Humana Basic and Voluntary Life Updates
Carrier Updates
Thursday, May 08 2025
Humana has announced their expanded life rating program to include Voluntary Life, and with their simplified rating bundling with dental, vision and disability is so much easier. They also shared an annual increase option is now available, which allows subscribers to increase their total volume by up to $25,000.
Criteria:
• 10-299 eligible lives
• Voluntary Life: minimum 5 lives for 10-99 eligible, minimum 25% participation for 100-299 eligible lives
• Applicable if adding both Basic and Voluntary Life Other Features included: Open enrollment allowed at takeover, Standard guarantee issue applies and available through October 1, 2025.
Annual Increase option for Voluntary Life
• Humana allows all subscribers to increase their total volume for Voluntary Life coverage by up to $25,000 at policy anniversary without an Evidence of Insurability (EOI) form.
• Subscribers are allowed to increase over Guarantee Issue, but subject to plan maximum.
• Annual elections of the $25,000 increase must be made timely, which is 31 days before to 31 days after the policy anniversary date.
For More Information or Help Quoting Humana, Please Contact Your Dickerson Sales Rep.
Criteria:
• 10-299 eligible lives
• Voluntary Life: minimum 5 lives for 10-99 eligible, minimum 25% participation for 100-299 eligible lives
• Applicable if adding both Basic and Voluntary Life Other Features included: Open enrollment allowed at takeover, Standard guarantee issue applies and available through October 1, 2025.
Annual Increase option for Voluntary Life
• Humana allows all subscribers to increase their total volume for Voluntary Life coverage by up to $25,000 at policy anniversary without an Evidence of Insurability (EOI) form.
• Subscribers are allowed to increase over Guarantee Issue, but subject to plan maximum.
• Annual elections of the $25,000 increase must be made timely, which is 31 days before to 31 days after the policy anniversary date.
For More Information or Help Quoting Humana, Please Contact Your Dickerson Sales Rep.