Long Term Planning

You have worked long and hard for the money you earned – make it last for years to come. Contact us today to begin financial planning for the long term. Call Today!

Long Term Care Insurance

Anticipate your lifelong care needs after retirement by taking advantage of long term care vehicles.

As an individual grows older, they are more and more likely to require personal or custodial long term care. This may be administered through an at-home care provider, assisted living, or skilled nursing facilities.

Many factors predispose an individual to the possibility of requiring long term care, including age, medical condition, and gender. All of these factors affect the type of long term care policy available to you. Additionally, your particular financial and medical circumstances may make a different long term care solution more appropriate for you.

The team at Creative Wealth Management is here to work with you to find the long term care solution that fits your needs. This may be a long term care insurance policy, an accelerated death benefit rider to your life insurance, a hybrid life-LTC policy, or another vehicle that will provide the finances required for proper care.

It is possible that long term care insurance will not cover your future needs. We consider this as we assess your unique needs and financial circumstances. There are alternative investments that may be more appropriate for offsetting long term care needs.

Connect with us today to begin planning your long term care.

Guarantees are based on the claims paying ability of the issuing company. Long Term Care Insurance or Asset Based Long Term Care Insurance Products may not be suitable for all investors. Surrender charges may apply for early withdrawals and, if made prior to age 59 ½, may be subject to a 10% federal tax penalty in addition to any gains being taxed as ordinary income. Please consult with a licensed financial professional when considering your insurance options.

These policies have exclusions and/or limitations. The cost and availability of Long Term Care insurance depend on factors such as age, health, and the type and amount of insurance purchased. As with most financial decisions, there are expenses associated with the purchase of Long Term Care insurance. Guarantees are based on the claims paying ability of the insurance company.

Life Insurance

Choose the right life insurance for your family and estate planning needs.

Talk to Creative Wealth Management about Life insurance policies

There are many different types of life insurance available, including term, whole life, universal, and variable life insurance. All types of insurance have advantages and disadvantages which must be weighed carefully. Here is a very brief overview of each.

Term life insurance provides coverage for a particular length of time. If the insurance is not used during that term, the insurance will expire. This type of life insurance is usually purchased by an individual who has dependents and wishes to ensure they will be provided for if they die before retirement.

Whole life (also called permanent insurance) is a longer-term insurance vehicle. The insurance is carried throughout the individual’s life, with a death benefit provided to the named beneficiaries. Additionally, this type of policy has an accumulated cash value and is often used as an estate planning tool. This cash value can be accessed through withdrawals or loans.

Universal life insurance is basically whole life insurance combined with an investment savings element. This type of life insurance usually has a lower overall premium than permanent life insurance and provides some flexibility to adjust premiums and death benefits.

Variable life insurance is a permanent life insurance product combined with various investment instruments and accounts including stocks, bonds, equity funds, money market funds, and bond funds. While premium payments are generally not fixed in variable life insurance, this type of insurance is often more expensive as administrative fees must be paid as well as the regular premium payments.

Talk to Creative Wealth Management about Life insurance policies

Any claims-paying ability is contingent upon the issuing insurance company.

Which life insurance product you choose – or whether you decide to carry life insurance at all, depends on your financial goals. Connect with our team of financial advisors to discuss if life insurance is the right investment for you.

These policies have exclusions and/or limitations. The cost and availability of life insurance depend on factors such as age, health and the type and amount of insurance purchased. As with most financial decisions, there are expenses associated with the purchase of life insurance.

Policies commonly have mortality and expense charges. In addition if a policy is surrendered prematurely, there may be surrender charges and income tax implications. Guarantees are based on the claims paying ability of the insurance company.

Estate planning with Creative Wealth Management

Estate Planning

Control the disposition of your hard-earned money.

Establishing a will, living trust, or testamentary trust is a vital step for any individual. You have worked long and hard for your money, property, and investments. With estate planning, you can control the disposition of your valuables, establish trusts for your children, and ensure you and your family will be cared for in the years to come.

Many individuals put off estate planning until retirement, but this type of preparation should take place well before you end your working life. If you have family or children whom you would like to support, or you would like to ensure as much as your estate as possible stays in the family, it’s time to connect with Creative Wealth Management and begin the planning process.

Raymond James does not provide legal services. Please discuss these matters with the appropriate professional.

Creative Wealth Management maintains a separate professional business relationship with, and our registered professionals offer securities through, Raymond James Financial Services, Inc. Member FINRA/SIPC. Privacy Notice. Investment advisory services offered through Raymond James Financial Services Advisors, Inc.

Creative Wealth Management is not a registered broker/dealer and is independent of Raymond James Financial Services, Inc.

State affiliations: We currently do business in AZ, CA, CO, GA, IA, ID, IL,IN, MO, MT, NC, NJ, NV, OR, TX, UT, VA, WA.

Raymond James Financial Advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability. Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users and/or members.