with a nice juicy red apple. You know. So getting instead of instead of chipping away, you know get you something, eat some fruit, watch television, eat fruit, your body will appreciate it and you know it has a lot better on your cholesterol and everything else because chips add up on it puts weight on you. Now with the fruit and you know fruit selections. There's many fruit selections and watch television and enjoy some fruit or get this popcorn. Easy on the butter. But these are things you could do to adjust and I when I drive my vehicle, I make my rounds. I usually drive only about three or four days a week because I'm trying to be conservative on the gasoline. I am so when I go to the grocery store, I go to the grocery store to cleaners, K u and v 91.5. I make my rounds. That way I can make a full circle and work my way back to my home. Even when I go to my office when I leave my office on the way home. I said I had to go to the grocery store I have to go you know so I have a plan in my destiny out and you should do the same thing to save money on your gasoline. Now when you drive in, please do not text and drive. Oh my goodness. I see it all the time. This is why we have so many rear end collisions. This is another reason why are insured rates are very expensive here in Southern Nevada. One of the reasons people, you know, drink and drive, you know, the DUIs, get a car accident, you know, you know, you can use your right to get a lawyer if you want to. But, you know, the lawyer gets rich, and you find out quickly, you know, and you have a right to get a loan attorney. But a lot of times sued attorney makes more money than, you know, it doesn't make sense to me, I don't understand this whole who come up with that idea, you know, this person had a car accident, that, you know, we gotta we're gonna make more money than the person who had the car accident. That's your right to get an attorney, but you can work with your insurance company by way of filing the claim. Now, I got off track a little bit, but I was talking about when you lose a loved one. And when you lose a loved one, you take the life insurance policy into the funeral home, as long as not accidental only, you'll quickly find out that accidental only his policies worth is to take care of loved ones burial expenses, but you take a policy and they'll file a claim against your life insurance policy. As a beneficiary, the primary beneficiary can only do this right away, and then they'll file a claim against the policy, they'll get their proceeds out, then you find a valid additional claim with the death certificate to get the rest of the funds into the policy, tax free benefits. Let me say that, again, it's a tax free benefit. You don't pay any taxes. If you get a million dollar life insurance policy as a beneficiary, you do not pay any taxes. And who would want a million dollar life insurance benefit as a beneficiary, you could do it if you qualify. Now with with the 30, and I will say 30, between the ages of 25 and 33, that I can probably get you a life insurance policy depending on the situations where you smoker, nonsmoker for less than $1 a day 702 to three 620-624-7022 362624 Now what a life insurance policy less than $1 a day and you have a million dollar policy, and I've done it before and use this was the women that didn't get that policy, I'm just gonna be straight with you guys. They used to qualify for that million dollar life insurance policy for less than $1 a day. But I made her a millionaire. I made her a millionaire now if it cost you, you know, a little over $1 a day for a few and you're between 25 and 33. That's okay. With a young family. If something happens at home, which have a premature passing, you know, your children are taken care of. And I've had people come to me when underlying they've got upon they have the bottle policy years ago, but now they have underlying health conditions. And they don't know what to do whether to cancel the policy. Keep the policy. I offer no obligation reviews. In other words, we sit down with your life insurance policy and go over it. And I'll show you the index page show you what your policy will do. Over time. They help you better understand the coverages most people don't even know what type of life insurance policy Damn, if I ask you what type of life insurance do you have? Like I don't know what I'm covered, I guess you know, it's always like I really don't know what you should be explaining what is you paying for every month? You know life insurance you need to know you need to know what you're paying for 702-236-2624 My name is Donald Marquez. This is your insurance connection. We'll do this again next week. I know March Madness is on right now these basketball, the ladies and the men and it's a lot of upsets. I love it. I love it. These two watching these teams playing you know enjoy your Sunday. Vegas has been a little windy we're going to clear up pretty soon. And you know it's going to be summertime pretty soon. So enjoy this weather while we can. It's a next week everyone, go outside, take a walk, you know talk to your neighbors. keep a smile on your face and when you smile everyone else smiles with you. Until then just keep it crispy. Thank you for listening. This is Dan Marquez.

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