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We talk about saving money on auto insurance, homeowners insurance, and - yes - we talk about life insurance!
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This is a kunv Studios original program.
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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. Donald Marquez, on your insurance connection, we talk about saving money on auto insurance, homeowner's insurance, yes, and we talk about life insurance. Welcome to the show you. Good
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morning. My
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name is Donald Marquez. Welcome to another edition of your insurance connection broadcasting right here at Public Radio, K, U, N, V, 91.5, jazz and more. Sunday morning, from 8am to 830 Welcome to the show. Yeah, don't, don't, don't. Change the town. Turn me up. I'm a licensed insurance broker. This is what I do. I come on the air to educate you about insurance. This is an insurance education program. Been on the air over here at K, u n v, we're going on two and a half years, almost three years now. So you know, buckle up, get your favorite beverage, and let's talk insurance. All we need to know before we get started, just want to send my condolences to to the many famous people that recently have passed away. I mean, only two weeks ago we had James Earl Jones, Frankie. Frankie Beverly, and we have this week. Chris Christopherson, John Amos mutumbi will come Mutombo, I hope I said his name right? McKim Bay, mutumbo, he was a basketball player. Think he was like seven foot two or something. He was tall. He was known for blocking shots John Amos, if you don't know who he is, he was the father on the good time Show with Jimmy Walker. And he also played on coming to America. He had the hamburger stand. Yeah, you know, he said McDonald has the golden arches. He has the golden hearts. So, you know, let them rest in paradise. It's just every week. You know, as we age, we see this more frequently. My mother told me she she, one day I went over my mother's house, and I noticed all the obituaries my mother had. I said, Mom, why you have so many obituaries? And she had a stack of them. And she said, Son, all my all my friends are passing, people that I know are passing and and I see you collected obituaries, and she had a quite a few of them. She said, just watch when you age. When you age, you go, you gonna see a lot of your friends go to, you know, you always have that one person that calls you up and say, you know, guess you guess who died? I don't want to guess, just tell me it's like the, you know, the person, the informant, that calls everyone and say, you know, that's on top of everything. People I grew up with. I was born and raised here in Las Vegas, by the way, you know. And born and raised in Vegas, went to school here, went to, you know, went to unlv. And the list just goes on and on people that I've lost over the years. And, you know, I'm a senior citizen, by the way, I'm a senior citizen. And, you know, I see the frequency of people passing as we age, and it seemed like the mortality is between age of 75 and 85 that's that seems like it's the number between 75 and 85 any any person living over 85 God bless you. You know, every day, every day we wake up, we have an opportunity to start over, to restart our life, or to improve our lives. Every single day we get up, we have an opportunity to change something. You know, as a professional insurance agent for 28 years, many, many times in my career, I've had people come to me and say that we have buried a loved one and we're not going to pay for another funeral. How can we do this with a life insurance policy? We don't mind paying on it a little bit every month, because we know we've experienced this. And some families have come to me and they've experienced it more than once when they had to put a loved one to rest and to pay all these expenses, not only the costly funeral, around 15 to $20,000 today that's on a traditional burial, 15 to $20,000 now, if there's a cremation involved, those prices vary. They start around about $3,000 and up for a traditional cremation. Creation or Direct Cremation. So a traditional cremation is when I say traditional cremation is when the they take the remains, you know, have the viewing and after the ceremony, then they cremate the remains. That's a more of a traditional those are running anywhere from six to 8000 depending there's a repass involved, you know. So it gets expensive. I'm saying this because it gets expensive. This is what people don't know about cremations. When you have a cremation, whether you do a direct or not a direct cremation. Before I get into that, a Direct Cremation is when there's no ceremony and there's just, you know, just a cremation, just a Direct Cremation, no ceremony. They give urn to the family, and the family can have their own private ceremony. Now, if you don't want to have urn in your home, if you don't want to have an urn in your home, then you would have to buy a purchase or a grave site or a crib. That's an additional fee on top of the viewing. Because you rent the casket. They do the they have to do the embalming. They do everything. They prep the makeup, the clothing, you know. So I'm telling you this because people are not aware with these funeral costs, with the funerals cost today, and you have to, you know, be proactive, prepare yourself for that day when it comes and it's going to cost you or someone money to bury a loved one, it just it is what it is. I mean, I cannot tell you enough experiencing it myself, and fortunately for me, when my family members passed, we were prepared. And I know a lot of family members out there, they collectively come together and have paid for a funeral. Or, you know, there's many times when when there's only one family member responsible for everything, not only paying for a funeral, let's move forward after paying for the funeral, let's set a funeral, a traditional burial that was around, let's say, $15,000
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now we have the repas, and that's going to cost another three to four. Three to $5,000 for people to come over and eat, drink, you know, socialize. That could get very expensive because, you know, people want to eat now, three to $4,000 for maybe even more for repass, you have to buy a headstone that's not included in the 15,000 probably more than likely it's not, however, my veterans, you know, if you are a veteran, you can be buried in a Boulder City Cemetery and the plot, the headstone, the opening, closing. Very minimal cost is free, as for veteran with the DD 214, but that helps. That helps a lot, because, you know, when you're talking about the the grave site itself going for, you know, eight and eight, 910, $1,000 that's a huge expense. That's just minus from this experience, you know, nobody goes into to these funeral mortuaries. Nobody goes, nobody goes there once they absolutely have to. And you know that day is going to come has come for all of us, you know. And sometimes people, oh, you know, I don't want to talk about the, you know, what's going to happen in the future to all of us. It's not if it's a win. Now, you know when people say, if something happens to me, you know once, well, then when that day comes, you know, or you can't take care of it because you're gone, you leave the debt behind for your loved ones. You leave the debt behind for your family members to absorb this huge responsibility. It's always good to have a piece of paper that's written down with all your personal information. Where is your life insurance policy? Who's the beneficiaries? Or the beneficiaries? This is my mortgage. This is my mortgage. Phone number with them, loan number. This is, and I'm gonna say something about the mortgage. Okay, if you, and this is my own personal experience, if you own a home and you're on there by yourself, whether you're married or not, even if you're married and your spouse is not on the mortgage. Now you pass you're on the mortgage your spouse does not have access to the mortgage company for information. Now, if her name or his name is not listed as a personal contact, it is almost impossible to communicate with the mortgage company. If your name is not listed on at the mortgage company as a person that you know they allowed to talk to about the mortgage. Now let's say your name is in the mortgage you pass, and your spouse or your family members don't have access to the mortgage company. That's going to be a problem that. Going to create a problem. Now, you still continue to pay the mortgage, you know, because mortgage company don't care long as they receive the payment each month when a person passes. But in order to access information, maybe here's one of the key things, right that happens quite frequently. The individual passes. They were the only one on the mortgage now, now you, of course, there, the money was pulled directly out of the account each month on auto pay. Now you call the mortgage company to to let them know that your loved one has passed, and we need to change the banking account information to so the money can be pulled out each month. Well, the mortgage company is not going to let you do it. They're going to say, well, we need to talk to the to the person that's on the mortgage. I said, well, that person is deceased. This happened to me, and we were going back and forth, back and forth. First, my mother in law passed, and my wife, she she took care of all the more her mortgage business. Then, you know, after my wife passed back in 2018 and I'm trying to contact the mortgage company for my mother in law's mortgage. And they said, No, we need to talk to Sybil Marquez, my wife. And I said, well, she's passed and they would not talk to me. I had to refinance my mortgages. I have to refinance the mortgage in order to communicate with the mortgage company. And then, of all of a sudden, if you do have access to the mortgage company, right, and they sell the mortgage to another mortgage company. And now, as a person of contact, the new mortgage company may or may not pick up you as a person of contact, it's always good to have your name on the deed now, that avoids probate. Now, you put yourself in a beneficiary position when you're on the deed, if there's only one person left. And you know what I let's say, as a husband and wife, husband pass and they're both on the deed, but the wife, she passes, no one is on the deed, no trust, no will. The house goes to and to probate. There's a lot of expenses when it goes into probate. These are, this is News You Can Use. My name is Don Marquez. I'm trying to help people better understand the responsibility of their finances. Your home is a business. You know, as a professional insurance agent, I've come across many scenarios with families. I've had people come to me without life insurance, and they said, you know, we don't want to bury a loved one again without life insurance. We want to insure the entire family, and we're going to keep the life insurance policy. We're not going to take it out for a short time and let someone else talk us out of it. And that happens sometimes. That happens sometimes you take out a life insurance policy to protect you and your family's best interest, and then someone tells you you don't need life insurance. Because usually, you know, sometimes people like to pass on great news, right? Hey, you know, I just took out a life insurance policy. I went through the process with Donald Marquez, and now this person tells you, out of nowhere, well, you don't need life insurance. You could do this. Well, when a person tells you bad advice like that, you ask that individual, if I don't need life insurance, are you going to take care of my final expenses when that day comes? Well, they'll back up that conversation very quickly. When it comes to life insurance, I will find a policy that will fit in your budget. Price is very important for all of us. It has to fit in your budget. And don't say you can't afford it. You cannot afford not to have it because someone has to pay for these final expenses. They're not free. They're not free. Just call any funeral home and just they'll get just get an idea what that costs, and not only the funeral itself, but the continuation of life, the continuation of the mortgage, rent, the utility bills, the TV now is a utility, right? I remember when TV was free, but now it's a utility. And what I don't like about television. If I'm paying for television, why do I have to look at all these commercials on certain channels? You'll watch five minutes of programming and 15 minutes worth of commercials. I don't know what's up with that. Man, I don't want to see all these commercials most when I when I go to a channel, certain channels, I'm not gonna pick them out, but you know what I'm talking about. I'll record the program and watch it later. Go through the commercials. But if I'm paying for television, why do I say all these commercials? And I'm just saying this because now television is utility. It's a lot of these channels you may or may not need. You could probably free up some of your money, your cash to to buy a life insurance policy if you go into the coffee house two or three times a week, and you spending 567, $8 for a cup of coffee. You know that if you go to the coffee shop three times a week at $7 a cup of coffee, that's $21 a week, that's $21 a week, that's $84 a month. That's. Know that'll offer you a life insurance policy. Well, you can easily go to the to the grocery store, get your coffee beans, grind them up, or some really good coffee from grocery store, and save you a lot of money and not just say how much gas it gonna take to get there. I don't understand the language at these coffee houses, the whip, the tall, the small and the smallest. I can't do it. I just go refuse, you know, give me the whip and this. And I think people just the go there, just to out talk each other when it comes to ordering a simple thing, like a cup of coffee, just give me a coffee. Cup of coffee, no sugar, cream, and that's it. I don't need all that language to learn the vocabulary in ordering a cup of coffee. But here's another one. If you go to lunch at work every day, you go to work every day, and you go to lunch and you go to these fast food restaurants, and the fast food restaurant, the average cost for lunch today is about 15 to $20 just to get a burger, fries, sodas, which is very unhealthy, really, it is. I mean, that really adds up to the palate. You know, it's very unhealthy for you, where you can easily put a salad together, take it to work with you, or take, you know, your leftovers from from dinner, you know, to work with you. Instead of spending 15 to $20 for lunch every single day. It gets very expensive. Those fees add up when you say you can't afford a life insurance policy, but this is what you're doing on a weekly basis. You're buying your lunch. You go to the coffee house, then you buy your lunch. That's $20 a day, all day, every day, not to talk about the gas, to transport yourself back and forth from these fast food restaurants. And you know, by taking your food yourself to your job, you know you can save money annually eat a lot healthier. My name is Donald Marquez. This is News You Can Use my contact phone number is 702-236-2624
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70223. 702-236-2624, let's walk through the process of getting yourself a life insurance policy if you have underlying health conditions, diabetes, lupus, a history of cancer. Let's sit down and talk about a whole life insurance policy up to $35,000 in coverage. Benefits are paid within 24 hours. No health examination to apply, just a few health questions, one page application that I fill out. You just sit there, or if you don't want to come in my office, we can do a lot of business over the telephone. Most people qualify for the coverages, even with health issues. Rates and benefits are locked in for the life of the policy. When I say rates and benefits are locked in for the life of the whole life policy, that means your policy is never going to go up. It is never going the face mount will never go down. And a lot of you out there that's carrying accidental only life insurance benefits that's not going to pay for final expenses. So with accidental only, and there's a heart attack or stroke or you may pass away of natural causes, cancer, all these different natural causes, accidental only, life insurance policies does not pay for natural causes regardless how long you've been paying on it. And I've heard this conversation. I've had this conversation many times, but people have come to
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me for whatever reason they want to hold on. I got this accidental only life insurance. I
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heard you talking about it at KU and B 91.5 that accidental only. It doesn't pay for natural causes. It doesn't just read the fine print. You're wasting your money every single month. And I know you receive this information from from your credit union, from your banks, maybe department stores, or you just received it in the mail from, from, you know, companies that you recognize, but accidental only policies, the life insurance companies make a lot of money on accidental only policy, because they don't pay out. They don't, probably less than maybe 1% a half of 1% they make a fortune on accidental only policies. Because most, well, most of us, don't die of an accident. And who wants to die of an accident? And you say, Well, you know, just in case, I have a car accident. Well, let me tell you something. The car accidents are excluded on accidental only policies. They are now I do offer a whole life policy that does include accidental death from an auto accident, but it's a rider attached to a life insurance policy. In other words, it's an accidental death benefit enhancement I do not ever, ever offer my clients accidental only. Now, if you, you know, if you have an Evil Knievel lifestyle, maybe we could talk about accidental only, but that's really rare, and as we age in life, we have to be, you know, careful about the poly. Policies that we take, because some of these policies that come in the mail are the worst offers that these life insurance companies can make. You buy a policy, the rate looks good, but it may only last for 10 years, and all of a sudden now 10 years go by. And you know, as we age, we find out 510 years go by in the blink of an eye. You're stuck with making a choice either continuing this policy, which after 10 years after the policy expires, is your rate is going to go up, because the rates are based on your age, right? Your rate's going to go up. You guys, oh, okay, I need to counsel this. I can't afford it. Instead of, you know, getting a policy that's going to take you out throughout the rest of your life, that you don't have to worry about you know you have the peace of mind knowing that you have a life insurance policy that will has a continuation throughout your entire life. I can help you through the process with a whole life policy, up to $35,000 in coverage. There's no health examination, just a few health questions. Most people qualify even with health issues, rates and benefits are locked in for life. I will find a policy that will fit in your budget. My name is Donald Marquez. This is your insurance connection. My Location is on the corner of Sahara Rancho in the US bank center located on the eighth floor, that's right across the street from the Palestinian hotel Sahara Rancho, tallest building on the corner with us, bank on the top 702-236-2624, 702-236-2624. I work by appointment. You know, I work my appointment, just so I want to appreciate, I do appreciate the people that came in to see me that purchase home auto life insurance. I do offer home auto life insurance, renters, boat and motorcycle insurance. Now, I do work by appointment. Again, 702-236-2624, I just want to get rid give everyone a heads up the real Nevada ID, the Nevada REAL ID. We have a deadline to purchase this Real ID, and the deadline is May 7, 2025, if you have to get your driver's license you know expired, or we have to renew your driver's license, that's a good time to do it. You do have to make an appointment with DMV to so the countdown for the two, for the REAL ID is on them. We have to May 7, 2025 to get our real ID. And what they do, they put a star on your driver's license. So when you go into the airports, or, you know, they can see the star in your driver's license. You know, it's another thing we got to do. I know, top of other stuff we have to do, but get your REAL ID going, and, you know, get through the airport as quickly as possible. When I, yeah, I was, I was coming back from Washington, DC, and I was, I think, I was in Houston, and sitting down, putting my shoes on, going through the, you know, and, you know, you got to put your shoes on, go through the metal, or whatever it is that they check you out at the airport. I said, I sat on a bench. Lady sat right next to me on the bench, and she sneezed, ooh, wee. She sneezed so bad she didn't cover her mouth. I think from that sneeze, I caught covid and the flu. I was out for a month. So if you listen to my program every Sunday from eight, eight to 830 and all of a sudden you heard, oh, that was a I've heard that show before. I just want to let everyone know I had the covid and the flu at the same time. So I was, I was out for about a month. I was out for about a month. It was really rough. And my children, I would, I would, uh, I would say, Hey, bring me some food over. They said, well, Daddy, what do you need? I need some food. I'm hungry. I was too weak to cook my own food. I live alone, and they would bring me my food, leave it at the front door, ring the doorbell to take off. I do appreciate them. I love them, but good god, I mean, when you're sick and you're alone, I think it makes it worse. You do have the peace of mind. You know people down downstairs watching television and you know, I'm making another noise, but when it comes to you like, Oh man, I'm at home alone by myself, no company, and I have to deal with this illness, but I was out for a month. So if you listening to this program every Sunday, and you heard some, you know, reruns. Just want to let you know this is a pre program that I love to come on and talk to our listeners about insurance, but you know, someone apologize after you heard those reruns and but I'm back and I'm getting all get all updated to what's going on. And hey, Football season is here. It's really hot in Las Vegas, for whatever reason. We're in October. You. It should not be this hot in October. You know? I mean, it's just 105104, what is going on? What is going on? I don't get it. I want to reduce my sprinkling system. I water my grass in my house. And I looked at my water bill and I said, my God, what's going I'm about to get artificial turf. It's getting really the water is getting very expensive. Just go out the lake me and you and you understand why we have to be conservative when it comes to our water. Anyway. My name is Donald Marquez. This is your insurance connection. 702-236-2624, 702-236-2624, with a whole life insurance policy, you do bill a cash value. Cash Value builds up over time that if you need to borrow money from your life insurance policy, I tell every all my customers, when you do borrow money, pay the money back. Pay it back. Where are my smokers? I rarely get people to call me say, You know what? I need life insurance. I am a smoker. That's really rare for what's for whatever reason, and you're the main people that need life insurance. Now, if you don't have any life insurance or or you just retired, and you quickly find out from your career that you worked on for many, many years, that your life insurance policy out of the group, they don't offer any life insurance when you retire. That happens quite often. Listen now and have a conversation. I will find a life insurance policy that will fit in your budget. 702-236-2624 702-236-2624 I'm licensed in the state of Nevada, California. I can find a policy that will fit in your budget. It's just not that difficult. Now, if you do have a life insurance policy, I do offer no obligation insurance reviews. No Obligation insurance reviews, you have to bring your life insurance policy in, or your car insurance, your homeowners bring it in. I'll review the policy. And if you have a pretty good policy with your life insurance, and it's going to take you for the rest of your life, I'll push it back and say, you know, keep this. You know, keep this. But if you do have a life insurance policy, and I've seen many of you, seven out of 10 people that I have an insurance review with, with life insurance, have the wrong life insurance policy, seven out of 10, because you're heading toward a cliff, eventually you're going to pay into a policy, and you in the policy is going to change, or if you're experiencing right now with a flexible policy premium, in other words, so when you initiated the policy, it was at one price. Now, as you age, you see the price change. We need to sit down and have an insurance review. Offer up no obligation insurance reviews. There's three type of policies out there, term, Universal Life and whole life. Now your universal life insurance policy more than likely have a flexible premium that adjusts as you age, your term policy is 1015, 20 and 30 year terms, and at the end of these terms, then you go into an extended term, it gets very expensive. I can insure you from day one to age 85, 702-236-2624, 70223626, 22362624, my location is on the corner Rancho in the US bank center located on the eighth floor, 702-236-2624,
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my name is Don Marquez. This is your insurance connection. Broadcasting, right here at K, U N, V, 91.5, jazz and Mark. You have a beautiful day. Until next week, we'll do this again. Just keep it crispy. You.
Transcribed by https://otter.ai