Life and Disability · Life insurance
How does life insurance help protect my family?
Hormel Foods covers you for $15,000. You can buy up to $75,000 more.
Life Insurance Basics
- Guaranteed life coverage at no cost to you.
- Payouts of $15,000 for Life.
- Also covers dependent kids age 14 days - 26 years.
- Additional voluntary coverage is available.
What is free, and what can I buy?
Free, from Hormel Foods Basic coverage
You can buy Optional coverage
You
$15,000life
Up to$75,000
Choose $12,500, $25,000, $37,500, $50,000 or $75,000. The cost rises with your age.
Each child
$2,000
Age 14 days to 26.
$5,000
No health questions.
Your spouse
Up to$25,000
From $10,000, in $5,000 increments.
Basic coverage
Hormel Foods provides this coverage at no cost to you.
Can I buy more life insurance?
Choose additional life coverage, subject to applicable approval rules.
Adding or increasing
A Statement of Health first
For you or your spouse, any new or larger amount needs a Statement of Health. MetLife mails you the questions, and the election stays pending until they approve or deny it.
When health information is required
- During new-hire enrollment, guaranteed approval is available.
- After new-hire enrollment, adding or increasing coverage requires a Statement of Health and approval is not guaranteed.
- Previously approved coverage is retained when you request an increase.
- MetLife mails a health questionnaire; the election remains pending until a decision.
Can I buy life insurance for my spouse?
Elect additional life coverage for an eligible spouse or partner.
Are my children covered by life insurance?
Hormel Foods provides this coverage at no cost to you.
Next step
List your children on the My Contact page in Oracle, so their coverage reaches them.
More about this benefit
Company-provided coverage
Basic child life is listed as company-paid. Eligible children must be listed on the my contact page in Oracle so coverage can be provided.
Can I buy more life insurance for my children?
Add child life coverage without a Statement of Health.
Who to call
Questions? Horizon Solution Center · (866) 449-7712