Page 10 - Hobe Sound Reflections - November '21

Page 10, Hobe Sound

Financial tip of tHe tail

Chocolate Toxicity In Dogs ‪ Abdominal pain

FocuS ‪ Increasing heart rates and abnormal heart rhythms
‪ Hyperactivity
‪ Death in severe cases
Should You Buy Term Treatment

If you witness your dog ingesting chocolate, we recommend
Insurance And Invest The bringing your dog in to a veterinarian as soon as possible. If they
just ingested it, you can give 1 to 2 tablespoons of hydrogen
Difference? peroxide to make them vomit. Your veterinarian’s first step is to
remove as much chocolate from the body as possible by inducing
By Sally Sima Stahl vomiting or by using adsorbents such as activated charcoal
If you have children to bind the chocolate and keep it from being absorbed by the
or other loved ones who Who doesn’t love chocolate? Chocolate is one of America’s gastrointestinal tract. Depending on the severity, the amount of
depend on you financially, favorite snacks, but did you know that chocolate is toxic to chocolate, and type of chocolate ingested, your veterinarian may
you need life insurance – dogs as well as cats? Chocolate contains a chemical called need to hospitalize and administer supportive care which may
no question about it. And theobromine, as well as caffeine; it is readily absorbed in the include sedation for tremors and seizure activity, medication
you’ll need an amount that gastrointestinal tract and is widely distributed throughout the to help with any cardiac arrhythmias, as well as fluid therapy.
can enable your family body. The amount of theobromine varies with the type of Supportive therapy and monitoring may be needed until the
members to continue chocolate. The darker the chocolate, the more toxic it is to dogs. toxin has been processed and removed from the body. Early
their lifestyle if you aren’t Unlike people, dogs cannot metabolize theobromine, therefore, and aggressive treatment increases the chances for a favorable
around. But there may be they are more sensitive to the chemical’s effects. recovery.
less certainty about what Different Types Of Chocolate Please take precautions of where you store your chocolates
type of insurance you should purchase: term or permanent. ‪ Milk chocolate during the holidays so we can ensure your pet stays safe.
And the issue can cause even more confusion if you’ve ‪ Dark chocolate If your pet ingests chocolate, contact your veterinarian
heard the phrase: “Buy term and invest the difference.” ‪ White chocolate and/or Pet Poison Helpline.
What does this mean? And is it good advice? ‪ Bakers’ chocolate Pet Poison Helpline: (800) 213-6680
First, let’s review the chief differences between term ‪ Unsweetened Established in 1981, Palm City Animal Medical Center is
and permanent insurance. As its name suggests, term ‪ Cocoa powder dedicated to providing the best possible care for your pets. With
insurance lasts for a set period, such as 10 or 20 years, Clinical signs of chocolate intoxication may take hours to focuses on compassionate care in surgery, physical therapy and
while permanent insurance can last your entire life. develop and last for days. A few clinical signs of chocolate rehabilitation, preventative medicine, extensive diagnostics, and
Term insurance only pays a death benefit – there’s no toxicity include: emergency service, Palm City Animal Medical Center combines
opportunity to build cash value. But permanent insurance, ‪ Vomiting exceptional medical care with a caring philosophy for pets and
such as universal life, also contains an investment element. ‪ Diarrhea their owners. For more information, call (772) 283-0920, visit
Consequently, permanent insurance premiums are generally ‪ Seizures www.palmcityanimalmedicalcenter.com or find us on Facebook
considerably higher than those of term insurance. ‪ Tremors at www.facebook.com/PalmCityAnimalClinic.
Given this difference in premiums, you may have
heard that it’s a good move to buy term insurance and use
the “savings” – that is, the money you would have spent
on a costlier permanent insurance policy – to invest in
stocks or mutual funds, rather than rely on the investments “Not only do we stand
contained in permanent insurance. But in reality, it’s not behind our windows...
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much more expensive. Consequently, there will likely be
much less of a gap between the costs of term and permanent
insurance.
• Permanent insurance investments can grow tax
deferred. If you followed the “buy term, invest the
difference” approach, and you purchased stocks or mutual
funds, you might incur taxes on capital gains and dividends.
But the investments within a permanent insurance policy
are tax deferred, so you won’t pay taxes on interest,
dividends or capital gains until you withdraw the proceeds,
similar to the tax benefits you get with your IRA and 401(k)
accounts.
Even though you should consider the above issues, you
don’t necessarily have to dismiss the “buy term, invest the
difference” strategy. Everyone’s situation is different, so
you’ll want to explore your options carefully. At different
times of your life, different insurance and investment
solutions may be appropriate. But however you choose to
do it, you’ll want to maintain sufficient life insurance and
invest for your long-term goals – two actions that can pay
off for you and your loved ones.
This article was written by Edward Jones for use by
your local Edward Jones Financial Advisor, Edward Jones,
Member SIPC.
Edward Jones is a licensed insurance producer in
all states and Washington, D.C., through Edward D.
Jones & Co., L.P., and in California, New Mexico and
Massachusetts through Edward Jones Insurance Agency
of California, L.L.C.; Edward Jones Insurance Agency of
New Mexico, L.L.C.; and Edward Jones Insurance Agency
of Massachusetts, L.L.C.
Edward Jones, its employees and financial advisors
cannot provide tax advice. You should consult your
qualified tax advisor regarding your situation.
Contact us at (561) 748-7600, Sally Sima Stahl, AAMS,
1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.