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 0:41
Good morning everyone. My name is Don Marquez, this is your insurance connection. We broadcast right here from K u and v. 91.5. Jazz and more Sunday morning, from 8am to 830. Enjoy the weather and Vegas, because we know the heat is just around the corner. On your insurance connection. We keep you updated on what's going on in insurance. I'm an insurance broker. I want to thank the people that contacted me to purchase home auto yes and life insurance. Today we're going to talk about whole life insurance. What is it? Who needs it? And why would you purchase whole life insurance versus term or even Universal Life? Whole Life is a product designed to help the individuals with underlying health conditions underlying health conditions diabetes, lupus a history of cancer if you own blood thinners a lot of you own blood thinners. If you have a view on dialysis, a whole life policy as a final expense, life insurance policy up to $35,000 in coverage, why would you buy a $35,000 whole life policy? Well, with the cost of funeral was on the rise every single every six months, the funeral costs have gone up that it is so expensive now to bury a loved one. And sometimes these individuals do not qualify for the larger life insurance policies. The universal life insurance policy starts at $75,000 and up the term policy starts at $100,000. You know, now when you when you take out a term policy or universal life insurance policies, they are health questions you have to answer just like what the whole life policy. However, with the term and the universal life insurance policies, they will be physicals In other words, the life insurance companies will send a paramedical personnel out to your home or to your place of business wherever you want to meet them at. And take physicals and sometimes they're going to take bodily fluids from you hair samples, you know, even saliva test, they will have a physical if you're getting $100,000 life insurance policy and up. In most cases, you will have a physical, especially if you're 55. And older, you definitely will have a physical, but with the term, I had a whole life of products, you know, they're different because term is for 30 years max, you have a 3020 1015 year term policy, that's it a whole life policy is up to $35,000 in coverage, it is designed for that pay for that funeral with a little money leftover because it's going to be other expenses people will have they will have the you know the rent to pay maybe medical bills, doctor bills, we can find a whole life policy that will fit in your budget now who would qualify for a whole life. If a person has a history of diabetes, a person have a history of lupus cancer, on blood thinners, even a heart disease is is you will not qualify for the large policies. I'm gonna just you just won't you want. So what the life insurance companies have done is created a whole life policy for the individuals with underlying health conditions. With a what a universal life or term policy. If you are overweight, you won't qualify for those $100,000 and up policies because there's going to be required a physical, they're gonna ask you a V how much or how tall are you? One of the questions is How tall are you? How much do you weigh on a whole life product up to $35,000. And it also builds cash value the whole life product. They don't ask the question, how tall are you? How much you weigh? Even if you smoke cannabis on a whole life policy? That's not a question. They ask. Do you smoke cannabis? Because in some states it is legal in some states is not is a state issue is not federal. What they hold our product is a simple way to get life insurance without having a physical. There is absolutely no no health examination to apply for just a few health questions. And there's simple questions. You know, there's simple questions now with a larger policies that are 100,000 and up to we're talking about the term in the Universal Life one One of the questions they ask, have you ever been turned down for life insurance? Have you ever been turned down for life insurance? If you say yes, it's pretty much automatically your application is going to be denied. But with a whole life insurance of $35,000 in coverage, you know, then I'll ask that question, have you ever been denied for coverage with a whole life policy, it does build cash value, money you can borrow against, if something comes up and emergency comes up, you have money to borrow against your policy. Now, people also asked me, When does a policy expire on a whole life policy, your whole life policy, it takes you to age 100, what the whole life product, if you live to be 100, whatever the face amount is of the policy, they'll send you a check for the face amount, minus any loans. Now, when you borrow money from a life insurance policy, regardless, whether it's universal life whole life, or index life insurance term has no cash value asset. But when you do borrow money against like, a cash value, asset, life insurance policy, please pay it back, find a way to pay it back, you will accumulate at least an 8% interest rate against the money borrowed annually. That adds up over time where you know that 8% It could double every seven years I call it's called a rule of seven, he called double every seven years to the borrowed money. In other words, when example if you borrow $1,000, in seven years, $1,000 can easily turn into $2,000 in another seven years now. $2,000 turned into 4000. That's it, that can easily happen because a lot of people don't pay the money back. They just say okay, you know what, I'll just let it ride, I'm not gonna worry about it, that money will be borrowed against the face amount of the policy when that time comes. Now if you did borrow money against the life insurance policy, and you don't find a way out of you know, you can't negotiate with the insurance company has to reduce the loan amount. So you find yourself stuck with that loan amount of although you as it were you not only borrowed a small amount, but look what I owe now, because of the interest, we can find a way to get you out of that loan, get you out of that policy, if you can qualify for a smaller policy, maybe a $35,000 whole life policy council that policy you have you all that money against and can surrender the policy. This is key, that's a key word. You never want to cancel a policy you want to surrender a policy regardless of the policy, you want to surrender it. Because when you surrender a policy, you know, the cash value will come back to you if it does have cash value on it. It just depends on Lance's phone. If you call them up and say, Hey, guy, I have another policy, cancel my policy, that person over there may just cancel it and you don't get your money. But you always want to use the word surrender the life insurance policy. My name is Don Marquez, this is your insurance connection. My contact number is 702-236-2624 702-236-2624 I mean it around for a long time in his businesses 1997 I would love to gain your trust. And your business too, as well, because everyone has insurance. Everyone has insurance, regardless is health insurance, you have insurance. If you have a home, you have homeowners insurance, if you have a rental property, you have landlords or renters insurance. If you own a car, you have auto insurance. So rent insurance is surrounds us all the time. Well, if we the responsible people going to have some type of insurance surrounding them for auto auto insurance, homeowners, renters, boat and motorcycle insurance and Yes, life insurance. To me life insurance is one of the most important insurances you can have. I look at it like this, if you can put insurance on a car or home, I wanna my life. Well, I'm more important in a car or home. I know it's a lot to have insurance for Yato to drive it because driving is a privilege is not a right. And you must have liability protection on that vehicle. Now, some of you as well, I have full coverage, you know, that's but you know, you don't even know what the full coverage is. If I asked you what what are you covered? Most people don't know. But they pay for it every single month. When you leave my office, you're gonna know exactly what your coverages are on auto on the life insurance. So many of you I've spoke to, and I asked about your insurance coverages you're currently paying, what type of policy it is. How much does it pay face amount? Does it go up? On the life insurance? Does it go up over time? Do you have a cash value asset? A lot of these are unknown questions because you know what? Some came in the mail. You filled it out. You sent it in and thank you insured. Well, if you send it in an accidental only life insurance policy, you're not covered. Yeah, absolutely. 100% not covered for life insurance. Just like it says, accidental. It acts to be an accident. I've been in this business in the insurance business since 1997. I've written a lot of life insurance policies over that many, many years of my service back to my community here in Las Vegas, Nevada, writing life insurance for families. And I've never known one accidental policy payout any family, and they do not. And I can't repeat this. I can't say this enough. Accidental only life insurance policy do not pay for natural causes. In other words, if your loved one, you know, that's a senior citizen because this is who they target senior citizens if they pass away of a heart attack or stroke, that accidental only life insurance policy is not going to pay for those final expenses. 702-236-2624 is my contact number make the connection. My name is Donnell Marquez, my location is on a corner of Sahara, and Rancho in the US Bank Center. Located on the eighth floor, I work by appointment 702

Unknown Speaker 11:11
to three 626 24 702-236-2624 Life insurance is affordable, we'll find a policy that will fit in your budget. One of the frequent questions I asked get asked is how much insurance do I need? Well, I don't know how much you need, we have to do what we call a needs analysis. In other words, we got to figure out how much life insurance you can need you need for your family, and how much you can afford. What's the point of getting a life insurance policy if you can't afford it? I've also been asked questions, how much life insurance can I get. And I tell people simply this is as much as you can afford. Not passing on generational wealth is okay. It really is it uplifts the next generation, it doesn't leave your family members in debt. The average dad didn't in the United States, when a person passes away, it's about $60,000 in debt left behind. Do you really want to put your family in fo vulnerable position of 50 $60,000 in debt and think about it, it adds up really quickly. A funeral is gonna run about $15,000 with the with the with the plot the headstone opening and closing the casket. That's about $15,000. And we're talking about nothing spectacular. That's a simple funeral today. But really on 15 is like the minimum. But they're really averaging between 18 and $22,000.18 and $22,000 for a service today. And the reason why I know this, I go to these different funeral homes. And I talk to the people that the funeral directors, and I want to know I do because when I come on the radio, I want to be able to give you this information. So let's say you have a $20,000 funeral. Okay, now all of a sudden you have medical bills, credit card bills, that's another $30,000 add enough that's real easy to get $30,000 in medical bills. Real simple, real easy. Now you had $20,000 for a funeral $30,000 of medical bills, you're right at $50,000. Right, if $30,000 worth of car needs to be paid off. Who knows a day would that cost? That could be a lot of money today. It used to be a car used to be you know, okay, I owe $8,000. I'm like I paid it off a few credit card bills at $60,000. And a couple blink blink of the eye. Now let's say you don't have the medical bills, you have a $20,000 funeral to pay for. You have a car to pay off that's 20 $30,000 that's $50,000 real quick. So in this country that average death, the average person that passes away, leaves a lot of dead behind is called final expenses. For more information, and let's sit down, have a conversation 702-236-2624 702-236-2624 Don't leave your family in a position where they have to come up with money, they can't afford themselves. They have their own bills. This is our responsibility to pass on generational wealth to our children or not pass on generational debt. And you may say to yourself, Well you know, I have money saved up in my savings account. Well, what if? What if none of your loved ones are on a savings account? What if you're the only one because now your surviving spouse? Unfortunately you have a spouse passed away years ago and this happens all the time. Your money just sailed up in probate because you know you didn't put anyone on your on your savings account. If you have saved money okay if you let's say if you save some money over time, but how long will that money last? How long wall of money lasts for your spouse to to maintain the lifestyle usually is not enough users only about two or three years and they have to start making changes sell the home or their life changes the life just go Up to now, it's just as an up and down thing. Everybody's different. And it's unfortunate, because family members talk about it. But what do you do you procrastinate, you put it off, where are we gonna do it, we're gonna do it one day, we're gonna call Donald one day. But today Today, you shouldn't feel that way. It doesn't cost you any money to sit down to have an insurance review, I can review your current insurance policies. And I have review a few policies out there, from listeners listening, listening to the show, they come in with their life insurance policies, and we go over them. Now some of the policies are in good condition. I mean, what I mean by that, the policy is not going to go up over time, as you get older, because some of these policies are designed for you to cancel the policy as you get older, I do not offer those policies, I don't believe in them. When you purchase a whole life insurance policy through me, once you are accepted, the rate is locked in the face amount is locked in for the term of the policy, a whole life policy is to age 100, your face amount is not going to change unless you reduce it unless you reduce it, and the premium is going to stay the same. It does build a cash value asset. Now with a whole life policy. Let's say you've paid on your policy for like what the whole life policy that offer you paid on the for the last 15 years, right? You bet on your policy 15 years, you can call the insurance company and say I've paid on this policy for the last 15 years. Now I want to reduce paid up amount No, I reduce paid up means that if you started off with $35,000, but you don't need that much coverage anymore, you can reduce your face amount be paid up. Let's say you reduce it, reduce it down to 25,000. You're paid up. Now you don't have to make any more payments, you have $25,000 left for your life insurance coverage. 702-236-2624 is my contact phone number 702-236-2624 we can together come up with a plan to make insurance life insurance affordable. When that day comes in it comes from all of us. Don't ever think if something happens to me. You know many times I've heard that if something happens to me, I've been in situations where people have come to me and said you know, we've heard your show over the years. Broadcasting. We didn't buy any life insurance. We talked about calling you but we lost a loved one. And we should have called you and it costs us a lot of money just like you say on your radio talk show. You know even people think they can get by with a cremation. Okay. Okay, cremation, let's say cremation costs $3,000. Today on average, but let's say okay, you need to you need a grip, you need a grip, you need someone to put the urn in. That's another $4,000 to put the urn and now you're at your funeral is $7,000. You need money to move the furniture out of the home. You need money to pay car loans and car insurance, or the home you need to sell a home. Take time off from work, get the house rent ready, or whatever you going to do, it's going to cost you money. But your loved ones is going to be the ones that's going to suffer because you didn't act because you didn't say you know what I my this is my responsibility. I need to call Donald Marquez make an appointment. Or we can do it right over the telephone makes it very simple, very easy. We can make arrangements over the phone or off a whole life policy up to $35,000. There's no physical, one page easy application that I fill out. Most people qualify even with health issues, and we get to qualified day one. Now here's the good news. If you do qualify for the $35,000 policy, you're assured day one, day one, you're insured. But if there are individuals out there that are on blood thinners, they have a history of cancer and they've been denied I get that now with those individuals had been denied over the years because because of health problems within less than within the last few years. You've had cancer within the last few years. You you're on dialysis. Within the last few years you have you know kidney problems, liver problems, we can get your policy up to $15,000 with underlying health conditions 702-236-2624 Allah love to meet you 702-236-2624 Now if you just had to have that accidental policy, with the whole life policy, comes an accidental enhancement. Now we can give you the best of both worlds. We can give you an a whole life policy up to $35,000 in cash face amount, you it also builds cash value, and also we can as a writer attach a accidental death benefit as well. Now your accidental death benefit cover As car accidents, this is what I like about this accidental policy. I do not offer accidental only I don't do that. Unless you are a racecar driver or you, you know you're a racecar driver or you're a drag racer or you like to, you know, like deliver Evil Knievel lifestyle and you need an accidental only life insurance policy that may be a little different, we have to talk on one on one on that. But if you do live that lifestyle many people don't. Many people don't if you believe Speed rose or speed raise boats, if you just do a live that lifestyle where you need an accidental, we can get you a large like accidental only life insurance policy. But, you know, day to day people like myself and you guys listening to the program right now, we don't live that Evil Knievel lifestyle. You know, we we look both ways before we cross the street.

Unknown Speaker 20:47
We stop now and make sure that the traffic is clear. We're not racing. And because somebody pulls up to us and the hard drive, or a sports car they want to raise, we don't do that. Yeah, you go ahead, Oh, Mr. hydride, we don't do that. 702 to three 626 24, we can get you a policy that'll help you. So your family will not go into this type of debt. I've had people come to my office, and they're like, You know what, Barry to loved ones. It's cost us well over $30,000, just in funerals, just in the funeral over $30,000. And as a repast moving furniture out of the home, paying utility bills, taking time off from work. You know, some people have to drain the 401k the beggar thy mother, their father, is that fair to them with a young family? Some people are doing you, you know, exhausted savings accounts, to take care of mom and dad. Because you thought about it, you thought about it last week thinking about it. And you know, I talked to my daughter. And she said, Dad, you know, you know, I'm getting up in age, you getting up in age, you know, we need to go over some things. And we are we are we you know, and we just sit down and talk about, you know, what, what I have, and how this can work for you that when I go I mean it because she needs to know, all family members need to know exactly what your life insurance policy is. All family needs to know was the will was the trust, who is the trustee? Who is the beneficiary on your life insurance policy. And let's talk about beneficiaries just quickly here, because there's been many, many times, even the funeral homes, when I go to the funeral homes, I want to know, as I've asked the question, if a person pad brings a policy in, right, they bought me Hey, Mom, this is my dad's policy. Here's my dad's life insurance policy. Okay. But they opened the policy up and they see that the mother was a beneficiary. And the mother died before the bad, but the mother was the only beneficiary on the life insurance policy. But now the mother's disease, there is no contingent beneficiary. And now the dad is disease. You know what happens to that policy? It goes into probate. They cannot use the policy at the funeral. Because there's not a contingent beneficiary. There's not a primary beneficiary, there was only one primary beneficiary that primary beneficiary passed away. And I don't know losing a spouse, I've lost a spouse, I know what that's like. But you do have to go on the, you know, reactive mode. You know, I know you need time to grieve, but you do need to take care of your business. Yeah, if you have a life insurance policy, and you've lost, you lost, you lost your spouse, and you have not put anyone on a life insurance policy as a primary beneficiary. Without a contingent, that policy could go into probate, don't let that happen to you. My name is Don Marquez, this is your insurance connection, my contact number is 702-236-2624 702-236-2624. This is valuable information you could use. Having an insurance review helps you understand this whole process. So your family won't be in a position where you know, we had a life insurance policy we, my dad bought a life insurance buy, we can use it because now the policy is going into probate. The funeral homes can't take their portion out. Because there's no primary beneficiary. There's no contingent beneficiary on the policy. Now, you may have good intentions for free for your daughter or your son or even your spouse, to to be the primary beneficiary. If they're not on there that the put on, you have to put them on there. Now the way you do it, if you've lost your primary beneficiary is contact in the insurance companies that the name of the insurance company, you can Google them with their customer service phone number and ask for a beneficiary supplement beneficiary form that will you could add on a new beneficiary, send it in and now you're set. Now sometimes people lose their life insurance policies over time because you've moved. Things happen. I don't know what happened to my policy, but I'm paying them every month directly out of your checking account right now. Don't worry directly out of your checking account, call the life insurance company and get a duplicate policy. Or they can send you an illustration by way of email. Do not let this valuable information get away from you just you know, sitting around procrastinating and saving yourself you know, one of these days I'm gonna call Dan Marquez, now is the time 702 to three 626 24 702-236-2624, let's stop using excuses. As I said, I want to go out in the heat, you can pick up the phone, we can do everything over the telephone. With the virus, the life insurance companies have made it very convenient for me to ride life insurance now to telephone in the past, I did have to see and see a person but now we don't have to see individuals anymore, I would love to meet you 702-236-2624. Or if we can't meet, we can we can do everything over the phone. Now with the whole life insurance policy. If you qualify for the largest aid the amount of $35,000 or less, you could be insured day one, rates and benefits are locked in for the life of the policy. And you get an accidental benefit enhancement, along with the life insurance. What does that mean? If you die as a result of an accident, it pays it that portion. And it also pays in that that portion of the whole life. So a person would a beneficiary would get reimbursed for the accidental portion. If there's a car accident, he's gonna you're gonna get that person either gonna get 10,000 or $50,000 on the accident, the car accident, depending on the plan they take, and also up to $35,000 in whole life insurance. My name is Donald Marquez, our broadcast right here at K u and v 91.5. Jazz and more Sunday mornings from 8am to 830. hour for auto insurance, homeowners renters, yes, life insurance, boats, and motorcycle insurance or no boat season is right around the corner. People out there on the lake is nice and warm now and it's getting it is going to get even hotter. So more people will be out on the leg of your boat has been in storage. And now's the time to put some insurance on your boat. I can help you with that 702-236-2624 702-236-2624 My Location is on a corner of Sahara and Rancho in the beautiful US bank center our work by appointment. I know some of you adopt the job by but I come in and out my office. Sometimes I work from home, I have the luxury of working from home, I don't have to get into heat, I can do everything from my home, I have Office on my own. But if I'm gonna meet you, I'm gonna meet you at my office, what's down, have a conversation and bring in your life insurance policy, bringing your auto insurance will review it I do not charge you for a review. You should get your policies reviewed, you should have some of human penalties policies for a very long time. I know the life insurance policies are going up on you. And you don't quite understand why I do. I can explain that to you at 702-236-2624 702-236-2624. Donald Marquez, I don't want to be your insurance agent. I've been an insurance agent for a very long time since 1997. Now I'm an independent insurance agent. I started in 2015 as an independent insurance agent. Now I have multiple auto homeowners and life insurance companies that I work with instead of when I was a captive agent. While working for only one company I can only sell that one company's products and services. Now have the luxury of you know, choosing a company for you. And that company is only the only company that will contact you. Well I'm not going to sell you information and you don't take any payments. We set you up with the payments with the insurance company you paid him direct 702-236-2624 702-236-2624 We'll do this again next week. Go outside enjoy this beautiful air. You know in Vegas at night is the best place to be. I don't know where we don't have any mosquitoes we do have them but they don't bite us. 702-236-2624 write that number down keep it passing on to a friend. No keep me a secret 702-236-2624 Everybody have a wonderful day. Until next week. Just keep it crispy. Thank you for listening.

Unknown Speaker 29:30
You ever 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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