Donald Marquez, a licensed insurance agent for 29 years, discusses the importance of understanding insurance policies, particularly life insurance. He emphasizes the need for policy reviews, especially for seniors, to avoid misconceptions and ensure proper coverage. Marquez highlights the significance of knowing policy details, such as beneficiaries and coverage types, and advises on managing policy costs through channel reductions or reducing face amounts. He also stresses the importance of having a power of attorney for those with dementia and the need for proper beneficiary designations. Marquez offers no-fee reviews and policies for those with health issues, ensuring comprehensive coverage and financial security.