Denton Ionwave #9073 Addendum 2

City of Denton Solicits Group Life, AD&D, Short-Term and Long-Term Disability Insurance for Employees

The City of Denton, Texas, is seeking proposals from qualified insurance carriers to provide group employee benefits for Life, Accidental Death & Dismemberment (AD&D), Short-Term Disability (STD), and Long-Term Disability (LTD) coverage. - Government Buyer: - City of Denton, Texas (Purchasing Office) - OEMs and Vendors: - Current carrier is Symetra; the RFP is open to all qualified insurance carriers - Products/Services Requested: - Basic Life/AD&D Insurance for approximately 1,714 employees (2x salary up to $500,000 for executives, 1x salary up to $300,000 for others, $15,000 minimum) - Supplemental Life/AD&D Insurance for employees and dependents (up to 5x annual earnings, max $200,000 for employees, $100,000 for spouses, $10,000 for children) - Retiree Supplemental Life Insurance (voluntary, flat $10,000 benefit) - Voluntary Short-Term Disability (STD) Insurance (60% income replacement, up to $1,200/week, 14-day elimination, 11-week max, no offsets for paid leave) - Group Long-Term Disability (LTD) Insurance (60% income replacement, up to $5,200/month, 90-day elimination, 5-year max, offset provisions) - Unique/Notable Requirements: - No loss/no gain provisions for seamless coverage transfer - Proposals must match current benefit structures and eligibility rules - Pricing requested per $1,000 of benefit or per $100 of covered payroll - Multi-year pricing commitments and rate guarantees preferred - Emphasis on innovative, cost-effective solutions and value-added services - Detailed implementation and service plans required - Proposals may address one or more insurance categories - Claims administration, dedicated account management, and online portal access required

Description

The City of Denton is soliciting proposals for life insurance, short-term disability (STD), and long-term disability (LTD) insurance coverage for its employees. The scope includes providing benefit structures matching current plans for Basic Life/AD&D, Supplemental Life/AD&D, Voluntary STD, and Group LTD with specific coverage amounts and terms. The contract is intended to start on January 1, 2027, and the City seeks vendors with experience in municipal insurance services who can provide innovative and cost-effective solutions. Proposals must be submitted sealed and may cover one or more categories of the requested products or services.

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