Health and Life

• Life Insurance
  All of the Life Insurance companies DomoInsurance represents are highly rated. Offering access to many highly rated companies allows us to find a policy with favorable rates for our clients, even when certain health risks exist.
• Health Insurance
  Not to be confused with health insurance and Medicare or Medicaid benefits, LTCi is a specific form of individually owned insurance that is meant to pay a specified daily benefit in the event that you lose two or more ADL’s “activities of daily living” i.e. the ability to independently go to the bathroom or bath your self etc... The LTCi benefit is intended to pay the costs associated with the following...
• Disability Insurance
  Long term disability insurance, is a form of insurance that continues to pay to a percentage (typically 70%) of your current income in the event you become disabled and are not able to go back to work. LTDI is a very important form of individual insurance coverage as the US Census Bureau estimates that 1 in every 5 Americans will become disabled at some point in their life. Additionally, the average duration of a long term disability is 2.5 years. Most individuals would not be able to maintain a suitable quality of life if their income were to stop for 2.5 years. It is the job of a LTDI policy to pick up at the point where Short Term Disability benefits end which on average between 3 and 6 months. In the event you become disabled and after going on claim are eventually able to then return to work on a part time basis, say 50%. Your LTDI policy can be structured to continue to pay you 50% of your benefit. There are various additional features and benefits to this product allowing a policy to cater to the unique needs of different individuals in different occupations and with varying degrees of severity to their disability.
• Long Term Care
  In the event you grow old gracefully and never need to use your long term care benefits, all of the premiums you would have paid into a stand alone Long Term Care insurance policy are not wasted, done this way you still have a 500k benefit that will be paid to your beneficiaries at the time of your passing.

Personal

• Annuities
  Fixed annuities are insurance contracts that work to guarantee a fixed stream of income regardless of market performance. The amount of the payment is a function of the lump sum amount of money put into the annuity and the age of the annuitant when the payments start. The insurance carrier is obligated to pay a fixed dollar amount to the annuitant on a regular schedule for the duration of the agreement, typically the annuitant’s entire life. The insurance company will guarantee both the principal and the interest earned. These instruments can be either “immediate” or “differed”. The immediate version starts making payments on a regular schedule immediately after funding the contract. The differed variety accumulates specified rates of interest and begins making payment to the annuitant at the time of their choosing. Fixed annuities are attractive investment vehicles for retirees because of their simplicity and the dependability and predictability of their payment, guaranteeing an income stream for the duration of your life.