2018 Partnership Minimum Benefit Requirements for Indiana

Each year Indiana revisits its minimum benefit requirements to qualify for its Partnership program. The Total Asset Protection for the Indiana Partnership program has increased from $353,773 in 2017 to $371,462 for 2018. The Benefit Increase Options and Daily or Monthly Minimum requirements remain unchanged as follows:

Requirements 2017 2018
Minimum Total Coverage for Total Asset Protection $353,773 $371,462
Minimum Daily Benefit $115 $115
Minimum Monthly Benefit $3,500 $3,500
Benefit Increase Option age 74 and younger 5% Compound 5% Compound
Benefit Increase Option age 75 and older 5% Simple 5% Simple

 
Indiana Partnership minimum requirements are based on effective date. Policies that do no meet the criteria for total asset protection will receive dollar-for-dollar asset protection. Total asset protection also requires the purchase of 5% compound inflation protection.

Important note:

  • Prior to soliciting new business, verify your producer license is in good standing, you have completed all required CE, and you are in compliance with all applicable licensure requirements. Applications will be returned if all such requirements have not been met as of the date of the application. For up-to-date information on Genworth applications, education and training statuses to go https://pro.genworth.com.

2018 Partnership Minimum Benefit Requirements for Indiana
 
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>   Related: 2018 Partnership Minimum Benefit Requirements for CA, CT, IN and NY