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DEPARTMENT FOR AGING AND REHABILITATIVE SERVICES AUXILIARY GRANT PROGRAM NON-SSI RESOURCE ELIGIBILITY 11/18 CHAPTER E PAGE vii

TABLE OF CONTENTS 41.2. INTEREST ................................................................................................................................................... 76 41.3. VERIFICATION ........................................................................................................................................... 77 41.3.1. U.S................................................................................................................................................... 77 41.3.2. Canada ............................................................................................................................................ 77 42. LIFE ESTATE AND REMAINDER INTEREST ........................................................................................... 77 42.1. LIFE ESTATES (WITHOUT POWERS) ........................................................................................................... 77 42.1.1. Owner Can Do ................................................................................................................................ 78 42.1.2. Owner Cannot Do ........................................................................................................................... 78 42.1.3. Value of Life Estate ......................................................................................................................... 78 42.2. LIFE ESTATES WITH POWERS .................................................................................................................... 78 42.3. REMAINDER INTERESTS ............................................................................................................................. 78 42.3.1. Value of Remainder Interest............................................................................................................ 79 42.4. VERIFICATION ........................................................................................................................................... 79 42.5. UNISEX LIFE ESTATE OR REMAINDER TABLE ........................................................................................... 79 43. LIFE INSURANCE POLICIES ........................................................................................................................ 83 43.1. VALUE ....................................................................................................................................................... 83 43.2. EXCLUSION ............................................................................................................................................... 83 43.2.1. Relation to Burial Fund Exclusion .................................................................................................. 83 43.3. FACE VALUE ............................................................................................................................................. 83 43.4. CASH SURRENDER VALUE ......................................................................................................................... 83 43.5. LIFE INSURANCE DIVIDENDS ..................................................................................................................... 84 43.5.1. Additions ......................................................................................................................................... 84 43.5.2. Accumulations ................................................................................................................................. 84 43.6. ACCELERATED LIFE INSURANCE PAYMENTS ............................................................................................. 84 43.6.1. Resource Value ............................................................................................................................... 86 43.7. VERIFICATION ........................................................................................................................................... 86 44. LOANS ................................................................................................................................................................ 86 44.1. DETERMINING WHEN A LOAN COUNTS AS A RESOURCE ......................................................................... 87 44.1.1. Eligible Individual Is The Borrower - All Loans ............................................................................. 87 44.1.2. Eligible Individual Is The Lender ................................................................................................... 87 44.2. NEGOTIABLE AGREEMENT ........................................................................................................................ 88 44.3. BONA FIDE AGREEMENT ........................................................................................................................... 88 44.4. VERIFICATION ........................................................................................................................................... 89 44.4.1. Forms .............................................................................................................................................. 89 45. LOW INCOME ENERGY ASSISTANCE ...................................................................................................... 89 45.1. EXCLUSION ............................................................................................................................................... 90 45.2. VERIFICATION ........................................................................................................................................... 90 46. MUNICIPAL, CORPORATE AND GOVERNMENT BONDS..................................................................... 90 46.1. VALUE ....................................................................................................................................................... 90 46.2. VERIFICATION ........................................................................................................................................... 90 47. MUTUAL FUNDS .............................................................................................................................................. 91 48. NAZI PERSECUTION, PAYMENTS TO VICTIMS OF .............................................................................. 91 48.1. EXCLUSION ............................................................................................................................................... 91 48.1.1. Interest ............................................................................................................................................ 91 48.2. VERIFICATION ........................................................................................................................................... 91