Denton Ionwave #9073

City of Denton Solicits Group Life, Short-Term Disability, and Long-Term Disability Insurance Proposals

The City of Denton, Texas, is seeking proposals from qualified insurance carriers to provide group life insurance, short-term disability (STD), and long-term disability (LTD) insurance services for its workforce. - Government Buyer: - City of Denton, Purchasing Office - Current and Notable OEMs: - Symetra Life Insurance Company (current carrier for Life, AD&D, STD, and LTD) - Products/Services Requested: - Basic Life and Accidental Death & Dismemberment (AD&D) insurance for full-time and part-time employees - 2x salary up to $500,000 for executives; 1x salary up to $300,000 for other employees; minimum $15,000 - Supplemental and Dependent Life/AD&D insurance - Employee: up to 5x earnings, max $200,000; Spouse: up to $100,000; Child: $10,000 flat benefit; Retiree: $10,000 flat benefit - Voluntary Short-Term Disability (STD) - 60% income replacement, up to $1,200 weekly, 14-day elimination, 11-week max duration, no offsets for paid leave - Group Long-Term Disability (LTD) - 60% income replacement, up to $5,200 monthly, 90-day elimination, 5-year max benefit, offset provisions - Unique or Notable Requirements: - No loss/no gain provisions for coverage transfer - Waiver of pre-existing condition limitations - Actively-at-work and non-confinement waivers - Net-of-commission pricing required - Proposals must include detailed implementation, account management, compliance, and value-added services (e.g., beneficiary tools, counseling, financial wellness) - Coverage for approximately 1,700 employees, with detailed age-band and benefit volume breakdowns - Multi-year rate guarantees and pricing commitments encouraged - All communications and submissions must be via the IONWAVE portal or hard copy (no email submissions) - Additional Service Requirements: - Dedicated account management, claims turnaround standards, employer reporting, online portal access - Implementation support, data integration, employee communication, and training - Regulatory compliance and cybersecurity controls

Description

The City of Denton is soliciting proposals for providing life insurance, short-term disability, and long-term disability insurance services. The solicitation seeks experienced individuals or businesses capable of delivering innovative, cost-effective solutions that meet the City's specified benefit structures and operational needs. Proposals must be submitted sealed by July 1, 2026, and may cover one or more categories of the requested insurance products. The City encourages early submission and requires all communications and submissions to be made via the IONWAVE system or hard copy only.

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