EVMS Medical Group Annual Blanket REQ/Purchase Order to pay Mass Mutual Life Insurance Quarterly…

Old Dominion University in Virginia awarded a contract to Massachusetts Mutual Life Insurance Company for the provision of executive benefit life insurance policies. The contract, identified as PO05420110, was awarded on July 27, 2026, with a cumulative value of $142,540.38. The services are to be delivered to 4111 Monarch Way, Suite 500, Norfolk, Virginia 23508.

The contract encompasses life insurance coverage for the university's EVMS Medical Group, consisting of two primary components: an Executive Benefit Life 3 policy with quarterly premiums totaling $88,969.84 annually (calculated at $123.12 per month), and a Strategic Life II annual premium of $52,093.10. A change order executed on March 20, 2026, increased the contract quantity by 61,638.67 units to accommodate additional Massachusetts Mutual invoices for fiscal year 2026. The contract functions as an annual blanket purchase order mechanism for the ongoing administration and payment of these life insurance policies on behalf of the Medical Group.