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They broke my heart - and now the shelter says i will die because i fearful/unsocial

Millions of American seniors who currently own an annuity are not aware of the IRS-approved planning technique that enables them to also benefit from 100 percent tax-free benefit payments should they need long-term care (LTC).

The planning technique utilizes a special provision of the tax code, a Section 1035 exchange. The law, passed by Congress, was designed to encourage more Americans to plan for the real risk of needing care at some point in their lifetime.

Roughly eight million Americans have any type of long-term care insurance that will pay for LTC costs. However, millions already have an annuity designated as their 'what if' funds. The latest data gathered by various industry research groups including LIMRA reveal that some $2.8 trillion is invested in non-qualified annuities.

Simply stated, the law now allows for an annuity owner to re-purpose their current annuity into one that meets IRS criteria. The new annuity continues to grow in value on a tax-deferred basis.

The reasons to consider a change are multiple. For many, there can be significant tax savings should a need for long-term care arise at a future date. Monies can be withdrawn from an annuity to pay for long-term care. However, there may be income tax consequences. That means the risk of facing a tax-bill at a time when funds are critically essential.

An annuity that meets new criteria can continue to grow in value. But, all funds withdrawn to pay for a LTC need are received completely free of income taxes.

Second, many of the new annuities created to provide consumers with both tax deferred annuity growth and tax-free long-term care benefits, also offer some rather unique financial planning opportunities. An example shown in the just published Guide To Long-Term Care Planning Using 1035 Exchanges, explains how a one existing annuity valued at $200,000 could be re-purposed into a plan that provides both spouses with an unlimited or lifetime long-term care benefit of $5,000 monthly. If neither of the spouses needed long-term care, the annuity would eventually pay the designated beneficiary $202,000 upon the death of the second spouse.

Sold by many financial advisors and investment professionals, the new forms of annuity contracts offer varied benefits and options. Because some professionals may only favor or offer annuities from one company, experts advise working with a 1035 exchange specialist familiar with multiple companies. In addition, implementing an exchange incorrectly can result in tax consequences, something a knowledgeable and experienced professional should be competent in helping you avoid.

The American Association for Long-Term Care Insurance is a national trade organization that advocates for the importance of planning.

Shelter’s notes: Fearful/unsocial. Nasal discharge and coughing urgent - urgent- sick- fearful- urgent!

LEFTY(kennel card name) aka HIRO #A1480822

I am a neutered male, tan Chihuahua - Smooth Coated mix.

The shelter staff think I am about 3 years old.

I have been at the shelter since Oct 17, 2018.
Avail Nov 5. (Chip hold, no one came)

We are NOT the City Shelter to where pictures were taken. FOR MORE INFO ON THIS PET please contact:
Riverside County Animal Control - Riverside Shelter
6851 Van Buren Boulevard
Riverside, CA 92509
Phone Number: (951) 358-7387
Ask for information about animal ID number A1480822

STATUS : - read comment for update from crossposter
For many Americans, buying insurance to cover your home, car and health is standard practice. But long-term care insurance is a mystery for many, even though it offers important financial protection against some of life's uncertainties.

The goal of long-term care (LTC) insurance is to protect the policy owner from footing the entire bill of an extended stay in a healthcare facility, such as a nursing home or rehabilitation center.

Because there's no telling whether you will need long-term care in the future, and the costs can run very high if you do, it's worth your while to learn about your long-term care insurance options and make an informed decision.

It's possible that at some point later in life you may need specialized care. For example, as you get older, your physician may discharge you to a nursing home following a hospitalization for surgery or illness. Fortunately, Medicare will cover qualified stays up to 100 days. Sometimes, however, deteriorating mental or physical health caused by an accident, illness or dementia will lead to an extended stay in a nursing home or ongoing in-home nursing care. When this happens, even families that are in a good financial position may need to balance the expense of long-term care with their other priorities.

While Medicaid will cover long-term care costs after 100 days, this federal program requires individuals to first deplete their personal savings, among other qualifications. For this reason, even individuals who are financially comfortable may want to carefully consider long-term care insurance.

Here are some factors to think about as you consider long-term care insurance:

· Your age and health may affect your eligibility. Purchasing a policy when you're relatively young and healthy may mean more years of payments, but it also helps you lock in a benefit that may not be available when you're older or in the event you experience a health issue. The cost of a policy tends to increase with age, particularly after age 60 when health problems start to become more common. If you have a pre-existing condition, or a family history of one, you may not be eligible to purchase certain policies. Carefully review the fine print to see if any conditions are excluded from coverage.

· Long-term care insurance policies come in many forms-from barebones to all the bells and whistles. Price is only one factor to consider. Compare components of the policies side-by-side to see which plan may make sense for you. Evaluate facilities and programs in your area so that you can match your service expectations with what various policies may cover.

· Most plans are tied to the need for assistance with a pre-determined number of activities of daily living (ADLs) such as dressing, showering and eating. You will pay more if you want a policy that requires fewer concurrent ADLs to trigger benefits.

· Consider nursing home costs in your area to determine whether you want to buy coverage on the higher or lower end of the spectrum. Choose a daily benefit - or the amount of expenses covered each day - you can live with, as you will be expected to make up the difference.

· Most plans have an elimination period, which is the amount of time that must elapse before your insurance covers the bill. This "gap" in benefits ranges from 30 to 180 days. You are responsible for 100 percent of the costs before your benefits begin.

· Inflation protection is a common plan rider that can help offset rising costs of care by increasing your eligible lifetime benefits under the plan. It's worth considering if you can afford the cost of a more generous lifetime limit.

Your financial advisor can help you calculate whether your projected future income and assets can withstand the cost of long-term care if the need arises. If there's any doubt, a long-term care insurance policy may make sense. Together you can review your options and choose a plan that helps you meet your long-term goals for financial security.