Asset Limits for SLMB Program
To be eligible for the SLMB program, you should also meet the asset limits. It means you do not own any liquid assets, which could be sold for cash. These include stocks, money in checking or savings accounts, bonds, vehicles, life insurance, and real estates. Nevertheless, the following assets are excluded: primary car, primary house, burial plots, burial funds of $1,500 per person, wedding or engagement rings, furniture and household items. Specific requirements can vary, depending on the state of your residency. In fact, some states do not have any asset limits for the SLMB program. These include Alabama, Arizona, Connecticut, Delaware, Washington D.C., Mississippi, New York, Oregon, and Vermont. [5]
