Pension insurance
Ended Awarded Last action
- Contract number
- FA557021F0007
- Awardee
-
Storebrand Livsforsikring AS UEI NKLGB2N4RML6
- Awarding agency
-
Air Forces Europe and Africa
Air Force, Department of Defense
- Obligated
- $142,553
Award facts
- Contract value 100% obligated
- $142,824.71 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- Funding agency
- Air Force Department of Defense
- NAICS code
- 524114 Direct Health and Medical Insurance Carriers
- Set-aside
- No set-aside
- Competition
- Not Competed under SAP · 1 offer Simplified Acquisition
- Pricing
- Firm Fixed Price
- Place of performance
- Norway
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Funding Only Action | -$272 | |
| Funding Only Action | $64,186 | |
| Other Administrative Action | $0 | |
| Original award | $78,638 |
About this award
The U.S. Air Force awarded a firm fixed price blanket purchase agreement (BPA) call contract to Storebrand Livsforsikring AS, a Norwegian insurance provider, to deliver pension insurance coverage for personnel stationed at Ramstein Air Base's 426th Air Base Squadron in Stavanger, Norway. The contract, effective October 1, 2020, with an ultimate completion date of September 30, 2021, covers pension insurance for seven Local National Direct Hire (LNDH) employees and four retirees, with a ceiling value of $142,824.71. This contract was awarded without a set-aside designation, indicating open competition. Storebrand Livsforsikring AS, a division of Storebrand ASA and a leading Nordic insurance provider, was selected based on its established capability to support U.S. military personnel insurance needs in international locations.
Storebrand Livsforsikring AS has developed a specialized track record supporting U.S. Air Force operations in Europe through multiple federal contract awards administered by United States Air Forces in Europe – Air Forces Africa (USAFE-AFAFRICA). The company's expertise in delivering commercial off-the-shelf pension and group life insurance products to federal government entities, combined with its registration in the System for Award Management (SAM.gov) since 2005, positions it as a reliable provider for managing the insurance needs of American military and civilian personnel stationed abroad. This contract represents part of the broader effort to ensure comprehensive benefits coverage for U.S. government employees and retirees serving in international duty stations.
Quick answers
Who was awarded contract FA557021F0007?
FA557021F0007 was awarded to Storebrand Livsforsikring AS by Air Forces Europe and Africa (Air Force) on October 1, 2020.
How much is contract FA557021F0007 worth?
The government has obligated $142,553 on FA557021F0007. Its current value, with exercised options, is $142,825.
Which agency awarded contract FA557021F0007?
Air Forces Europe and Africa (Air Force) awarded FA557021F0007, with funding from Air Force (Department of Defense).
Is contract FA557021F0007 an order under another contract?
Yes. FA557021F0007 is a BPA call under FA557019AA002, a blanket purchase agreement.
Was contract FA557021F0007 competed?
The extent of competition for FA557021F0007 was not competed under sap. The government received 1 offer.
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