Demystifying Income Tax in Retirement
On August 4, 1862, the U.S. collected income tax for the first time[i]. You may be ready to bid farewell to income tax obligations once you retire, but unfortunately, it’s not that simple. While the dynamics may shift, understanding how income tax works after retirement is crucial to ensure financial stability during your golden years. […]Continue reading
Social Security Taxation: Understanding How It Works
As the anniversary of the Social Security bill being signed into law (August 14, 1935)[i] approaches, we’re reminded of the intricate workings of the U.S. tax system. Social Security, a vital program designed to provide financial support to retired and disabled individuals, is funded through payroll taxes.[ii] Let’s explore the fundamentals of Social Security taxation, […]Continue reading
How Do Annuities Really Work?
An annuity is an investment product that is designed to provide a guaranteed income stream for a predetermined period, often for the rest of one’s life. An annuity is typically purchased from an insurance company, and the purchaser makes regular payments or a lump sum payment to the insurer in exchange for the right to […]Continue reading
Covering the Basics of Annuities for Annuity Awareness Month
June is Annuity Awareness Month, a time to educate individuals on the benefits and importance of annuities. If you’re new to annuities or need a refresher, keep reading to understand the basics of annuities. Basically, an annuity is a financial product that can provide a steady stream of income during retirement. With people living longer […]Continue reading
5 Social Security Strategies to Consider
Social Security is not something you should just set and forget. There are many factors that determine the level of benefits you receive. Here’s a checklist of 5 Social Security strategies you should consider when planning for your retirement to maximize your income and earning potential to replace your paycheck: Delay claiming your benefits. You […]Continue reading
10 Tips to Assist Retirement Readiness
The thought of retirement can feel like a dream. Financial stability and the ability to do what you want and not what you have to with your days is a life goal for many people. But how do you reach that retirement life? Ask these 10 questions to prepare yourself for a successful retirement. Figure […]Continue reading
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Now you have a mortgage… Have you protected your loved ones against this liability?
Congratulations! You have now taken part in a significant aspect of the American Dream – a step on your way to financial freedom. When you buy a home, it is important to protect you and your loved ones from the financial burdens associated with a mortgage. Your home may be your family’s largest asset and their largest financial responsibility. At Creative Financial Strategies (CFS), we believe that we should be both your and your loved ones’ advocate in asking these questions and guiding you towards the implementation of solutions that protect those that depend on you. We believe in not only helping you acquire your piece of the American Dream, but also in protecting it.
In what way can CFS help you protect those that depend on you?
- Strategy – We offer unique ideas for unique circumstances by utilizing a life insurance mortgage protection plan.
- Flexibility – Coupled with our strategy, we are able to wholly customize all aspects of the plan: amount, length of coverage, structure, and beneficiaries.
- Affordability – As an independent firm, CFS creates opportunity for you through a vast network of providers. In most cases, we can bring a viable solution that addresses your unique need through a cost-effective means.
- Choice – While you are living, you are in control of policy features and determining who receives the benefits. In the event of premature death, you will have controlled the outcome of this process, not the mortgage company, and those that depend on you will greatly benefit from your sound decision-making.
Our Life Insurance Mortgage Protection plans are about more than just your home; it is about protecting what matters most in your life.
Determining Eligibility & Expectations
Where do you go from here?
You can expect a call from CFS within one week after your closing date. We will help you navigate the following steps to implement your Life Insurance Mortgage Protection Plan.
STEP 1: Schedule a complimentary, 45-min. appointment
What should you bring?
STEP 2: Review your options
STEP 3: Determine eligibility
STEP 4: Apply & Submit Life Insurance Application
STEP 5: Review Underwriting Decision
STEP 6: Protect your loved ones
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