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We talk about saving money on auto insurance, homeowners insurance, and - yes - we talk about life insurance!
Announcer 0:00
This is a KU NV studios original program.
Wesley Knight 0:04
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. Dave
Donald Marquez 0:25
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 morning. My name is Don Marquez. This is your insurance connection. Broadcasting right here at KU NV, 91.5 jazz and more. Early Sunday morning. Good morning. It's 8am I hope you have your hot cup of coffee or your tea. I want to say before we get started, Happy Mother's Day to all the beautiful mothers out there, the ones are with us and the ones that are not with us. We honor them all the time. My mother is now no longer with me. I lost her in 2011 she has a permanent place in my heart. But happy day, Happy Mother's Day to all the mothers and and, you know, just congratulations for everything that you do and continue to do to keep the family in place. I've said this again on my show, seven out of 10 clients that contact me are women, because they want to make sure they're holding down their home and that, you know, the family members, they want to make sure everything's taken care of. Now, men, we could do a little bit better speaking about men, you know, Father's Day is not too long from now. And hey, dads, if you want to go out to eat dinner, you don't have to make reservations. Just a heads up. Mother's Day, you have to make reservations, like, five years in advance. But Father's Day, you just show up, you know, you know, just pick a seat. It's not that important. Our day is really not that important. The only thing we probably have going for us is, you know, we have some sports going on. Hopefully we have a championship basketball game that's that's on television, and not cable television, not the television I got to pay for, you know, I guess, you know, sometimes I just like, I can't believe this. This is on prime. This is on that peacock. This is on that station. I want to see the programming. I don't want to just have to buy all these programs. I'm not going to do it. I'm not going to buy all these programs or watch my sporting events. And I do like my sport, football, my basketball. In the summertime, I just take off from sports, but football, basketball, boxing, you know, those are my main three, but you know, it's just, you know, we got to pay for these television programs now. And speaking about that, when you look at your television bill for television these days, it's just unbelievable. What we pay for television these days. I can remember when television was free. We had our local channels here in Vegas. I grew up, born and raised in Vegas, and we had our channel eight, Channel Five, channel three, channel 13, oh, and channel 10. That's it, five stations. And we were okay with the five stations, and we'd have to pay for any of that. But now, when the cable came in, now we got to pay for cable. And the reason why I'm getting at this point is, you know, television costs money these days, and I've talked to people that have all the channels, they have the HBOs, they have the show times, and it's okay if you can do all that, but you know, maybe you don't need all those channels. And come people looking for ways to save money, and sometimes, you know what, you just have to, you know, kind of realign what you paying out every month, and with a life insurance policy, it gives you that peace of mind that your family is definitely going to need at that time of need. And we all have a time of need. We do it's just a matter of time. We don't know when, how old are we going to be, but we know one day it's going to happen, and there's nothing you could do to stop it. No one lives forever. No one lives forever. You know, a life insurance policy is a gift of love, telling you and your family members that I care. I want to make sure everything's taken care of regardless. You know, when I'm gone, I don't want I don't want you to suffer. I don't want you to suffer because, you know, I just didn't want to spend a few dollars, extra few dollars, and it's not that much. What a life insurance policy cost today is less than going out to dinner. Yeah, yeah, less than going out to dinner. Because go out to dinner these days, you know, it's up to $30 and more a plate. And, you know, that's just a regular, little in and out restaurant, nothing fancy, no candle lights, no, no, no, you know, but no waiter with the bow tie and no, none of that. It's just quick, simple, easy, you know, $30 meal, and you just probably get. Breakfast, and that's the sad part about it. Yeah, going out today is very expensive, like everything else I was I filled my car up. I only, I only let it get halfway full, and I fill it, I fill it back up. But the prices of gasoline is, really, has gone up a lot, and they want us to be patient. I'm not patient. I want the gasoline prices go down because, you know, because, you know, they're not suffering. We are Be patient. I want my gas prices to go down. Everything else goes down with it. And I bring this up because we have to be really, really conscious about how much, where we spend our money, what we spend our money on. And I do have clients that, you know, what I listen to your show right here, k, U, N, V, 91.5, and you're right. You know, I made some adjustments in my spending and reduced my car insurance by listening to you bought a life insurance policy because you were able to reduce the car insurance and enough money left over for me to get life insurance. And they said, You know what, you're right on the television. Why do I need all these channels? I can't only watch one channel at a time. And I've seen people with two three televisions, and they have different thing programs on each television with no life insurance. Yeah, I know people like that, but you know, I can only work one person at a time. When they come to see me in my office, or we talk on the phone. I can only talk to you one at a time, and it all has to make sense. We all going to have a final expense, final expense. And what does that mean? That means when you that day comes, and it will come for all of us, and I'm telling your family members are going to be hurt, the whole life is going to change. Everything is going to change because you're no longer there. It's going to be that empty seat at the dinner table like, you know, you used to sit there. You're no longer sitting there anymore. Then what, you know, the utility bills still come in. Uh huh, yeah, that television bill still comes in every month. You know, the mortgage still comes in every month, the rent continues to come in every month, the car insurance, the car payment, the food you have to buy, all that still continues, and you no longer there. That chair is empty at the table, and some families are so devastated at the point where they have to relocate that dinner table to a smaller home, something then they're maybe not accustomed to. And we can all just, you know, say, you know, I told you so. Or family members want to know why you asking for money to for bury for for bearing your husband or your wife, didn't you guys take care of that all these years. You didn't take care of that. Put a little money aside every month for life insurance. It's gonna happen one day. And when we when we have a final expense, and I just mentioned some of those final expenses, including, not including the funeral, but let's include the funeral. That's another 15 to $20,000 today. And if you want a cremation with a ceremony, you're looking around between eight and 10,000 right up to eight, up to eight or $10,000 for cremation with a ceremony, that's with the ceremony. So keep that in mind, I said with a ceremony. So just don't think you know it's free to go when you leave this earth, you know it's like you're checking out. And you know, and when you check out, it's gonna be revealed how well you took care of your finances, how well you took care of your finances. If you have children, young children, and you're a single parent, we really need to have a conversation about getting you some life insurance, protection for your family members, you know, if you're a widow or widower, you know we need to talk about protection and also an insurance review. If you lost your loved one and you still have a life insurance policy, I offer no obligation insurance reviews for life insurance there's no money you pay to come see me, you bring in your life insurance policy, and if you don't have your policy, we can contact the insurance company and they'll go over everything that you have on your life insurance. Let's see if you have cash value, money you can use now, you know, even, even in the the other week, just last week or so, I was talking to a client, and, you know, she was concerned about the expenses. Well, I let her know that she could get an accelerated death benefit. And she said, What's that an accelerated death benefit is when you're going to accelerate your life insurance policy. Now, this particular client, she only had less than 12 months to live. She had a terminal cancer, and she said, I don't, you know, have $100,000 life insurance policy. And she said, It's okay to say, You know what? I want to be able to help people. Because I ask, I ask. I'm not going to use any names, but I said, Can I use your scenario on my radio program? And they say, yes, go right ahead. I'm, you know, I want to be able to help others to understand how all this works. Be coming to me and sitting down and explaining the life insurance. Policy, line by line. Now she could, she understands, she could take out his accelerated benefit on her life insurance policy. And what is that she could take up to 80% on a life insurance policy. She has $100,000 life insurance policy, she can take up to 80% up to $80,000 right now to take care of her final expenses. You know, that's a living benefit. And it was a term policy, which, you know, I've said on this show many times. Term does not have a cash value. It's just straight death protection. But within that term policy, you have a couple, you know, couple of things you can do while you still living. You can convert the term policy in the Universal Life, if it is convertible, and you at the right age to convert the term, because term maxes out at 30 years. It doesn't go beyond 30 years unless you really willing to pay for a whole lot more money every month for the same amount of coverages. But I'll get into that a little later. My whole point is this, she accelerated the 80% on her life insurance policy. The life insurance company gave her a check for $80,000 it was in her account within two business days now, she was able to take care of all her final expenses. You know, she knew her time was short. And she said, Well, you know, my time is short. What can I do explain to her how to accelerated benefit, death benefit. We did it over the phone. They emailed the paperwork to her, for her, for her to sign. She was compensated within and within two business days. Now, what happens to the balance of the $100,000 because now it's only 20,000 left upon her passing, the beneficiary sees that receives the balance of the $20,000 now, when we have a beneficiary, what does a beneficiary really do? Right? Let's, let's talk about that a little bit, because that's very important. When you put a person as your beneficiary, that means they're gonna receive the funds from from the life insurance policy. The very first thing the mortuary is going to do is contact a life insurance company to make sure the policy is active, right, and make sure it's not accidental only. Because if you listen to this program many, many times, I've said, do not buy accidental only life insurance policy because it does not pay for natural causes, but you have a life insurance policy that pays for natural causes, and also, if there is an accident, you know the life insurance policy is going to pay for that too. So you don't have to get, don't do not get accidental only that travel accidental life insurance policy does not pay for natural causes. The Accidental only policy does not pay for natural causes. And don't think, well, if I get in a car accident, the car carries its own coverage, right? If you don't who wants to get in a car accident and die like that, and some of these accidental only life insurance policies, you know the fine line the words in it, you have to die at the scene of the accident. And sometimes car accidents are excluded, believe it or not, yeah, they say, Oh, you have day one coverage on accidental life insurance policy. And you probably do, because more than likely, they know that they're not going to pay it out. You know, they insurance companies know they're not going to pay because they only pay. Probably accidental policies pay out probably less than a half a percent, yeah, let me say that again. I don't offer accidental only. I don't believe in it. I don't believe in the policy. Accidental only life insurance pilot pay out less than a half a percent of people that write them. So 99.5 people that write these, write these, get these accidental own life insurance policies never will get compensated. Yeah, your odds are really stacked against you on one of those policies, and they target seniors. And sometimes senior citizens say to themselves, you know, I haven't done anything. It just came in the mail from well known resources, and they do these policies. Do these accidental only policies come from well known resources. But you know, don't trust that. I'm an agent. My name is Don Marquez. If you're listening to this program for the very first time. Welcome to the show. My contact phone number is 702-236-2624, 702-236-2624, I'm my location Sahara Rancho in the US bank center, eighth floor. My business hours are Monday through Friday, from 10am to 5pm 702-236-2624, I work by appointment. I do a lot over the phone, auto insurance, homeowners, boat, motorcycle, renters, and I'm starting to look in the commercial auto. Yeah, I am licensed for Commercial Auto for life insurance. I'm licensed in the state of Nevada, my hometown, California, Texas, Louisiana and Michigan. You. Now, if you listening to this program, and you live in Oklahoma, and you guys got a really good basketball team, by the way, in Oklahoma, the thunder is paying my Lakers right now. And I just, I feel bad for the Lakers. But anyway, so if you're in Oklahoma, you listening to this program right here at 91.5 jazz and more Sunday early Sunday morning, I will get licensed in Oklahoma to offer you a life insurance policy. My name is Don Marquez. This is your insurance connection. I do this every Sunday morning, from 8am to 830 and I covered coverages, especially life insurance, because that's one of the least amount of coverage people have. They have auto insurance because the state says you have to have auto insurance. And if you think your auto insurance is, you know, if it's a little bit too much, I represent premium companies for auto insurance now, if you have DUIs, and you know you only been with your company for six months, you know that's gonna be a little tough. I'm what I'm looking for is a person that's been with their company for at least three years, no tickets, no accidents. Now, if you do have an accident or a ticket at one one ticket, one accident, we can still talk. But the companies that I utilize in my portfolio, their premium companies, they they are looking for the premium client, and that's this is how you save money. Keep in mind, when you see these commercials on television about your auto insurance, you know, 15 minutes to save you so much. And I've saved hundreds. And I don't think I did. I made a phone call to this insurance company. First of all, they're not talking about Southern Nevada, let's get that clear right now. And they're not talking about a person that pays their auto insurance month to month, when they say, we save hundreds, that means, that only means one thing to me as an insurance agent, that you're paying your policy in full. Yes, pay your policy in full for the term, because, number one, you're going to save money. For the term, you're going to save money, and this is how you say, as they say, hundreds, because paying month to month, you're gonna pay more money for that policy. Now they have these low, low interest credit cards, or zero interest credit cards. You know, the auto insurance company will accept those policy, those policies paid by a credit card. You know, a credit card, they'll take everything but discover. I've been an agent for a long time, for 30 years, and I've never paid a policy with Discover card. So you discover that it doesn't work for not the companies that I have, even the previous companies I worked for, and it was all state and triple A, they never took discover so Visa, MasterCard, and some will take American Express. Some will, some won't. And this is way you can pay for your car insurance. Pay it off front for the term for the six months. I try to write 12 month policies, put the home and auto together to give you the home and auto discount, multi policy discount, or now is referred to, is the bundle and the home discount to auto and the auto discounts the home. My name is Don Marquez. This is your insurance collecting. Broadcasting here at KU nv 91.5 jazz and more. Sunday morning, from 8am to 830 I would love to talk to you about your insurance. This is what I do. This is what I love doing. This is all I do. I don't do anything else. I'm an insurance agent for the last 30 years right here in my hometown, Las Vegas, Nevada, and for auto insurance, homeowners insurance, including renters insurance. I'm licensed in 48 states, with the exception of for the Ottawa and the home California and New York, those are two separate countries. New York has got his own insurance thing going on, and California as moratoriums in California. I used to be could be able to ride in California. I can write life insurance in California, but California is just another I say it's another country all together. It's big enough to be a country, by the way, and New York is so many people live there. It's like a small country. But those are only two states I cannot write insurance, and only because my, my my insurance companies, they just don't write in those states. So let me do the looking for you. When you go online, looking shopping for car insurance, you're putting a lot of personal information online. You're going to receive a lot of phone calls. I do not share my information that I received with from you, only the company that we select. So after doing business with me, you're not going to get repeated phone calls. I don't share that information with anyone. And let me tell you how it works. This is how it works. When you go online and put all your information online, you know they call algorithms. Those algorithms on the computer picks up your information and they sell that in. Information to insurance agents as what we call in the business a lead. So an insurance agent buys that lead. It's a hot prospect lead. It has your name on it and hopefully the correct phone number, right. So they call you and they and they sell this lead, not only to this one agent. They sell it to multiple agents, or, you know, this is why you receive a lot of phone calls once you go online. I talked to a customer, and he said, I heard you on the radio over at 91.5 and you absolutely right. He said, I received phone calls for the last three months. But, you know, he was so fed up with how it works when you go online. He just decided, you know, I heard you on the radio for the very first time, he contacted me, and he hasn't received any other phone calls since, because, again, I don't I do not share your information that I received only the insurance company we select, regardless, Home Model life insurance, boat motorcycle insurance. And again, I'm looking at, I'm looking at commercial insurance to move forward writing commercial insurance right here in the state of Nevada. One other thing, you know, it's final expense. Life insurance is something we all going to we all going to have, we're going to have a final expense. Now, if you look into, you know, save money wherever you can. And you've had a life insurance policy, do not cancel your policy. You know, it's good to get an insurance review. Offer no obligation reviews. And sometimes, you know, I've referred my customers, you know, I just can't quite afford it right now. What can I do, especially at the end of a term policy period, what can you do? You can reduce the face amount, if a pilot, if you can't, you know things have happened, your hours are reduced, or something has happened where your budget is a little bit more tighter than it was. Let's talk about reducing your face amount on the life insurance policy. That is an option. You can contact your life insurance company and talk to them about reduce face amount to fit in your budget. And it's no, don't be ashamed. Tell them. Tell the insurance company what you can afford. So hey, you know, my payment is XYZ. I can't afford that right now. Can we get it reduced down to this much? What? I don't want to cancel the policy. Keep it, keep it transfer and ownership. This is another you know good information. If, in case, you have one of your loved ones, they can no longer take care of themselves, mentally, physically, then you may want to do a transfer of ownership on life insurance policy. Now you could be the owner, the beneficiary and the payer, especially if you have a loved one that's going into a nursing home, because they could take the life insurance policy as an asset from your loved one. For instance, if your loved one may have Alzheimer's or dementia, they might say that, hey, you know what? You know the life insurance policy their asset. So we're going to be primary beneficiaries on that life insurance policy. Now, you know, it gets a little different if you have a trust, I encourage you get a will or trust, because it can protect your family members. Change a beneficiary form. What that means is, if your beneficiary has deceased or you've gotten a divorce, you may want to change the beneficiary on your life insurance policy. You may want to consider changing the beneficiary, because if you are divorced, or if you lost your loved one, maybe the husband passed and he was a primary beneficiary on a wife's policy, and then and he was the only beneficiary, then you need a new primary beneficiary, and especially if you don't have a contingent beneficiary. I don't want to get I don't want to get you confused. I'll walk you through this process step by step. It's very simple, very easy. I've been doing this a long time, and there's nothing I have not heard so don't, don't think this is unique and unique situation, and most of them are not. I will figure it out. We'll figure it out. Here's another one. If you have a loan on your life insurance policy and you haven't paid on your loan, because every seven years, that loan could double. It's called a rule of seven. So if you borrow $2,000 and then all of a sudden, now seven years go by, that 2000 becomes 4000 and another seven years go by. 4000 now becomes 8000 I've seen it happen over and over again, and the policy arose because now the loan is eroding the policy, because as a client, you never paid on the interest and you never paid on the loan amount when you pay your premium payment and you've taken a loan out on the life insurance policy, that premium payment only pays for the premium for the life insurance policy, it doesn't pay any amount extra for the loan. My name is Don Marquez. This is your insurance connection. My contact phone number 702. 236, 62624, 702-236-2624 my location is I go on the corner of Sahara Rancho in the US bank center, eighth floor. I work by appointment. My business hours are Monday through Friday, from 10am to 5pm 702-236-2624 go out and enjoy this beautiful day and happy Mother's Day to all the beautiful mothers out there. We'll talk next week. Have a good week. You.
Transcribed by https://otter.ai