Grand Island Questcdn #10252547

RFP for Single Premium Immediate Annuity (SPIA) for Lifetime Benefit Payments

This opportunity from the City of Grand Island, Nebraska, seeks competitive bids for a Single Premium Immediate Annuity (SPIA) to provide lifetime benefit payments. - Government Buyer: - City of Grand Island, Hall County, Nebraska - OEMs and Vendors: - No specific OEMs or vendors named; only qualified, admitted commercial life insurance carriers are eligible - Products/Services Requested: - Single Premium Immediate Annuity (SPIA) - Lifetime benefit payments - No part numbers or quantities specified - Unique or Notable Requirements: - Only admitted commercial life insurance carriers may respond - Bidding documents are available online for a non-refundable fee - Responses accepted via City Clerk or QuestCDN v-Bid platform

Description

This Request for Proposal (RFP) seeks competitive bids from qualified, admitted commercial life insurance carriers to issue a Single Premium Immediate Annuity (SPIA). The procurement involves financial services related to annuities. Bidders must submit their responses by July 2, 2026, either to the City Clerk or online via QuestCDN. Bidding documents are available for download on QuestCDN for a non-refundable fee.

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