Latest / DA CREW Podcast / DA CREW PODCAST SEASON 1_ EPISODE #89_HOST BLAQUE DIAMOND_(SHOW #12)

Transcript

DA CREW PODCAST SEASON 1_ EPISODE #89_HOST BLAQUE DIAMOND_(SHOW #12) · DA CREW Podcast

0:04
Meet our cruel podcast. We are the change we desire to see in this
0:08
world. If you won't change, you have to be the change you asked
0:17
him we delivered. Will now grab your one page inside the directory only twenty
0:22
five dollars, first come, first served. Allow your brand to be seen
0:26
around the world the name that the fuecast released You. Are you tired of
0:39
the burden of past financial mistakes weighing you down, Look no further than BHG
0:44
Credit Solutions, the industry leader in credit repair. We understand the challenges you
0:50
face charge offs, late payments, bankruptcy, and those daunting student loans,
0:55
but don't let them define your financial future. Here at BHG Credit Solutions,
1:00
we've got your back. Our team of dedicated professionals specializes in turning credit adversity
1:06
into opportunity. We work tirelessly to dispute inaccuracies, negotiate with creditors, and
1:11
to develop personalized strategist tailor to your unique situation. Our proven track record speaks
1:18
for itself. Countless satisfied clients have seen their credits cause sorde turn off.
2:00
Take a shower shower together, I wash the funding to wash my hand.
2:12
DA me so hot boiled day and say choice. Turn on, Come girl,
2:40
I want to give you a special tweet. You're so sweet. Turn
2:46
on. I don't know Jackie Drummer, wrongfully incarcerated over thirty three years.
3:00
Please support the Free Texas campaign. Basic Black After Dark All lou podcast show
3:10
with your host Black Diamond. Hey everybody, this is Black Diamond from the
4:10
Crew Podcast Network, episode number eighty nine of the first season, and you're
4:15
listening to a Basic Black after Dog, the show that meets you where you
4:18
are and gives you the information you ask for, and from time to time
4:23
we will discuss sensitive topics. But before we get started tonight, I want
4:28
to thank Pat Johnson of Youth Writers Rock for donating tickets for tomorrow's night show
4:32
to hear Marcus Johnson and Eddie Backers Junior the Jazz in the summertime at the
4:38
Gordon Center in Owens Mills, Maryland. So just be calling number twelve and
4:43
get those tickets. Now. Everybody would benefit from investing in themselves, So
4:48
why not invest in life insurance. I know the process can seem overwhelming,
4:54
but it becomes an important step people usually put off, whether it's not knowing
4:58
what kind of life insurance just right for you, such as term life insurance,
5:02
whole life insurance, or universal life insurance, or you're just not sure
5:06
where to begin. You know you can simplify the process and better understand what
5:13
policy might be right for you. We are speaking with money coach and life
5:16
insurance agent Veronica Randall tonight. Welcome, I guess miss Veronica Randall. Hey,
5:31
Veronica, how are you doing tonight? Veronica? I got a question
5:46
for you, Veronica, for tonight. Can you hear me? Yes?
5:51
Okay? How are ye? I'm fine? I am really doing well.
6:00
Okay. So I definitely want to talk about this subject because not too many
6:03
people are interested in it, but it's important. I got a question for
6:08
you tonight. My first question is what is the difference between life insurance that's
6:13
whole life insurance, term life insurance, and universal life insurance. Good question,
6:20
good question. Well, whole life insurance is insurance that it's a whole
6:32
life insurance. I think that's something that most people are going after home life
6:36
insurance, and if I'm correct, term life insurance, I think it's for
6:42
the term or maybe the term of the amount of time that you put into
6:47
it. Maybe if you have it for maybe a year that you may be
6:53
invested in that. Now universal, I think that one is a lifetime universal.
7:00
Yes, universal, whole life. Universal, go up on the whole
7:05
life. They just call different names, but there's still whole life because they
7:10
have a cash value connected to it. And then and then term as insurance
7:18
just for the term. Because you don't need life insurance all your life,
7:23
I mark it term life insurance. I mark it term life insurance, and
7:28
I invest the difference a post whole life insurance because like I said, you
7:35
don't need life insurance all your life. You need to be paying for life
7:39
insurance all your life. But whole life insurance was something that was entered into
7:42
our community back in the day because it was told that you have a cash
7:48
value. And when you talk about cash value, you know we as people
7:51
cash value. Yes, I need that. I can use that because they
7:56
would say you can use your cash, you know, send send your kid
7:59
to school. If you need extra money, you can cash in your policy,
8:03
or you can take some of the cash out of your policy. Well,
8:07
so it's whole life insurance what people consider a whole lot of nonsense,
8:11
or its term life insurance a better investment. Well, it's what's best for
8:18
you. So that's why market term, because I can invest the difference,
8:24
meaning that again whole life insurance, you have a cash value connected to it.
8:30
And people borrow money off their life insurance policy and they have to pay
8:35
that money back with interest. So some of the people borrow and they keep
8:39
borrowing, they keep boring, but their value of their whole life goes down,
8:45
so they think and they just barren off a thousand dollars And for instance,
8:50
like if they had fifty thousand dollars and they barred a thousand, so
8:54
they think, well, now it just makes my whole life insurance forty nine
8:58
thousand, But it really does it. I mean, they're just hypothetical numbers.
9:01
They're not true numbers. I'm just giving you an example. So that's
9:05
when people start barring and they gotta pay that thousand dollars back with interest.
9:09
So why am I having a policy and I got to pay the money back
9:15
that's already mine? Why do term? I still have my term life insurance
9:22
policy and I'm investing money at the same time, and I can go and
9:26
get my money out anytime I want. I don't have to pay back my
9:31
life insurance policy is not decreasing. So those are two different things. And
9:35
you know we can get deeper. If anybody needs different deeper information, you
9:41
are more than welcome to call me at four four three six five three one
9:46
nine six six. I do what's right by you. I explain it.
9:50
I make sure you understand it so that you can get what's best for you
9:54
and your family. Because you don't want I'm sorry, go ahead, No,
10:00
you go ahead to finished because you don't want to have to have a
10:03
policy when it's time to use it. It's not where you thought it was
10:07
at. It has already decreased because money has been taken out. That money
10:11
has not been paid back, that interest has not been paid back. So
10:16
those two together is like it's like vinnekan all mixing together because if you take
10:22
that out. Now I had this policy, it's not what it was supposed
10:26
to be. Mama said it was one hundred thousand dollars. I go get
10:28
this policy. No, it's nowhere near. Now it's forty thousand. We
10:31
have a question here the accent. Why do people borrow on their policy?
10:39
Me? I think that some people borrow because they need maybe need the extra
10:43
money could be maybe for a funeral, maybe an education, or maybe a
10:48
trip. They figured, well, you know, I'm here and I'm going
10:52
to spend it. I've been putting the money into it so i can spend
10:54
it on myself. That maybe some of the reasons why some people borrow against
11:03
it. We have a question here for you that why do people borrow on
11:05
their policy. People borrow on their policy for different reasons, just to know
11:11
that they have a cash value. And you know, you know another reason
11:16
people borrow money is because they need money. So not only do we teach
11:20
you how to invest your money, we also teach you how money works.
11:26
Because we don't have instructions on how money works, so we show you all
11:28
those techniques so that you can be set up so you don't have to borrow.
11:35
You can you can invest your money and have that money there so as
11:39
needed, you can take it out and don't have to borrow pay anything back.
11:43
I'm trying to keep it as simple as possible. This question has been
11:46
on my mind. Is there any reason why a person should not have life
11:50
insurance? The only reason you should not have life insurance if you have money
11:54
in your bank and if something happened, you can go directly to that bank,
11:58
pull that money out, have that service, and you're good. But
12:01
other than that, yes, other tax bracket. I would say, why
12:09
do you think some people are not covered? Are the rings too high?
12:11
Or do people believe that they're not gonna die? Help me understanding, because
12:16
some people think they're gonna live forever. So I hope they don't think they're
12:18
not gonna die, because we all even this earth someday. And then because
12:22
people don't people don't know, they don't have the information. No one is
12:26
telling them the information. And I'm willing to tell anybody the information that needed
12:31
because we need it. Young. Oh, we need to be protected also,
12:39
we need to be protected. Like if you were in a household with
12:41
a husband, wife and children. If something happened to the husband, what's
12:46
going to happen to the family because his income is gone, there's no life
12:50
insurance there, there's no protection there. So now let's look at that's what's
12:54
looking Let's look at what happened to the family. If there's no life insurance
13:00
and the husband passes away golf a bit. He's the bread winner, he's
13:03
the one that's bringing in the money. So now he's gone so now you
13:07
have the wife and the children, what's gonna happen. They're not going to
13:11
have that house if the wife can't afford to pay it. Some kids not
13:16
going to be going to private school because there's no money there. But if
13:20
you have life, is life insurance benefits guaranteed? Say that again? Is
13:26
life insurance benefits guaranteed? Yes? Yes, if they're set up correctly,
13:31
Yes they are. With my term, they are set up because we set
13:35
you up based on the husband, the wife, the children, the house.
13:41
We have a formula set up as to how much life insurance a person
13:45
would need and like and again it's based on married children, a house,
13:52
you want to pay for education, you want to pay your house or all
13:54
that stuff. We take in those numbers we take in consideration before we,
14:00
you know, we figure out how much life insurance you need because most people
14:03
are under ashore under insured. Most people have like fifty thousand dollars life insurance.
14:09
Well, if you have a family, where is that? What's gonna
14:13
happen? So so so so we say a life insurance is like your last
14:18
love letter. I've loved my family so much that I protected my family.
14:24
We have to do income protection. That's the first line of getting your house
14:26
in order. Income protection, because we want everybody to be protected. So
14:33
we have We have insurance in our car, we have insurance in our phone.
14:37
Why not having a wance in our life. We know we not gonna
14:41
be here, but I need to take care of my wife and my kids.
14:45
I need to leave a legacy. I need to have something set aside
14:48
so that in case this is what's gonna happen, not only not only my
14:54
family gonna be said that I'm gone, but they still gonna be able to
14:58
live and build. I like what you said about it being your last love
15:03
letter, you know. I like that. I never thought that it would
15:05
be put in that way. This question has come across me too, What
15:09
if my health, what if my health changes, or if I need more
15:13
coverage in the future, came my policy change? Your policy can change.
15:16
If you already have a policy, you can increase it. But when you
15:20
increase it, you still have to go back and do possible that you have
15:24
to go do medical. So if you had a policy in place ten years
15:28
ago and you want more, they're probably gonna have to do medical on you
15:33
again just to make sure because they don't. They don't want to give you
15:37
know, most insurance is not going to give you a increase if you if
15:43
you like terminal, you're not going to get that policy. You're not going
15:46
to get that increase. So what what kind of life insurance should a middle
15:52
age person get fifty years old and they're just getting life insurance? Is a
16:00
type of life insurance they gain? Again, I'm a term life insurance girl.
16:04
Invest the difference. Get that life insurance for him based on their life
16:08
again, based on if they have a home, based on if they have
16:12
children, a wife, or whatever. That's how we're gonna base it on.
16:17
We're gonna we have some questions to ask to see where you are again,
16:22
because again, life insurance is needed, It's a must. It's a
16:26
legacy. Life insurance starts a legacy for your family as well. I mean,
16:30
just think of master P. Master P, his grandfather left him a
16:33
legacy of ten thousand dollars when he passed away. Look a look at master
16:37
P. Now I'm not saying that that ten thousand on a day, but
16:41
he started stuff. He started a business with that ten thousand dollars. Think
16:45
about if you left a legacy for your child, your children, what they
16:48
could do, because we all have ideas and dreams. If somebody left me
16:52
a legacy, I'm gonna know what to do, and I'm gonna be happy.
16:56
I'm gonna be sad again that they're gone. But i'mnna be always talking
17:00
about my grandfather because he left me ten thousand dollars. Let's start my legacy.
17:04
The life expectancy nowadays can be a little murky. Some older adults are
17:08
living into the late nineties and some are and there are some individuals who are
17:14
not living past their twenty first birthday. Why is there a difference in the
17:18
amount of insurance and rates of insurance that an eighteen year old can be covered
17:22
from and then an eighty year old. Because I'm saying it's like, you
17:26
know, you can go at any age, and with what's happening around most
17:30
of us, if not all of us, those there's some people who are
17:33
not living past their twenty first But I'm looking at some older people and I
17:37
don't want to I'll say legends. I call them legends who are living then
17:41
into the eighties and nineties. But the insurance policy is the rate is different,
17:47
wouldn't it or shouldn't it be higher for a younger person because they seem
17:52
to be targeted more for a lot of the crimes that's going on. As
17:56
you get you can get life because life is depend on your medical if you
18:00
would, if you want good health, your medical your life insurance can be
18:03
cheaper if you're younger. That's why I recommend kids start getting life insurance when
18:08
they're young, even babies. People should put life insurance on. Babies can
18:12
get Yeah, babies can get life insurance. I think when they're thirteen days
18:17
old. Oh wow. And then um, if you have multiple children in
18:21
the house that's less than twenty four, you get a policy for each one
18:26
of those kids with one amount, paying one amount. I remember when we
18:30
were young and we had whole life that our insurance man would come to our
18:34
house. My mom had a book for each child. She had to pay
18:37
a fee for each child. With my term, it's one fee for all
18:42
those kids to be covered. Are you serious? So, because everybody know
18:48
that I have a couple of kids, I have a couple of kids.
18:52
I have insurance for my kids. I'm gonna say a little lower. I
18:55
have insurance for my kids, but one fee is saying, yeah, they
19:00
for all kids, all my kids was covered under me and only had to
19:03
pay one fee for my children when they got older, the policy that they
19:07
had went into their own individuals where they start paying their own life insurance policies
19:11
so that it carries on to them. But what you had for them,
19:17
that can move right over into them where it can be broken off and just
19:21
they can continue it. So is there's something that they would have to do,
19:25
like would they have to then do another medical if they increase it,
19:30
they would have to do another medical. If they kept it where it is,
19:33
they can it can go into their own policy because it's because it's just
19:37
them, you know, single. But if they became with a family,
19:41
then they would have to get a whole new policy with their family. Right,
19:45
so they keep the same policy and then get an additional policy for them
19:49
and their family. Can they have those two what the one of they had
19:52
with me would be gone that I had with them, but they can start
19:56
getting their own policy. Yes, Okay, wow, wow, Yeah,
20:02
I'm just so into this right now. We're gonna take a commercial break,
20:04
but I'm gonna pull out my policies and it's like to see what I can
20:08
what can be done with them? I know I'm going to keep them,
20:11
but I'm gonna look in there and and look a little bit better at the
20:15
fine print because there I've had these policies for a while, so I'm gonna
20:18
look at them and um, we're gonna be back with Veronica and and talk
20:22
more about it. So we're gonna go into a commercial right now. Turn
20:44
off good, I can tonight. I'm yeah, let's take a shower shower
21:07
together. I wash your bubnick, you wash my heart, Dad me so
21:21
much boil the same choice, turn off. Come girl, I want to
21:44
give you a special treat. You're so sweet. Channel Wow. Well we're
21:56
back with a rounda come Randolph, and we're talking about life insurance. And
22:02
one of the questions I did ask was about medical examinations to get covered.
22:07
And you mentioned something about terminal illness. So a person just say a person
22:12
was already covered and they became very sick for whatever reason. Is there any
22:21
policies that do medicals every month, like every couple of years, maybe because
22:27
that person has reached that milestone of a different age bracket. Would they then
22:33
do it, like say the person had coverage for at least fifteen twenty years
22:37
and now they're over sixty five years of age. Would they requested that person
22:41
do a new medical. No, you don't do them. You only do
22:47
a new medical if you're trying to increase. Anytime you're trying to increase,
22:51
that's when you're gonna do a new medical. Okay, So let me asks
22:55
what I what I do. I don't know what other companies do, but
22:57
what I do? You have your medical, you have your policy. If
23:03
you're trying to get more, then you would have to do another medical.
23:08
Okay. If the amount of person is covered on a life insurance policy?
23:15
Um, is it based on race? So you can have two individuals one
23:21
just say I'm just gonna throw something out there. No shade again to anybody
23:25
African American and maybe Latino or or Caucasian. Would there and they're both the
23:32
same age twenty five, work in the same types of jobs. Would it
23:34
be more for one culture, one race than the other? No, it's
23:41
not. It's truly based on your on your medical, your medical, do
23:48
you smoke? You know, different stuff like that. We have they look
23:53
at your they look at your medical while the under the underwriter look at all
24:00
that Okay, So it's not like because you that you pay this or because
24:03
you that you pay that. No, we have a question here is um
24:08
They ask them why did some health conditions keep you from getting coverage? A
24:15
person could be like say, chronic asthmatic, or a person could have in
24:19
mask or a person could have um several palsy or something. Why would that
24:26
stop you from getting coverage? Well, shouldn't stop you from getting coverage?
24:33
Um? Well, sometimes it all depends. Like I said, that's not
24:37
a question for me. That's a question for them from the underwriter. That's
24:41
a question for somebody who goes into looking at your medical I don't I don't
24:45
look into the medical I don't make a decision whether you are or you aren't
24:49
approved. You know, that's just through your medical They look through your medical
24:53
records. So a baby that was you said, thirteen days old, pament
25:00
wants to cover that baby? Baby can't be covered. What if that baby
25:07
was born as a substance exposed newborn that they had positive toxicology? What they
25:15
cover that baby? Babies over thirteen days old? Now that's still for the
25:21
underwriters to determine. Yeah, wow, that's a stringent strangent job what you
25:29
mentioned it earlier. What are the penalties for borrowing against your policy? Or
25:32
are their penalties for borrowing against you? I know you have to pay back
25:37
some interest, but are there any other penalties. It's just the only penalties
25:44
off the top of my head in reference to that, because I don't do
25:47
cash value. But you have to pay those that interest back. If you
25:52
don't, it's taken off, it's taken away from your policy. It's decreasing
25:56
your policy. Is there any other reason that a person would be denied life
26:02
insurance? Is there any reason why somebody would be denied and any other reason
26:07
besides that medical? Is there any other reason? Sometimes if people just giving
26:11
the wrong information? You know you you you said I you know, you
26:18
said, I ask you do you do this? You said no? And
26:22
I ask you mother questions and you said no. And you know you said
26:27
no to everything that you know is true. But but but as a you
26:32
know, as an agent, I you know, I gotta, I gotta,
26:34
I gotta do what's right. I'm not putting down that you don't smoke,
26:38
and I know you smoke. You know what I'm saying. I'm not
26:41
jeopardizing me because I'm doing what's right. I'm doing what's right one hundred percent.
26:47
Wow, I'm breaking that down to you one hundred percent as to what's
26:49
right. That's like a person telling you that they don't smoke, they do
26:53
a medical they got emptasy one. Yeah, And I'm in your house and
27:00
I see that you're smoking, but you're putting down here. No, I
27:02
put smoking yesterday. That's not gonna fly smoke yeah, yeah, yeah,
27:10
because because if not, then then you know you I'm in trouble again.
27:15
I'm doing us right. I want you to have insurance. I want you
27:19
to be covered, but you're gonna be covered the right way. You're gonna
27:22
be covered with the truth. Well, okay, you have life insurance from
27:27
your job. Should you get additional coverage or it's having more coverage too much
27:30
coverage, it's never too much. But if you have life insurance with your
27:36
job, that life insurance that you have with your job is yours and everybody
27:40
else that work on that job. So you need outside life insurance that's gonna
27:44
protect you and your family. You're not even it's not even guaranteed that you're
27:48
gonna get that life insurance off your job. It might be stipulation that you
27:52
know, because you don't have paperwork on what type of life insurance you have,
27:57
how much life insurance do I have? What is covered? You don't
28:00
have that. So so somebody on the job could have passed away with one
28:04
shoe on, one shoe off, and they'd be like, oh they did,
28:07
oh well they didn't qualify because they didn't have both shoes or when they
28:11
passed away. I mean that's just an example. I'm getting it. I'm
28:15
just you know, it's an eye opener. They like, Wow, yeah,
28:19
you definitely definitely need to be covered again because you are covered in your
28:25
car and shoance, you're covered on your phone. Why not life? I
28:30
mean, have your your life protected. It's not for you, it's for
28:33
your family that meets that coverage. Some people, I think they believe if
28:37
they have a car, their car is covered. They get into an accident,
28:41
they get the money from the car, you know them from the accident.
28:45
So I guess some people may be thinking that way, but you may
28:48
not walk away from that. And all your families want to get is what
28:52
you had from the accident, exactly, So I get it. How many
28:56
beneficiaries can be on the policy how many one beneficiaries can be on a policy,
29:03
you can have you can have your children. I mean, I mean
29:08
you can have you can have a few. Yeah, you can have a
29:11
few, but they have to be older. They can't be young kids.
29:15
So you can't have a minor on your policies. Have a minor. You
29:18
cannot. You cannot because because because if you passed away while they too,
29:22
but they're gonna do with the money they don't have with it. But you
29:26
can you can have somebody else. You can have your say, say you
29:30
had your mother's your beneficiary. That's fine, and you have a young kid.
29:34
But along with that, along with that policy, and I'm just going
29:40
somewhere else, but we're not going to stay there. You can have your
29:41
will, and in your will it states that my mother is a beneficiary,
29:48
but X amount of dollars go to my daughter and my you know, to
29:52
my child. I never knew that. I thought that if it was a
29:56
minor and they were the beneficiary, you have I have to have a contingency
30:02
policy or something like that. Would that be like the will that you're talking
30:06
about. I thought it will be a contingency policy. You can have a
30:08
contingency. You can have a contingency on your policy. I'm talking about my
30:12
policy. I'm still on the term side. You can still have a content,
30:15
but they got to be old enough because there's no way if something happened,
30:18
they'll be able to take the money and know what to do if at
30:23
their age. So that's why we don't do minors. Oh, I thought
30:29
it was if it was a minor day. Because some people leave their life
30:33
insurance policy to their grandchildren, and their grandchildren could be miners. Well,
30:41
better to oversee that for them. Yeah, because it's not that ch'ad.
30:45
You weren't taking care of that, y'all anyway. Well, well, then
30:47
that's while you have a will and you specify what you want that money to
30:51
go for and who you want that money to go to. This thirty thousand
30:56
and you're will, you have that thirty thousand dollars is boom boom boom,
31:00
eighty thousand dollars go hit, ten thousand dollars go towards his college, fifteen
31:03
thousand dollars go to US so and so, blah blah blah. That's why
31:04
you need to have a will as well. But that's another day, another
31:08
subject. Is it a good idea to have end of life arrangements? You
31:14
know, people have policies and some people don't look at making arrangements. They
31:19
just figured I got twenty thousand dollars policy, and I don't need to make
31:23
any kind of arrangements at all because I got the policy. I don't want
31:30
to. I guess I am asking you that question. Yeah, well,
31:33
I mean well, I mean you can because sometimes people don't know what to
31:37
do with the money. So if you have a p everybody needs to check
31:44
that. I'm gonna just say that the first ten people who call me at
31:48
four four three six, five three one nine six six, we can sit
31:55
down. We can go over your policy because you need to start checking your
31:57
policy. How much is yours so that you will know and if you know
32:04
that you don't have it, yes, that that end of life arrangement need
32:08
to be made. You need to go to Kindom Prices and let's sit down
32:15
and less invest so we can have that money. There the number money number
32:20
number. Sure, it's four four three six, five three one nine six
32:29
six four four three six five three one nine six six. Get a free
32:37
gift, give me a call. We're gonna give you a free gift.
32:40
But yes, you definitely need to write this stuff out. You know,
32:44
back in the day we didn't have to do that, but nowadays we need
32:46
to be clear. We need to be set up right so that when stuff
32:51
happened, everything is in the order and decency and order. So I can
32:57
help you do that. I can help you take you through those steps.
33:00
It's not hard, it's not a lot of information, but there's a lot
33:05
of information. But if you want to get it right, let's get it
33:08
right. I've been getting a lot of information from you tonight. Um,
33:14
just mind blown with some of the things I had not known myself. You
33:19
know, you get a policy from work or you get it. You walk
33:21
into a policy and you're thinking, oh, well, I'm covered. I
33:23
got life insurance. You know they're talking, you know, some agents are
33:28
talking to you, and it sounds like they're talking a good game, and
33:30
yeah, you got you got coverage, and your your baby over here will
33:35
be covered if something happens, and your spouse will be covered, and you
33:37
know, everything looks good. Everything that they're saying sounds good. And then
33:42
you're you're getting up from the table and you're saying, well, I'm covered.
33:45
I'm good, I'm covered, But it still seems like there's that underlining
33:50
thing not to say that they're trying to pull the wool over your Yeah,
33:52
yeah something. It's just not right. It's just not right. Yeah you
33:58
got you know. They always say it is not UM. What's how they
34:07
say that's not what you care about? Is how you care? Show me
34:09
that you care. I care because I want my people to be right.
34:13
We we we we was in positions where we wasn't treated right or we didn't
34:16
have the right information. So we just was getting this, this and this,
34:21
and then at the end of the day when it was time for things
34:24
to happen, it wasn't there. The amount they said wasn't there, so
34:30
we stuck. We're doing go fund me, go fund me. Or is
34:34
not a life insurance policy. Somebody you know who them been out here,
34:38
had a life, worked all that life, had a good time with life,
34:43
blah blah blah whatever, and now you want me to do or go
34:45
fund me? Insurance is not to get your mind together and set that up.
34:53
Yere question came up. Does the UM does a change from state to
35:00
state because insurance change from state to state. No, No, I'm licensed
35:07
in different states when I go through when I when I ensure somebody in South
35:10
Carolina, North Carolina is the same as I'm doing here in Maryland, it's
35:15
the same, all right. You know, you have so many people like
35:19
you was mentioning with the go fund me. It's really not fair to leave
35:23
it on your family to have to be right. They want to make sure
35:30
that you put away in a respectful way, but you have to be able
35:35
to have the funds behind in order for them to be able to do that
35:39
for you. And if you pay for everything ahead of time, you know,
35:45
then you know that you're you were put away, that you're going to
35:46
be put away because you're not giving the money to taking it down. I
35:52
believe to the place that you're choosing to take care of you once you're going.
35:57
And then you get you know, you you look at everything. You
36:00
can't even look at the coffin, the lining of your corfin or whatever how
36:04
you want to go, whether you want to be cremated or whether you want
36:07
to be laid out how you want to do. Some people are going so
36:08
far as picking out these suits they closed there this, and I get that,
36:15
I definitely get that because it's just more now than before that I've seen
36:20
that happening. Yeah, And another thing was my the with my term insurance
36:28
is that when Nan eleven happened, those insurance policies did not pay out,
36:36
a lot of them policies did not pay out because in those policies to talk
36:40
about a terrorist attack, if it's a terrorist attack, they didn't pay out.
36:45
But our company, we paid every last one of our people. Every
36:50
last one of our people were paid. I did not know that those families
36:53
didn't get the money from one of them. Families did not. Yeah,
36:58
that is the polo did not pay out. And then and then you hear
37:02
like um black on TV when they be talking about different policies that you that
37:07
I hear you know, you know, I just, I just, I
37:09
just. I just do what's right all the time, one hundred percent by
37:14
my client. I'm doing what's right. And I listened and I listened to
37:16
on how they say you can get a policy, you don't have to do
37:20
no medical blah blah blah. Yeah, I heard that where are you getting
37:24
insurance? And they ain't and they ain't proven that whether you're sick or not.
37:31
Let me ask. I know you had touched on it earlier. You
37:35
gotta, yeah, we gotta, we gotta start thinking hind the world.
37:38
They're gonna give you some fifty thousand, fifty five hundred thousand life insurance and
37:44
you don't get a medical exam. Well, yeah, because somebody gonna off
37:47
you real quick for that that kind of or you may do it yourself just
37:51
so you can leave your family, you know the type of money. You
37:54
know again, I'm going back to insurance for a younger person, insurance for
37:59
an older person. At what age are you uninsurable? Because I know they
38:07
capped it off at some age because some places will say eighty, it's like
38:12
eighty. Mine is like what I do is eighty because at eighty you're not
38:15
gonna get insurance. At eighty you're gonna be paying two three hundred dollars a
38:20
month. You can take that money that you want to. You can take
38:23
that money and invest it and let that money grow, and that go your
38:28
money for your funeral right there. Now. Some people take out a policy
38:34
just say they take out twenty I say, twenty thousand dollars policy and they've
38:38
had it for a while, and then when you look at the time that
38:42
they've had that policy, they've already paid that twenty thousand to pay twenty thousand
38:46
dollars over and over and over again. This is why I do term.
38:51
This is why I say, you don't need life insurance all your life.
38:55
You just need it and invest the different and have your money invested in growing
39:02
and when your term done, you got your cash right there, cash is
39:06
king. You got your money there. So if I have insurance from one
39:10
company and say its whole life your company, and transfer what I've had or
39:20
it's just overweight from that company, h it's overweight right now. I don't
39:27
love your company and I had whole and I want to change it over to
39:31
term. Can I do that from what from my company? We I only
39:37
minister term? Oh yeah, yeah, yeah, I only do I only
39:43
do ter. Yeah. But you can. You can. You can even
39:46
though you have a whole, you can still get a term. You know
39:50
what I mean? Basically stuff like that. And let me I'm gonna just
39:52
do it. Let me. Let me just do a visual example of what
39:57
I mean when I say, hold, I just happened to be here,
40:00
and it's some fruit. It's not going to be here, and it's some
40:01
fruit in the house. Say this is whole life. This is the whole
40:07
life policy that you have. And they say you have the cash value with
40:10
it. Say this is fifty thousand dollars and I have my cash value too,
40:15
right, and say I've never borrowed any money, so this is growing.
40:22
And I have my fifty thousand and this is growing, right, And
40:27
now you have the cash value and you have your fifty thousand dollars life of
40:30
Jrance policy. Now if something, if you never borrowed any cash, well,
40:36
if you borrow cash, you took some money out, this is going
40:39
to decrease. Is not gonna be fifty anymore until you put all that money
40:44
back in plus interest, and it still might not be fifty all the way
40:47
yet. But if you have the whole life in the cash, and you
40:52
never borrowed, and you have this cash value and you have this life with
40:55
joy, and you was to pass away, which one you're getting You're getting
41:01
that cash value or you're getting that fifty thousand dollars life inshore which one you're
41:06
getting or what you're gonna get because you're not getting both of them. You're
41:14
getting It's like you gotta red bottoms and now you're gonna passed away. You're
41:20
only gonna wear one because the other one, because the other one going straight
41:24
to the insurance company. So why not about term invest the difference and you
41:31
will always have both of them the value keep. You're gonna keep investor.
41:38
This stuck a gonna get high. Well, I'm glad that I already had
41:44
to tell me number. You know where you live. So some go wrong
41:49
with my policy, I can just check on over there. But you gave
41:53
me a lot to think about, a whole lot to think about, and
41:58
I'm gonna definitely talk to my family about They don't have to tell me what
42:00
policy they have and what times. They don't even have to tell me that
42:04
they made me the beneficiary. They don't have to tell me that. We
42:08
just want to know that you are covered, because everybody don't want to put
42:14
in there to make sure you Okay, you know what I mean. Everybody
42:16
don't want to cover you at that time. I don't want to cover you,
42:21
and some people might even be I don't want to take care of your
42:23
kids either. But if they know that you are covered and you left for
42:28
legacy and you left the money for your kids, okay, I'll take in
42:30
your kids because down you got money, because I ain't. I don't have
42:34
the money to take care of your kids. So we have to start thinking
42:37
better and asking the questions. We have to get out of that old funk
42:45
and start to realign where we're at now. You know, we won't forget
42:51
where we came from, but a lot of that that's not working for now
42:54
because time has changed. Things have changed. Yes, yeah, so again,
43:00
you have her number here four four three six five three nineteen sixty six.
43:07
You can contact her number. Please, it's no charge. Contact me.
43:15
Let's have a convocation, Let's have the conversation. Let's have some money,
43:20
UM, some money. UM parties. You know we can always do
43:24
um anything. We had possible parties, we had makeup parties. Let's have
43:29
some final three parties. Let's just get on point. Let's just change up.
43:35
Let's let's just change the dynamic so that we can get better because we
43:38
can. We don't have to live in poverty. Not saying that everybody people
43:42
do what I'm just saying. We don't have to live here. We can
43:45
grow because anybody else growing. Why are we not growing? We work every
43:49
day, money, we teach you how money works. We show you what
43:52
to do with the money, how to make the money work for you.
43:57
Because life want to be good. You want to go on vacation and not
44:00
take the rent money. You want to be able to do things. But
44:05
if you don't understand money, you'll keep hitting the wall. You keep getting
44:08
paid on Friday, and you broke Friday night, and then you start talking
44:12
about in two weeks what I'm gonna do with the money when I get it.
44:15
We don't have to be that anymore. We can learn the game.
44:19
I know the rules to the game. Now. We never knew the rules.
44:22
We never knew the rules. I know the rules. Let me teach
44:24
you the rules. I appreciate that our information. Is there any other way
44:30
that they can content un you offer that if they? Oh, somebody has
44:35
a question. Why does the funeral home try to take most of your policy
44:37
when you pass away? Why? What? Why does the funeral home try
44:43
to take most of your policy when you pass away? Because you're not prepared.
44:47
I'm gonna just say that because you're not prepared. You're not prepared.
44:52
If you prepare, they ain't gonna take it because they know you're gonna be
44:54
like, Oh, that ain't right. I ain't gonna do that. Bloh
44:59
whatever. Not prepared, you want to get prepared. Let's get prepared,
45:05
because Paul, I do believe I do. Once you get up, once
45:08
you get that, feel wrong your policy. They do whatever they want to
45:12
do. But if you get prepared ahead of time, you already have stuff
45:15
lined upset up what you want. You know, you will be at peace
45:22
in your mind, will be at peace because because at that point you already
45:24
like this because someone passed away, you love. But if I had stuff
45:29
in order, I'm like this because I got my stuff in order. So
45:36
yeah, start you know, my my myum my prayer is that we get
45:40
our kids um covered. We'll start getting our kids covered because our kids is
45:46
leaving this world too fast right now. Let's get our family protected. Let's
45:51
get our kids covered. It's not a lot we waste money every day.
45:54
Let's get our kids covered. Yeah, a couple of coffee. Won't say
45:59
what place you getting DIF from, but a cup of coffee, you can
46:00
start adding it up. You're getting it every day. Put that money aside
46:05
to help with that life insurance policy. Yes, say, man, I
46:07
see that, I see that. Now you offered something in the beginning again.
46:14
Yes, yes, let's change the world. Let's get our cultural knowing
46:20
what we need to know about insurance. Let's get our culture ready. So
46:27
you said the first ten people, you are gonna the first ten people that
46:31
yeah, that text me or or they might text you there get a free
46:37
gift. All right, Yes, well, you guys have my information.
46:42
You know, I'm on Facebook. Are you on Facebook? Because the other
46:45
ways that they can read you, they can email me, Veronica are fifty
46:55
one at outlook dot com. Yeah, but it's better they can call me.
47:00
I'll answer my phone or text me on your phone, text me your
47:05
name and number and I'll text you back. I'll call you back. It's
47:07
not a problem, morning, noon to night. It's it's not a problem.
47:10
I'm here to help my game. Fifty one at outlook dot com.
47:21
Okay, okay, thank you so much. This has really been enlightening to
47:28
give this information. Yes, this what's awesome. I appreciate it. I
47:31
appreciate I appreciate you for coming in and just open my lines up because we're
47:36
gonna have a conversation after this. So everyone that's listening, I thank you
47:40
so much for participating and listening and being a part of this. If you
47:45
don't already have life insurance, I hope you're thinking about getting some after listening
47:49
to this episode. Whether it's daily expenses, paying off the mortgage or other
47:54
debts, paying for college, or planning for retirement, your life insured insurance
48:00
policy provides financial security and peace of mind. Join us on August four when
48:07
we address child support on Basic Black after Dog. So you mean, I'm
48:10
expecting to see you because I have a lot of information for you. We're
48:15
talking about child support and I know you want to hear about. Thank you
48:20
so much for participating in calling us. Yes, get covered. The lives
48:23
you leave behind matter. Yeah. We always say other things matter, but
48:28
lives matter to all. Lives matter. So get in touch with my girl
48:32
here, Veronica. She's gonna take care of you both things. Don't get
48:39
fed. Open your hands, share the information, go help your family.
48:44
Hey, I like that. I might have to steal that, but I'm
48:46
not. You're not gonna charge me for it, aren't you? Thanks again,
48:55
everyone, see you in two weeks.