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.

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.

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Good morning in Las Vegas and all the surrounding communities. My name is Donald Marquez, and this is your insurance connection broadcasting, and K u and v 91.5. Jazz and more Sunday morning at 8am to 830. Every Sunday morning, bringing you valuable information about insurance. I'm an insurance broker, I've been in the business since 1997. I love what I do, I want to thank the customers that contacted me, and purchase home auto and life insurance and listening to the program right here K, u and v 91.5. Jazz and more. Today, we're gonna talk about reverse mortgages when it comes to having a life insurance policy to cover the reverse mortgage. Now, if you can qualify, I know a lot of you seniors out there has picked up on this reverse mortgage, which I think is if you're going to balance your money and it works for you, that's fine. However, you do build up a negative interest or interest against the current balance of your home. Or if you own your home, and you take money out, you do create a balance, what I was thinking if you do have a reverse mortgage, and you can qualify for the life insurance, why not take out a life insurance policy to cover the reverse mortgage. Because when you have a reverse mortgage, you have an interest rate that's accumulating over time. That adds up. When you pass away to my understanding on a reverse mortgage the last pass now your beneficiaries receive the home, whether it's your spouse or whether it's the survivor, but let's say both spouses pass away, and now they're passing their home on to their beneficiary with that be a child or a relative, or even an institution, okay, because sometimes people will leave their properties to churches that there is no next again, wherever taking out a life insurance policy and making that individual. The beneficiary or institution that beneficiary pays could pay off the loan could pay off the loan for an example, if you own your house free and clear. And you took out $300,000 on a reverse mortgage to compensate for your retirement. And now, if you can qualify for three and $1,000 life insurance policy, you take out that $300,000 life insurance policy, well, let's say even a little bit more than that, because on that 300,000 You will accumulate interest. So let's say you took out 350 to 400,000 on the life insurance policy, maybe we perhaps were looking at a 2020 year term policy to cover the balance and also the interest that's gonna accumulate over time. Now once you have the last of Ira diseases, now that $400,000 life insurance policy can be can pay off the balance of the loan. My name is Don Marquez, this is your insurance connection. My contact information is 702-236-2624 702-236-2624. I just talked about it. You know, I was talking about it with a good friend of mine. Her name is Sheila Smith, she's a loan officer here in Vegas. And she was talking about now she's doing reverse mortgages NHS came to my mind, why not have a life insurance policy to offset the reverse mortgage? I mean, I think it's an idea that can circulate the conversation that you can have with your family members, hey, we have this reverse mortgage and why not cover it if you can't afford to cover the full loan amount cover half of it or maybe even a fourth of it. That way when a person does receive your home, they can pay off some of the interest or maybe even some of the balance 702-236-2624 My name is Donnell Marquez I represent multiple life insurance companies. Well known well known companies Prudential Mutual of Omaha, Lincoln heritage Life Insurance Company Transamerica just to name some I can help you there's no fee to come see me if you want to sit down ahead of life insurance review. There's absolutely no fee unless you purchase a policy now when you purchase a policy, the life insurance companies or auto home because I do offer those products as well. They compensate me so there's no obligation for you to come see me some people that sit down and first thing they want They want to know when they come to my office is how much is this phase going to cost to, to see you no cost at all. Once you purchase a policy, then the companies compensate me as a way of of my commission, the only obligation you have is pick up the phone and contact me at 702-236-2624 We'll make an appointment. You know, I call you ahead of time to confirm the appointment. You come in my office at the US bank center located on the eighth floor, right on the corner in the heart of our beautiful city, Las Vegas, Nevada, Sahara, and Rancho. All roads lead to Sahara and Rancho. It's across the street from the palace station Hotel and Casino, US bank center, I'm on the eighth floor, I work by appointment 702 to three 626 24 that this is a good way to have, this is a way to have that protection you need. And now that you can afford the policy because now you have no house payment other than your taxes and insurance. Listen, I do not offer any type of mortgage insurance mortgage at all, I don't offer any mortgage. But this is a way to protect your mortgage, not through a decrease in mortgage policy. I know when you first purchase a home, you get a lot of these

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items into males. And you know we can offer you a term policy. But some of these term policies and making the mortgage company beneficiary decreases the face amount as time go on, as time goes on the face amount could decrease on a decreasing term policy. I don't I don't offer those policies, because now you making the mortgage company, the beneficiary. And also as the mortgage goes down also does the face amount of the policy, let's give the full benefit to the beneficiary instead of the mortgage company and less than let the beneficiary make these decisions. What they want to do at that time in need. Now we all gonna pass away. It's just a matter of when we don't know when I wish I did know when because it will make my career a lot easier. You know, you don't you only have a few years live or you know, yeah, well, less than 10 years to live, then you got to pick up the phone and say I need to call Donald. Without a mortgage payment you can afford a life insurance policy. Don't wait. You know when people say they want to wait hours ask the question, what are you waiting on? Haven't you waited long enough to purchase a life insurance policy. It is a lot of responsibility for someone to have to take care of your final expenses. Regardless of who you are, where you live, and what property you own, or how much money you have in the bank. If there's no transparency there, there's no way to transfer funds or transfer assets to an individual. After you are deceased, what is going to happen to your estate, it could end up in probate. I mean, there's a lot of moving parts, have the conversation with your loved ones. This is very important. This is about financial obligation that you have towards your loved ones, your loved ones going to be devastated when they lose you, regardless of a mother or father or grandparents, no matter who it is in your family. And you know, the younger you are don't think it cannot affect you. It happens to everybody age, when it comes to death. Age does not discriminate it, it doesn't discriminate it takes that takes us all at certain ages, young, middle age old I mean it just doesn't matter. Have the conversation. You know this is very important because someone is going to be in charge of your final expenses. You know, they don't have time to grieve because now they have to go in reactive mode to take care of the very expensive, you know, that you have to pay for. And just don't think that cremation is a low cost way to get to you know, to get buried. Cremation does cost money that costs money. Also, you're going to need at least I would say at least 10 death certificates not everything, you know, two or three death certificates is gonna get the job done, you need at least 10 of it, especially if you need to send out original death certificates to the to the to your job, perhaps to get your 401 K retirement, if that's available, or you need a original Death certificate to the mortgage company, the banks, credit card companies. So these death certificates when a person passes away, and getting more than just a couple of a few death certificates because you're gonna need a lot more than that. Now that I don't know what the death certificates charged, they do take a little while to get the death certificates to my understanding. Here in Vegas, you can go to the health department and get a death certificate but even to file for your life insurance benefit. You may need a death certificate. They're available through your funeral homes of your choice. You can order them through the funeral home when you make an arrangement get those densities get more than three because a lot of times you need more than three. That means that they may be medical bills, credit card bills, debt, car payments, mortgages, all those bills still will come in. Even your utility bills will still We'll come in with it without you here. 702-236-2624 702-236-2624 Life insurance is a gift of love. It's telling your family members that I do care about how I leave you financially. It does. So many families are today are devastated. Their you know, their their homes going to probate because no one had the conversation, hey, you know, I own this house, I own multiple properties. But nobody's on my deed or I don't have a wheel, I don't have a trust. I don't have a life insurance policy. I have money in the bank, but you can't access the money. Because I didn't put you down as a beneficiary. These are things we need to talk about what are family members in my office, I've been in his businesses 9097 I've heard a lot of stories coming in my front door. Stories that even break my heart. You know, people say, you know, I heard you talk on the radio. I've known you been in the business for a very long time. I've lost several family members. And you know, we've not gone through this devastation anymore. It financially puts us in a tough position to financially pay for the funeral, but also pay for the final expenses. And those final expenses can be medical bills, credit card bills, a mortgage. And we talked about reverse mortgages. If you do have a reverse mortgage, how you can just take out a life insurance policy, if you can qualify for the life insurance policy to offset the cost of the reverse mortgage. And now you can afford it because you don't have a mortgage 702-236-2624 702-236-2624 Allow me to help you better understand insurances. I specialize in life insurance. I do offer auto insurance, homeowners, renters boat and also motorcycle insurance. The weather's getting cleared up in Vegas. Hopefully the winds are behind us a little bit. Happy Mother's Day to all the mothers today. You know, Mother's Day is every single day of the of our lives. We honor our mothers every day, whether it's my grandmother or mother, even step mother's, well, you know, mother's always going to be there. So it's your shoulder to lean on. So yeah, hey, guys, I hope you didn't wait to the last minute you get those gifts for Mother's or even get that gift card. Don't try to go out on Mother's Day and try to get a gift card the racks will be empty. Well, I've lost my mother years ago back in 2011. But I've still put flowers on her grave and for Mother's Day. And also I lost my wife back in 2018 to cancer again, and she's also was a mother. But as she still is a mother I should say. But you know, I put flowers on her grave and also my mother in law's gray. And you know, it's just honoring your mother any way you can on this very special day. But every day is Mother's Day. I try to book reservations on Mother's Day, forget about it. But Father's Day, no problem. On Father's Day, you know, you know you we like to sit back in the backyard, put something on the grill, maybe watch the game and just relax. You can go to any restaurant without reservations on Father's Day. And you know, fathers, we don't want much, we just want a little of attention. Just give us a call and say hey, you know what, thank you for thinking about me on Father's Day, or just go by and spend some time with your dad or your grandfather. My name is Don Marquez, this is your insurance connection. 702-236-2624 Happy Happy Mother's Day to all the mothers out there, who listening to this program and all the mothers in our beautiful country and all over the world. Mothers have very, very special speaking about mothers, mothers are the ones that contact me more than so than men. I receive about eight out of 10 calls will be from women, women will contact me about their finances, in the household about the life insurance, about the car insurance, they want to see if they can save money. And maybe the women are the head of the finances in the household. It seems that way to me. I was ahead of the finances in my house. So but it's odd to me that so many women call me more women call me the man about final final expenses when it comes to life insurance. You know, eight out of 10 calls that I received for an appointment will be women. Women call me they'll come in with the policies if they have a life insurance policy, or they'll try to drag their husbands in and it's sometimes the it's a fight for the husbands to even take up the conversation about life insurance. Why not? Why not? It is our responsibility as men to have security for our families, whether we're here or not. It is a very important conversation to have. And don't just say you know, I don't want to talk about it. You should talk about it. Because it's very important. What is your family supposed to do? You can leave your family home or you can leave them devastated. I'm talking about the men and women that leave their families behind what a financial burden. I've seen it all the time. I see it all the time in my business. And it's sad because sometimes these individuals do have financial resources, but no one can get these financial resources. And here's another thing too. I've talked to people on insurance reviews, where they have the young children under 18 as primary beneficiaries, under 18 year old young person, as a primary beneficiary, if you pass away of ever premature passing, you must understand the money is not going to go to that 17 year old or even three year old person, you have $100,000 life insurance policy, they're not going to write a check the life insurance companies will not write a check to a five year old, they won't do it, they won't do it. And when that five year old turns 18 years young, that's when they're going to write the check no matter what the face amount is. Now do you treasure 18 year old 18 year old young individual with all that money at one time tax free benefit. Now when you do receive a life insurance benefit, you don't have file that on your taxes as additional income. It's like saving money. When you purchase a life insurance policy. It's like you're buying money you buy in money at a low cost. And most cases you will put less money in that Mo Money will come out. So in other words, like the face amount of a life insurance policy, you may never equal the amount you put into the policy versus the face amount. We do it all the time at your insurance connects and I represent well known companies again i Transamerica Prudential Mutual of Omaha, Lincoln heritage Life Insurance Company. And the reason why we purchase life insurance. Because what have you do have a little savings, it's additional money on top of the money you've already saved. Now with a life insurance policy, it can take care all the final expenses, it can take care of the plot, it can pay for the plot, the full funeral, the repass, and bills that you may leave behind car payments, more mortgages, and you know, money to survive on a day to day living. It takes care all of that your savings can be easily depleted in a matter of a short time. Although you've you know, I've saved also I've saved up 50,000 to $100,000. How long would that last? How long will it last? How long can your spouse last over $50,000 in the bank savings, that's fine. But how long would that money last in today's economy $50,000 used to be some money back in the day, it still took quite a bit of money today. But okay, on average, if you if you live a lifestyle of $25,000 or more per year, that's only two years on $50,000. Or if you use a $50,000 a year salary that's only one year, or if you use a 75 $200,000 a year salary, that's less than a year, maybe six months at most, your finances will have a drain right away a life insurance policy was substitute for that financial loss, I can help you we have multiple options. At your insurance connection. I'm an insurance broker only represent the company that you select the company that we select together. That's the only company that will contact you about your insurance concerns. In other words, when you sign up, or we select a company that is the only company that's going to contact you, when you go online and put all your personal information online, you opening a can of worms, you're going to receive a lot of phone calls, you will get very frustrated with this whole process but you set yourself up. You did this to yourself. When you go online, it opens up doors for predators to look at all your personal information. I don't trust that online information. That's way too much information. I only share your information with one insurance company. And that information is a secure website that we use at your insurance connection to connect with the insurance companies to get all your information. They are the only ones that will receive the information they will contact you will do a phone interview, then set up a paramedic to come to your home no charge for you to take vitals, maybe even body fluids will pull records from your doctor at no charge to you will pull medical records. All this information will now go to the underwriter the underwriter will make the final decision on how much life insurance you can get 702-236-2620 470 to 236 2624 is a seamless process. And once people do get a life insurance policy, the first thing they tell me we should have did this a while back when we as a lot younger because the older we get the more than life insurance could cause so waiting is not a real good option. I asked you and I asked you again and again. You What are you waiting on? The life insurance policies are based on your health and your current age, we can write you a life insurance policy from day one to yours 85 years young. Let me say that again, from day one to 85 years younger, there's no reason not to have a life insurance policy. There's not even if you have a lot of money in the bank, and you have assets, you may even have death taxes, with all your assets. Think about it. When you accumulate wealth, there could be death, taxes, the pain, and now you have an option that your beneficiaries have options to pay for those deaf taxes, you know, that money will go a long way. But if you don't have any type of life insurance policy in place for your loved ones, what they're going to do, they have to go out and borrow money,

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you know, run up their credit cards, take money out of their 401 K fly from out of town, you know, it puts them in a unique position to to go into financial debt. The average debt in this country with a loved one is left behind is about $60,000 in debt. Is that fair to your family members to put them in that type of debt $60,000 in debt, and maybe there's just a young family starting off with their own bills, you know, and now all of a sudden, you know, I lost my mom and my dad. Now I have to pay for funeral services. I have to pay for a mortgage, I have to fly to town, an airline ticket, a funeral. I mean, the cost just keeps adding up. Your average funeral today is about $15,000. And I'll say this again on most of my shows, if you're a veteran, no thank you automatically covered. Now you you are covered for the plot and Boulder City Cemetery. Now you are covered there. And if you're listening to this program, and you another state check with field cemeteries will offer veterans a free plot. Now a free plot will take care of the opening and the closing and also the headstone. If you're a veteran, but you know, you want to make sure your family members know what your DD 214 Is your honorable discharge that does help that God does goes a long way. put a package together, put a package together, have your life insurance, your Will you trust all your financial information, have instructions for your beneficiary right there and have the conversation with your family members and tell them listen, if you don't want to talk about it, we need to have this conversation. He has all my information in a package. When that day comes and they'll say if something happens to me, I get that a lot. If something happens to me, like you're gonna live forever, and you're not and I want you to be around for a very long time. But financially we need to secure that time when that time comes for all of us. So have you packaged together have you will, your life insurance policy, your trust, whatever you have your bank information, your car information, your mortgage information, list it all down now, if you have a mortgage and you're getting a little sick, or you may have dementia, Alzheimer's, or starting dementia, Alzheimer's or if you have a parent with or grandparent dementia, Alzheimer's, you need what we call a POA to protect your loved one. A power of attorney we can help you with that we have a Christine Benard as a team member on your insurance connection she can help you to get a power of attorney to so you can speak on behalf of your loved one. You can send the power of attorneys to the mortgage company. You can send the power of attorney to the banks they will honor that and help you along this process. But you cannot wait till your loved one is has passed away. You need a power of attorney before that. We can help you with a power of attorney at your insurance connection with through Christine Barnard. She's a legal person. She is a paralegal she's not an attorney. And she can also help you with a speeding ticket if you receive a speeding ticket. She can help you get a reduced down to a parking ticket. My contact number is 702-236-2624 702-236-2624 My name is Don Marquez. This is your insurance connection we broadcast radio, K u and v 91.5. Jazz and more 8am to 830 every Sunday morning again, Happy Mother's Day to all the mothers out there in our beautiful city and all across the world. Happy Mother's Day mother's very special. It's a person you can talk to about anything. I mean mothers I miss my mother every single day I think about our daily especially days like this. Think about Mom I could be over at mom's house and she'll be cooking a big dinner because she instead of taking her out she wants to go out there she wants to cook but you know those are special times and and now I have special memories of my mother ani if your mother's around today. Give her a big hug and love them. Love your mother you know check on your parents, your grandparents from time to time. They would love to hear from you. My name is Dawn Marquez. 702-236-2624 is my contact number. I've been in insurance eight Just as 1997 I love what I do. I love to meet you to go over all your insurances we offer auto insurance, homeowners insurance, yes, life insurance, boat and motorcycle insurance, you know that this is a time of the year when you want to take the boat out is is beautiful out there on the lake and also take out your motorcycle. People are riding motorcycles, and when you see the bikers on the road, you know, and if they are riding safe because I know some of the bikers out there, don't ride that safe. I see him speeding cutting through traffic. That's a little dangerous, but it's a lot of bikers out there to do ride safe information don't cut into their formation, because they're riding safe. If you need to get over, you know, a return on your blinkers. They'll let you over or just let them pass you so you can move on over I ride motorcycles. That happens quite often when people want to cut through the bikers because they need to get off and exit quick. Just signaled to the bikers to let them know you want to move over to get in the fire the right hand lane and they'll they'll move over for you. My name is Dawn Marquez, that's a little tip for today. You know if you cannot afford or qualify for the larger life insurance policies, we do have a smaller policies up to $35,000 in coverage. It is a whole life policy with benefits that up to $35,000 there is no health examination to apply for just 12 easy questions a yes or no answers. For example, do you smoke yes or no? Do you have diabetes? Yes or No? If you've been turned down for life insurance do not give up. I have a lot of options. 702-236-2624 702-236-2624 your family needs this saving protection. They really do. There's many times when I talked to people that own these funeral homes a funeral directors you bring in the accidental only life insurance policy. It only covers for accidents. Accidental only means accidental only. There's not going to cover foot if a person passed away of natural causes. It just doesn't. So it's good to get rid of insurance review. Let's review your policies to make sure you don't have an accidental only life insurance policy. Or if you're experiencing your life insurance is going up and every year is going up now you really need an insurance review. Because you may find yourself you cannot afford the policy or your health can change or now you you at that age when you cannot get life insurance. 702-236-2624 702-236-2624 is my contact phone number. My Location is on a corner of Sahara and Rancho in the US bank center. I'm located on the eighth floor love to talk to you come by to work by appointment again. 702-236-2624 enjoy this day here in Las Vegas Nevada. lot going on we have Mother's Day the basketball games I love to watch basketball the playoffs are on and then you don't enjoy this beautiful day and you know huggy Mother, give her a call if she's in another state tell her how much you love her and you know and joy this program. We have many other programs on Keigwin v 91.5. Jas and more. Enjoy the music we have a Monique Buchanan she comes out she talks about real estate and you know getting that dream home or whatever you need to do to you know get that house so she can help you step by step keep it tuned right here it K u and v 91.5. Jazz and more. Thank you for listening. We'll do this again next week. Until then, 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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