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. My name is Don Marquez, this is your insurance connection. Welcome to another edition. Your insurance connection right here at K u n v 91.5. Jazz and more Sunday morning from 8am to 830. And I just love coming into the studio and talking about insurance. That's my that's what I do. That's what I do for a living. I've been doing it now for 27 years. Wow. 27 years, where has the time gone? I remember when I got I took the test for the state exam. And right in the state of Nevada. And I had to score 80%. In every category, there was four categories, the laws, of course, and also the property and casualty, and life and health and I had to score 80% In all four categories. And today I hear 70% in all categories, I guess they need insurance agents as your made it tough for us. Well, we're going to, we're going to class back in the 90s. However, you know what it gave me a wealth of knowledge, wealth, beds, education. And that's why I'm sharing this to you with this knowledge that I have I shared with you every Sunday morning, from 8am to 830, right here at K u and v 91.5. Jazz in more My name is Donald Marquez or you can call me Don Marquez, my contact phone number is 702-236-2624. Again, 702-236-2624. And I definitely want to thank the listeners that came in with your appointment time to purchase home auto and life insurance. You know, people come in and say, you know, I heard you I'm on my way to church, most of you on your way to church, when you hear my broadcast. Thank you so much. And they said I heard your show and I've been hearing yourself for quite some time. And now it's time to call, make an appointment and sit out now I do not charge for my appointments. For my consultation. Even if you don't purchase any life insurance, homeowners auto insurance, do not charge. Our lady came in an app and several of you come in and the first thing you want to know, is there a fee there's no obligation at all whether you listen to the Kagan V 91.5 or not. If you pass my noun, my name on to a friend has never heard the show before. I do not charge a fee for consultation is absolutely no obligation. But what I enjoy doing is going over your current insurance products you have your home your auto and yes your life insurance to make sure you are properly insured. Now we will compare rates if I can save you money on the auto insurance, and I definitely try hard to upload the policy and the insurance companies. They compensate me they compensate me where anytime I upload a policy when you purchase a policy. That's how I get received my Commission's by way of the insurance companies now people have asked Is it more money with an agent? No, it is not. It's the same price with or without an agent. The benefit with an insurance agent is that you have someone you can talk to you have a counselor, you can call me at 702-236-2624. And I'll go over your current car insurance is your homeowners insurance, your life insurance. Now preferably with your life insurance. I need to read the contract a lot of different contracts out there for life insurance. I just cannot tell you over the phone, what your life insurance your current life insurance is. Now if I sold you a life insurance policy, more than likely I will. I will be familiar with the policy and I said more than likely because I do talk to a lot of people and I do not have access to your life insurance policy only make minimal changes on your life insurance policy. You would need to bring it I do not have a copy of your policy and if you haven't purchased a life insurance policy from me or an auto insurance policy for me it's very difficult for me to go online and review your information is almost impossible. Now with the auto a little bit how Ever with the life insurance, I cannot review any your policy information online it kind of tell you what you have. If you don't know what policy that you have, or you don't know what the policy is, if you don't know what your life insurance policy is, contact your life insurance company, you should know the name of the company and tell them soon send you a duplicate policy, they will send it to you sometimes they do charge a minimal fee up to $25. So expect that up to $25 They'll send you a duplicate policy or you can ask for the illustration in illustration doesn't cost anything. They can email you the illustration, no fee for the illustration it let me say this, it should not be a fee for the illustration. For more information. Again, my name is Don Marquez, this is your insurance connection. 702-236-2624 my location is right on the corner of Sahara Rancho. In the US Bank Center, located on the eighth floor now where's the bank center it is right across the street from the palace station Hotel and Casino to all brown building you can miss it has US bank on the top. I work. My business hours are Monday through Friday, from 10am to 5pm. And some Saturdays I will work just in case you nine to fivers out there you can't come in. And during the weekday. Of course you're going to call me and set up an appointment. And I'll make it happen for you on a Saturday. I do not work on Sundays. But because I want to do what you're doing on the Sunday enjoy today. You don't watch football football is on basketballs on and joined the sports activities that we watch on television come on rate is what are you do it? The Raiders I almost as through my TV, my television almost picked up my big screen television and threw it out the door. Monday night I was so I'm not gonna get into that. Come on Raiders, maybe we need some of the aces on the Raiders team. I don't know. They they're winners. Now the Raiders are winners too. But I don't know what's going on come on out, we could do better come on Raiders, a lot of pressure with the Golden Knights and an Asus. They put a lot of pressure on the Raider. So I think we'll be okay, this is gonna take a minute, but we're gonna be okay, I'm gonna get back to wire me in the first place. Talking about insurance. With a life insurance policy, we can you can select the due date between the first and the 28th of each month. The final expense life insurance policy payments methods are monthly, annually or semi annually, you could pay him or even quarterly if you'd like, we take the money directly out of your checking account. And and the company takes us to say the company takes the money directly out of your account. And I mean, and you might we make your monthly payments affordable when you do take out a life insurance policy. And I've heard many of you said, Well, you know, I'll let the policy lapse. When you talk to me. We don't we do not let the policy lapse. We want to make sure the policy stays in force. You know you bought a policy, do not throw your money away. By letting it lapse when you let a policy lapse. Just think about all the money you spent on the life insurance policy. Now if the policy is not right for you, then we're going to surrender the policy and get you a policy that better fits your needs. Now not all policies will work. There are certain policies you probably shouldn't purchase. I had a call gentleman asked me about a policy 75 years on should he get term? No, not a 75 You need a you need a whole life policy is 75. You really do now because the term policy is 75 is a short term policy, maybe 10, maybe 15 years, but the price is going to be expensive at that at that rates because the term policy start at 100,000 and up if you don't need 100,000 And up life insurance policy, if you looking for life now if you're debating toward you know, should I get a burial policy? Or should I get a final expense life insurance policy? Let's make the comparisons. With a burial policy. You go to the funeral home and it's called a pre need a pre knee package. If you're not terminally ill and you only have less than 12 months to live. That is a good option for you to go to the funeral home and make your final arrangements. If you have less, less than 12 months to live. Yes, you need to go make funeral arrangements. However, if you have more than 12 months to live and most of you listening to this program, do we have a life insurance policy to cover your final expenses? final expenses what is that? You know the cemeteries or the funeral homes they all work together? They know when that day comes in, it comes for all of us, we are going to need their services, our family members is going to utilize their services. And now when they when, when that day comes and it comes for all of us, you have to ask yourself, are you going to leave your family in a better financial position? Or are you going to hinder their finances? Or? Or is their finances going to be a total disaster? Especially husbands and wives? You know, they're long gone on the days of WoW, housewives, there's almost no more housewives, very few out there. Now, maybe a few of you out there. Because, you know, daycare is very expensive these days. And I can understand that, but just think about it. If you lose your husband and your house housewife,

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and you have no income coming in, he has no life insurance, you have you young children at home. How are you going to live, how you gonna survive? You know, we do have a policy for younger younger members that are listening to this radio program. We do starts at 100,000. And up, and I encourage you, for every child you have, you should have $100,000 worth of life insurance. But let's say you're a little older, you retired you when you lost your benefits when you retire. Now you just want something, a burial policy, so you won't have to have your family taken out collections, asking people for money to bury you or to cremate you. Think about it. It all costs money. And I'll say you don't care. You know, I want to think about it and talk about it. You know, you should the holidays are coming up. You know, Thanksgiving is right around the corner, we just wrapped up Halloween. I hope everyone had a safe Halloween. But now Thanksgiving is coming up family members get together. They sit down and II they you know, and then watch games. And that's a perfect time to ask your relatives? Do they have life insurance? If they do have life insurance? Who are the beneficiaries have a family meeting from time to time? It's good to have a family meeting to say, You know what, we need to discuss who has life insurance? Who doesn't, because I think it's unfair for you to have to pay for someone else's funeral, when they had every opportunity to contact me and purchase their own funeral services. Now I have had people come in my office and tell me if a person doesn't have any life insurance, no, no way to pay for their final expenses. You know, they're not going to pitch in. And I've had family members in my office, you know, have conversations that listen, if you don't buy life insurance, I am not going to pay for your funeral. And I've had people talk to their parents, their grandparents in my office to say, listen, we're here to get a policy for you. And I know this is an uncomfortable conversation to have, at times. But it's an easy conversation to have. Because I said but like I said earlier, the funeral homes and the cemeteries Oh, they work well together. Because when you go into a funeral home, and you only go to a funeral home for one reason, for one reason only, because you have to bury a loved one. You know, you have to bear a loved one you have to take Oh, you know, so let's compare. Again, let's compare a final expense to a premium package at the funeral home, the premium package at the funeral home. Sometimes when you buy those premium packages, they put life insurance within their pre need package. In the Premium Package, you're going to pay it often from anywhere from six to 10 years. Now the rates of the Premium Package is going to be three or four times more than it will be a for life insurance policy. A life insurance policy is a tax free benefit, regardless of how much money you receive from a life insurance benefit. Tax free when you purchase a premium from the funeral home. When you pay him for your your funeral plan. There may be taxes after your funeral. So your beneficiary may receive. I get a tax bill for 70 $100 What is that? Because they charge taxes on the casket, the land, the headstones, the flowers, everything, everything is in your premium package is taxable. And at the end of the ceremony and money you know few weeks later, all of a sudden now your spouse or your loved ones may receive a tax bill they have to pay and they have to pay it with a life insurance policy. Compared to a pre money from the funeral home and you do have and you have time on your side to purchase. A life insurance policy

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is a tax free benefit. You're going to receive a million dollar life insurance policy there's no taxes on a million dollars, life insurance policy tax free benefit. One of the few tax free benefits we have now with with the life insurance As policy compared to a pre need life insurance policy, a whole life policy does build cash value. Okay, it builds cash value. Another benefit, the benefits are paid in 24 hours with a death certificate. Now if you don't have a death certificate through Lincoln heritage life insurance company, they will advance you up to 80% at time of need, at a time of need 80% of the face value of your life insurance policy will be forwarded to the beneficiary to take care of those very expensive final expenses. Understand this when the funeral home, when you go into a funeral home with a life insurance policy, they get the money from a third party, that third party will charge up to 10% maybe even more, to borrow money to pay for the pre need would they do they take your life insurance policy and collateral? So they say okay, well you have a life insurance policy. First of all, they're gonna make sure the policy is not accidental only, and you pass away from natural causes. And they also want to make sure the policy is active. Now, if you've had a lapse policy, within the last one month, there may be an opportunity to get it reinstated. You can contact me for more information at 702-236-2624. Sometimes you can't get these policies reinstated. They call it redated and and especially if you lost a loved one I've had people contact me, they lost a loved one policy lab three months, were able to have the individuals pay the back premiums to to get the face amount of the policy again, the number is 702-236-2624. That works within 12 months, depending on the contract the way it reads all contracts are different. But if you lost a loved one, the policy lapse when they passed away. Now there could be recovery on the face amount of deposit within the first 12 months. Now if it's over 12 months, well, we can recover. But you may have to pay all back premiums when unlikely you will pay all back premiums to get the face amount of the policy. Again as a whole life benefit. With a life insurance policy. If you need money for any reason, you do have a cash value, asset. cash value asset you can borrow money from and in case of emergency or you may have an emergency where you know you have some logical problems you you know there's money right there. Or if your car breaks down, there's money right there and your and your life insurance policy not in a pre need. There is no money to borrow in a pre meeting, you got to spend the money. Let's spend it wisely, a pre need is going to cost you four to five times more than a life insurance policy. Put your money where it counts, put your money in a life insurance policy, it is your better option. If you have more than 12 months live, if you're healthy and you have you know if you have a little few, a few health issues, let's say diabetes, or you have lupus, a history of cancer and you've been denied for life insurance. Do not give up I can help you at 702-236-2624 My name is Donald Marquez, this is your insurance connection, my office located on the corner of Sahara Rancho. In the US bank center, I work by appointment 702-236-2624 No health examination for a whole life policy up to $35,000 in benefits, no health examination to apply just a few questions I asked. And it's a one page application that I see that filled out you just sit there relax, put your tray in upright position, put your seatbelt on and just enjoy the ride. I mean it's it's just that simple. The only thing that you're going to do is answer yes or no to the questions and after we're done with with filling out the application and getting you qualify for the final expense life insurance policy. You'll you'll give me your Give me your hand I'll put a pin in there and you sign the application that's it that's all the work you have to do. Any application rates and benefits are locked in for the life of the policy in other words, it to age 100 your rates and benefits are locked in for the life of the policy. We all going to pass away one day Do not think this doesn't not not apply to you. Now if you don't have life insurance or you just have life insurance on the job let's talk about that. Now with your job insurance if you're paying for it you know some people say well you know I get a job insurance and you know, I'm gonna see what it offers. Yeah job insurance offer you never so you the policy. There's no cash value in you and your job policy. And only pays may pay three times your salary. But what happens when you retire? What happens when you retire? You lose all those benefits. The group wants to stay young. Now when you retire you're getting older every single year. But the group wants to stay young at work. So when you leave your your career, they may or may not offer you benefits once you leave. But if they do offer the benefits, once you leave your career, then the rates are gonna go up on you. Because as you age, the rates must eight adjust. That's called a flexible life insurance policy. I don't believe in those I don't like those, I don't sell those where your premium is, is as flexing as you age. In other words, there's going to be a upgrade every year on your anniversary, and your premium is going to go up. Now you can reduce the face amount, but eventually, the rate is going to be very expensive, what you can or cannot afford them. I had a young lady call me. And she said she has short term is ending. And you know, what can she do as well, now's the time to come in. Let's sit down and do and have an insurance review. We can go over your current insurance policy. Let's go over your current insurance policy, you must bring in your policies that can now pull them up online and show you your options. Now if you want to continue to turn policy, I suggest at certain ages term should stop. Have you got a certain age if you're new 70s I don't think term is a good option for you. Because there's a good chance you may out live your term policy. Now you without coverages now don't feel like okay, I pay you for this term policy for all these years, and the policy turned out and I lose everything I have no cash value and the term policy which you don't. But what it what a term policy. basic function is, is to offer a lot of life insurance for low cost. In other words, you get in a lot of a lot of policy, high end high dollar policy, for low cost look at it you're buying instead of you have a $300,000 life insurance policy. And your premiums are only less than $100 a month on a $300,000 life insurance policy. Now, if you pass away within a term, of course, the life insurance company will have to compensate your your beneficiary by paying your beneficiary or your beneficiaries, tax free money. All right. So that's what it does. It pays out the premium, though it pays out excuse me, it pays out the face amount of the policy during the term period if you pass away within that time period. But don't feel like you know what? Now you outlive the term period. And your policy is over. And people feel like oh, you know, that was a waste of money. No, it was not a waste of money because you were insured during the time. Let's take for an example your auto insurance policy. If you've been paying on your auto insurance policy for many years, and you decide to go to a different auto insurance company with no tickets or accidents, right? Do you feel like well, you know that money was wasted? No, it protected your liability. The same thing with life insurance is going to protect your liability. Life insurance is a good tool to have for your family because you're going to need this your family is going to need this money. You know, the burials today is $20,000 up to $20,000. And even more, you know, I know people that get headstones, $50,000 headstones $50,000 for a headstone. And I've heard many stories be Oh, yeah, but I guess I was $50,000 because we you know, all our family members are buried in the same location. You know, again, funeral homes and a cemetery they work together. And now at the cemetery, you have to put the loved one that's in the casket in a vault. And that's extra, the extra three to $5,000 so it keeps adding up. And no one thing you know, there's no sales and life insurance. The older you get, the more it could cost you if you sit around and kick the can. And yeah, you know, I'm gonna wait and waiting is a bad option when it comes to purchasing life insurance. But you know, when it comes to purchasing life insurance, now is the time to act. Don't Don't procrastinate. The holidays are coming up. If you want to give somebody a nice gift, I just I just bought a life insurance policy but Donal Marquez, I made you my beneficiary Merry Christmas.

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That's the gift that keeps on giving. Admittedly one day is gonna give eventually one day is gonna get and when it does give, you know that person is going to be very happy. They don't have to, you know come out of their pocket to pay for these very expensive final expenses. Now what are final expenses, the funeral big one, the cemetery you know, big one. Maybe have to pay for a car insurance, car payment, house payment, my rent, move furniture out of the house. These are all final expenses close out credit cards. You know, these are all final expenses. Move the furniture out of the house, do something with the clothes. These are all final expenses, utility bills, final expenses, the landscaper to come out and cut the grass and final expenses. Someone has to pay for all that and then you might have to take off time off from work, you may have to fly from out of town. These are expenses that you will incur with without any life insurance, and it's gonna cost you more money than you realize. In the United States, when a person passes away, they pass on about $60,000 in debt, about 60 grand, that's a lot of money. That's a lot of debt for you to absorb. With no life insurance. My name is Don Marquez, my contact phone number is 702-236-2624 702-236-2624, we'll find a policy that will fit in your budget, you know, and all people, all my customers, when they leave my office, the first thing they say after purchasing a life insurance policy is that I should have did this years ago. And I have relief. Now I got this, you know, and let your family members know they are the beneficiary. One of the biggest things that I tell people over and over again, if you lose your beneficiary, you have to put another beneficiary on the policy. But don't be shy about telling your loved one. They are a beneficiary. I've seen policies, applications that not nothing and I've written Okay, I just want to say that they have the primary beneficiary 50% and the contingent beneficiary at 50%. That is filled out incorrect when it comes to the beneficiary information and it has to be filled out correct. Now, if you have more than one primary beneficiary, you can put those primary beneficiaries as long as as up to 100%. If it's three beneficiaries on a policy, one is going to be 33 and other one is going to be 33. And another one's gonna be 34%. To add up to 100%. Or if you have two beneficiaries. Now they could be 6040 5050. However you set it up, the contingent beneficiary is held in position. If the primary beneficiary passes away before the insured individual, the owner of the policy passes away. So if the primary benefits, let's say husband and wife, for example, the husband is a beneficiary on the on the wife's policy, he passes away first. Now the wife doesn't have a contingent beneficiary or if she does have a contingent, contingent beneficiary, the contingent beneficiary automatically moves up into primary position. Now, if you don't have a contingent, you know, you need to find a primary beneficiary and call your company. Ask your company to send you a beneficiary form they'll have they'll send it out to your home address, fill it out, send it right back in no obligation for that. That's 702-236-2624 that's News You Can Use. There's many times when people don't fill out this information. And when people pass away, it's a mess. It's a complete mess. Christine Benard. Another team member of your insurance connection, she helps you with the wills the trust the promissory notes. If you receive a speeding ticket, she can get reduced down to a parking ticket if you haven't already made arrangements or paid for the ticket 702-236-2624 My name is Dawn Marquez. This is your insurance connection. I want you guys to get out. Take a walk today the weather's perfect. We are in the 70s I love this time of the year. I can't do the summers anymore here in Vegas is too much heat. But this time of the year. You can get out walk. You can enjoy your backyard without burning up. You can do a lot of a lot of things and garden in the yard. Just enjoy yourself you know put some on a grill. Watch the game have a good time and have one oh me. My name is Dan Marquez, this is your insurance connection. 702 to 362624 702-236-2624. We'll do this again next week. Until then, just keep it crisp. Thank you for listening

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