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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.
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Good morning. This is Donald Marquez with your insurance connection. Broadcasting right here at K, U, N, V, 91.5, jazz and more. Sunday morning, relax, enjoy this program. I'm an insurance professional, and I come on kumv 91.5 jazz or more every Sunday morning, from 8am to 830 to enlighten you on insurance. That's something I've been doing for the last 28 years right here in Southern Nevada. And I also practice in California. I am, I am licensed in the state of California offering you auto insurance, homeowners, yes, and life insurance, that's absolutely my favorite subject. You know, I find people feel that life insurance is a necessity, and others, you know, find it a little a little bit of a challenge because they don't quite understand it. What they see the the simple commercials on television. You know, race start as low as 999, 695, whatever. But that's just to get your attention so you can call in and get a quote over the phone. Now, there's no personal touch with that. There's no you know, you get a customer service person on the phone and you know, they give you the rates, and then they tell you what the rates are, and you pick and choose your price point. I don't operate like that. I don't operate like that. Not to say anything's wrong with it, but, you know, I don't like, I don't like the point where there's no, you know, self it says it's like self service. You go on there, you call them up. There's no personal touch. I invite people to my office, and we can do a lot over the phone, but I invite you to come to my office, sit down and have a conversation. I want to get to know you. I want to get to know your concerns. Not only just okay, giving you a quote over the phone, like 123, it leaves you a little empty when you do it like that, it really does, because no one, once you receive the policy. No one sits down with you and talk to you about what you just purchased. You receive your policy in the mail when you go online or or you call these 800 numbers, you know, and there's no one to go an insurance agent like myself to go over the policy with you. And this is why a lot of people don't understand life insurance, because it's just way too many parts to understand. The insurance companies have insurance agents for a reason. I came into the business back in the late 90s, and I started with Allstate Insurance Company. I stayed there for seven years with my own agency, sold my agency, went to AAA insurance company stayed there long enough to retire, and back in 2015 I decided to be an insurance broker, and this is why I'm on the radio right now. To explain, you know what insurance is all about, I get questions like this, can you buy insurance on someone else? Yes, you can, as long as they are, has as long as they have an insurable interest you you as long as you have an insurable interest with the person that you're purchasing the life insurance for, whether they're related to you or not, and you don't, and you do have to improve insurability, because you may suffer financially, you know. But some people say, Well, if I got a neighbor next though, my neighbor, Joe is getting older, can I get a life insurance policy on Joe? Only if, you know, if you have to pay for Joe's funeral, medical bills, credit card bills, because now there you may suffer financially when Joe passes away your neighbor, but just to get a policy on on your next door neighbor, because maybe he's aging, or she's aging, so you can benefit financially. That's not sure. You know that your financial could be obligated if this person passes now, because there are funeral costs involved, there's, you know, sometimes they're after the fact, after the funeral, and most cases, there are an additional expenses. We're talking about, mortgages, rent, moving the furniture out of the home. The cost continues, family members coming in from out of town, keeping you, keeping the lights on, keeping the water running. I mean, it's just keeping the gas on until the property is sold or you. Know, you completely, you know, take the furniture out the house, move out the home, and get in, prepared to rent it out. Or if a person is renting a home, and they're the last surviving person, and now you need to take all the furniture out, and that's cost. That costs money, move out. And there may be additional expenses. For instance, you may have to pay the rent while you're in the process, you may have to pay the power you may have to pay the power bill, and just the cost just keeps adding up. This is why it's so important. When I come on the radio, and I do, I want to thank the listeners that contacted me and purchased life insurance, because it is needed. You definitely no matter how much money you make. Now, for an example, if you, if you have a salary and you're making $50,000 a year, just to give you an idea where you should be at on your on your current career, they will only pay you three times your salary. Now, if you're making $50,000 a year, that's only $150,000 when I do a needs analysis. I find out because people, sometimes people just don't know how much life insurance they need. If you and my the way I evaluate it is, if you're making $50,000 a year, you need at least $250,000 or $500,000 worth of life insurance. You need to five times or 10 times your salary to keep up with everything that's going on now, especially if you have younger children that depends on you for that salary. I talked to a gentleman just the other day, and he said, I have five children. I am self employed. My wife and I work on my construction company together. I heard you on the radio. I just need to come in and sit down and have a conversation with you. I'm a licensed contractor, self employed. Don't 401, K, no additional benefits. And I ask the simple question, and he's in his and he's a young man, you know, he's under 50, but I asked him. I said, if something, you know, if you have a premature passing, what would happen to your family? He said, It would be bad. It would not be good, because he and his wife worked together on this construction company. He is everything. He is all, all of that. I mean. And I say this to you because you know, people that are self employed need a life insurance policy. Because, unlike people that are employed, you know, it's easy to sign up with the 401, k, when you're self employed, you need a Roth IRA. You need some type of savings, you know. So when that day comes and you want to retire, you have something to fall back on but if you solely responsible for your family and you're the main breadwinner, as you want to call it, or the main earner of income in the household, well let's sit down have a conversation. My office is located on the corner of Sahara and Rancho in the US bank center located on the eighth floor. I work Monday through Friday, from 10am to 5pm I work by appointment. 702-236-2624, 702-236-2624, I'm here for you. I'm, you know, Sahara and Rancher right in the heart of Las Vegas, Nevada, across the street from the Palestinian Hotel and Casino. Some of you go over there making your football bets now, good luck with that. I stopped that long time ago. I stopped that long time I couldn't even get a three team because I, you know, I think the best way to best footballers is, don't take the points. You don't get paid as much, but I think you know you can do easier picks that way when you don't take the points and but you know you got to be really good at what you do. But I stopped that long time, like I used to go over to the power station, hey, I have my little formula and put my football bets in and get my heart broke every week
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by a field goal or touchdown or something happens anyway. Let's get back to business. I'm a licensed insurance agent right here in Las Vegas, Nevada and California as well, offering auto insurance, homeowners insurance, yes, and life insurance. Power of Attorney. We can't you can purchase life insurance on an individual other than a family member. But if you want to put insurance on a family member because they just out there doing that thing, wilding out in the streets, or they have a drug or alcohol problem, we need to sit down and have a conversation. We can get a power of attorney. One of my colleagues I work with is Christine Bernard. She is a paralegal, and she can get us a power of attorney that gives you full authorization to speak in that loved one's behalf, or that relative's behalf, so that you, when that day comes and you're responsible for their final expenses, you know you will have the funds to do so. Because you took out a life insurance policy, you were being proactive instead of reactive. How many times it's every day, every day people come in, they are reactive to a situation where, you know, unexpectedly, and it happens every day, unexpectedly, they lose a loved one. Now, all of a sudden, here comes the fallout, the financial responsibility, and you say to yourself, why they did not get a life insurance policy? They've worked all their life, had nice cars, nice jewelry, living in a nice home, no life insurance. You know people that listen to this program right now, what is more valuable? You or your car. You know, we put more value in a car than we do ourselves. We put auto insurance on a car. We, you know, we pay payments on the car. You know, you can't maintain the car. You gas it up every time you drive. So you that's a that's a large investment. You invest a lot of money in a vehicle. And if you have multiple vehicles, you're investing a lot of money in these multiple vehicles. But you know, you you put more money in a car than some, some of you, than you do in your life insurance policy. Now, if you can put life in, if you can put life insurance on yourself, and I know, to drive a car, it's you have to have insurance to drive. You know, if you're making car payments, you have to make those car payments, keep up the maintenance, keep gas in it. But when you start adding up how much money you putting in the car versus how much life insurance you have on yourself, what makes better sense it I mean, it's okay to have many cars as you can afford. But along with having these multiple vehicles, and I've talked to many of you over many, many years, people have two and three cars, one person have three cars and no life insurance, doesn't make sense to me. Think about that. You have two three cars and no life insurance, and you're putting money in these cars every single month, whether it's gas maintenance, auto insurance, when you start adding it up, you know that's a liability, but I think you a lot more I know you are a lot more valuable, and you're an asset to your family. You are a lot more valuable than sinking money into cars that you probably only drive once or twice a month. My name is Donald Marquez. This is your insurance connection. Let's do a review. Let's sit down and have a review of all your insurances, your home, your auto your life insurance, and both motorcycle insurance as well. And let's say you would come up with a, you know, a good game plan to to lower some of these costs of auto insurance, to have a life insurance policy, name your beneficiary, step by step. Process. It doesn't take that long. I'm located right on the corner of Sahara Rancho in the US bank center, eighth floor. My business hours are 10am to 5pm Monday through Friday. 702236, 0223626247022362624,
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our work by appointment. Some of you stopped by and and I'm either in the office, I'm out of the office, or I'm with the customer. So get a courtesy call. It would help. I set you up an appointment, and that way, you know, we have the time, and we have the time that we need. I've had people show up. And hey, I heard you on the radio over at KU MV, 91 five and, you know, I just want to ask you a few questions. Can you give me a quote? Well, and I have to turn you away. I said, No, I can't coach you right now, because I have a customer that's coming in the lobby any moment. They've made an appointment. And here's my business card. You can make an appointment as well. If you can't come back in, we can make arrangements to have a phone conversation. We can do a phone appointment. 702-236-2624, I'm gonna get right back into the life insurance, but before I do, I want to give my condolences to the families of a multi talented Frankie braverly and Mays. Frankie brevly was a lead singer for the group Mays for many years, entertain a Vegas audience for many, many years on, all over the all over the globe, entertaining for I grew up listening to Mays featuring Frankie Beverly, and my heart also goes out to the family of James Earl Jones. The first time I knew who James Earl Jones was, and when I heard, when I watched Darth Vader, and I heard his voice as a character for Darth Vader, and I think I root for the bad guy in that movie. I just love hearing his voice and in character on Star Wars, the first, very first Star Wars, it was amazing to hear His voice, and it just resonated. It in the film and with the music and the background. But we lost two significant actors and singers this week. In my condolences go to the family, Frankie Beverly of Mays and James Earl Jones. James Earl Jones was 93 and Frankie Beverly was 77 he left us early at 77 time goes on, you know, the more the more we live, the more we see this consistency of it. You know, I have people calling me up that I talk to on occasion, and they always calling me up and letting me know who passed away. It's like, you know, they're like, the official person that'll inform me who passed away now, and some of these people I know, and a lot of people I don't know, but they just want to reach out to me and say, Hey, man, guess who died? And I like, I don't want to guess, just tell me. But I have people calling me up, hey, you know who died? I'm gonna tell you who died. So and so died. I'm like, Okay, who? Who's That way they went to high school with us back in the day, because I went to school here in Vegas, born and raised in Las Vegas, Nevada and but when you when your hometown, when you're from your same hometown that you know that you grew up in, and you know, everybody knows everybody, especially back in the day, because Vegas, when I say, back in the day, let me, let me go back. I'm talking about the 70s, 80s, 90s. You know, back in the day, everybody knew everybody. This was a small town back then, but now it's grown up to be a real city, with a population well over 3 million people, and the housing prices are going up like everything else. But, you know, it's just, it just, it's all good. I enjoy everyone and I listen. But sometimes, you know, people call me up, letting me know who passed. It's just some of these folks. I don't know, but it is, you know, people, yeah, my uncle. My uncle, Melvin, used to say, Here today, gone today. You know, people used to say, go Here today, gone tomorrow. But he used to say, Here today, gone today. Just to give you a little bit of information. But, you know, getting back to we were talking about, can you ensure someone whether they're related to you or not? Yes, you can. You do have to suffer a loss financially if, if, in fact, they're not related to you. Maybe you have medical bills to pay, credit card bills to pay, or you may have to pay for a very expensive funeral, because, you know, you have some financial insurability with this person. Now, if you're living together and you don't have life insurance. Let's say a husband and wife or companions that don't have life insurance on each other. And we're getting older every day. Now, if you're in your 70s with no life insurance, let's have a conversation. I'm happy to say that I did sign up with the company that I can offer policies that people have HIV or AIDS up to $25,000 in coverage. Let me say that again. I'm happy to announce that I do have a company just got an appointment this week, I can offer life insurance up to $25,000 in coverage if you have HIV or AIDS from age 45 to 80, and so that's a good thing, and I've been working on this for a while, and I'm reaching out to the people that I know that in the past, I had to refuse coverage. I couldn't help them, but now I went to work finding a company that will cover people with HIV and AIDS. And you know, and I have to say, people with HIV and AIDS are living a lot longer, and they should be able to obtain insurance. 702-236-2624 702-236-2624, how much life insurance? Do I need? I look at your outstanding debts, your financial obligation, your living expenses. I look at your salary. Like I said earlier in the conversation, if you're just tuning in, if you're making $50,000 a year on your on your job, they're only going to offer you three times your salary, which only makes $150,000 a year. That money, $150,000 a year with three young children at home, goes very quickly. However, I look at a much different if you're making $50,000 a year, I say you need at least in life insurance, $250,000 or at least $500,000 in coverage. Now you may say, Oh, I mean, I can't afford that. Why not? If you're paying for your policy at work and you're only getting $150,000 in coverage because you're only making $50,000 a year, you do have other options. Now we have term and universal life insurance policy. We have term. And universal life insurance policies. Now term is the lowest cost insurance up to 30 years. Now if you 58 and under, you can get up to 30 years of Term life insurance. Now if you 59 and over, you can only get 20 years of Term life insurance. My number is 702-236-2624, 702-236-2624, we have term insurance, Universal Life and term is for 30 years, maximum, 30 years. There's no cash value asset with the term life insurance policy, Universal Life is permanent. Insurance does Bill a little bit of a cash value you you do Bill cash value money you can borrow against. And I've said this many times on this show, if you do borrow money against your universal life or your whole life, policy, find a way to pay it back, because it does accumulate anywhere from seven, eight to 9% interest on the money borrowed annually. Another policy that I do have to offer is guaranteed issued life insurance. Now, who buys a guaranteed issue life insurance policy? There's no health examination to apply for, just health questions, just a few health questions, by the way, this is people with underlying health conditions, diabetics, people with lupus, cancer, you know, a history of maybe COPD, a history of cancer. This is a policy that you would need, because you may or may not, in most cases, you will not qualify for the term. Term starts at $100,000 face amount and Universal Life also starts at 100,000 in most cases, but your guarantee, universal life insurance policy is a whole life policy. Once you are accepted, the rates and benefits are locked in for the life of the policy, then there is no health examinations, just a few health questions, easy questions there yes or no answers. It's not that difficult. Do you smoke? Yes or no. Do you have diabetes? Yes or no. I mean, these are the simple questions they ask, you know, and it's only a 12 questions we ask up to $35,000 in coverage. Rates and benefits are locked in for the life of the policy, and people even qualify with health issues. Benefits are paid immediately once you, once you sign up for a life insurance policy, it's gonna take a while to build a cash value. I've had people call me up, believe it or not, take out a policy, and in the following month they want to borrow money against the policy. Well, you've only made one payment. It does take a while to build up the equity in these, in these Whole Life policies, because with a whole life policy benefits up to $35,000
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you rapidly at three and a half percent interest, you rapidly accumulate a cash value. But it does take a little time now, when I say rates and benefits are paid in 24 hours, let's say if you've had your policy for the last five years, and you get some news that you only have six months left to live. There are some companies that will allow you to take out an advance on the policy while you're still living with a note from your doctor saying that you have less than 12 months to live again. If you want to take out an advance, whether it's term whole life or universal life, you can take out an advance on your policy, and in some, most cases, up to 80% of the face value, up to 80% of the face value, so you can take care of your final expenses, your obligations while you're still living. And you want to talk more about it, my contact phone number is 70223626247, 2362624, 702-236-2624, accelerated death benefit means it puts the money in your hands. Now let's say, for an example, you have $100,000 life insurance policy. You find out you have less than 12 months to live. You can take up to 80% in most cases, up to 80% on that life insurance policy while you're still living now, your beneficiary when when you do pass, your beneficiary files a claim for the balance of the life insurance policy. So if you take the full 80% and when you pass once your beneficiary, or beneficiaries, receive your death benefit, then they file for the balance of the life insurance policy, or the 20% because you took out the full 80% My name is Donald Marquez. This is your insurance connection. Broadcast thing right here at K, U, N, V, 91.5 jazz and more Sunday morning, from 8am to 830 and I said, early in the broadcasting, my condolences go out to James Earl Jones, he passed this week, and Frankie Beverly, featuring Mays, he was a lead singer. Frankie was 77 and James Earl Jones was 93 Let them, may their souls rest in paradise. You know, time goes on, life goes on, and we go on. So we have to do better. To get better, I, and I say this because many times in my career, over the 28 years, I've had people come to me. We had to bury a loved one more than once different family members, and you know, they don't want to experience that anymore, because with the cost of today's funeral services, this is why, you know, having a life insurance policies is good to have with your financial portfolio, because the funeral homes want the money right now. And what they do, they take a life insurance policy, and I was talking about advance, taking advance out early. You can even pay for your funeral, taking out the advance. But what the funeral homes do, they when you take your life insurance policy into the funeral home, they assign it to a third party, and the third party charges them 10% maybe even more than that, to take out the benefit and pay the funeral home in advance. So what they do is, okay, your funeral costs $20,000 they take out to $20,000 from this third party. The third party could charge you up to 10% or even more. So let's say they charge you 10% on $20,000 that's an additional $2,000 to borrow that money to take care of the funeral immediately. But although your policy is your security, but the funeral homes don't want to wait for the money. You know, they don't want to wait for the for the death benefit, so they get paid through the life insurance company. Yeah, it's, to me, that's, they catch you at a bad time. That's how that's that is one of your weakest points, where you, you know, you lost a loved one, and you getting everything's adding up really fast, okay? How much a cask cost, the flowers, the limos, all you know, the grounds, the gravesite, the headstone that this, it keeps adding up quickly, and then all of a sudden, now you're paying for caskets, the flowers, the limousines, the gravesites, the headstones, and now they hit you with this additional fee, right? With all the estimating everything, and now they hit you with an additional 10% on top of everything that you you want, because they go through a third party and they don't want to wait for the death certificate. They want to get paid right in right now, because sometimes the deficit certificate takes about three to four weeks before you receive the death certificate. Now, if you are experiencing this or just news to know, you should take at least five deaths of five original death certificates out when that time comes, because some of these banks credit unions may not accept a copy of the death certificate. News You Can Use. There's ways to get around paying an additional 10% like I said earlier in the program, you take out a cash advance. I'm talking about the beneficiaries can take out a cash advance up to 80% of life insurance policy. Now you go into the funeral home as a cash buyer. My name is Donald Marquez. This is your insurance connection. My phone number is 702-236-2624 7022362, 702-236-2624, go Raiders. Come on now. Y'all lost the first one. We're rooting for you. I've been to the Raiders game. What an amazing stadium. If you ever get an opportunity to go, it is a treat. I've seen the Raiders more than once, but I got an opportunity to stadium last year in the radio stadium, and it was amazing, amazing time. Hopefully, hopefully. You know, we have a winning season this year. Lady aces are doing their thing. And, you know, I just love Vegas. We have sports now. We have the Golden Knights with aces. I'm waiting on the basketball team, baseball team, and that's probably just around the corner. 702-236-2624 702-236-2624 go outside, enjoy the day. You know, it is kind of smoky outside, because the fires from California and Highland California and they're blazing over there, that's why we have all this smoke. That's bad news. But the good news is we're starting to cool down. We're starting to cool down getting away from like these extreme temperatures. 702-236-2624, my name is Don Marquez. This is your insurance connection. Have a wonderful day until then, just keep it crispy. You.
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