NIGP 95363: Life Insurance

NIGP 95363 Life Insurance, an Item code, encompasses group life insurance products and related administration services that state and local governments procure for employee and retiree populations. Recent solicitations show governments buying basic and voluntary group term life coverage with accidental death and dismemberment (AD&D) benefits, supplemental life options, and administrative services including enrollment processing, claims management, and beneficiary support. Life insurance administration typically bundles with other ancillary benefits—short-term and long-term disability, critical illness, accident coverage, hospital indemnity—under consolidated benefits RFPs, though standalone life insurance procurements also appear regularly. Issuing bodies include county governments (Greenville County, South Carolina; Okaloosa County, Florida; Boulder County, Colorado), cities (Waxahachie, Westerville, Holly Hill, Quincy, Orlando, Lewisville, Burleson), school districts (Manor ISD Texas; Tempe Elementary; Saint Louis Public Schools; City Colleges of Chicago; Granite School District Utah), state agencies (Illinois Chief Procurement Office; Employees Retirement System of Texas), transit and special-purpose authorities (Central Health Travis County Texas; New Smyrna Beach Utilities Florida), and higher education systems (Texas A&M University System). Counties and municipalities represent the bulk of recent activity, with school districts accounting for a significant secondary share.

Recent opportunities cluster in Texas (Manor ISD, Waxahachie, Lewisville, Central Health, ERS Texas), California (Conejo Valley USD, Tuolumne County), Florida (Okaloosa County, Holly Hill, Orlando, New Smyrna Beach), and Massachusetts (Massachusetts Health Connector, multiple municipal RFPs), with secondary activity across Colorado, Georgia, Illinois, Ohio, Utah, and other states. Representative recent procurements include Greenville County, South Carolina's RFP 26057 for an Insurance Broker of Record managing group life for 2,700 county employees (RFP, due January 23, 2026); the State of Illinois renewal notice 26-416CMS-BENF4-B-51318 for MetLife basic and optional life insurance valued at $561 million (renewal, June 29, 2026); City of Westerville, Ohio RFP26002WHR for basic life, AD&D, and short-term disability administration for 470 employees (RFP, due June 16, 2026); and Granite School District, Utah voluntary benefits RFP for approximately 4,950 benefit-eligible employees including group accident, critical illness, and hospital indemnity (RFP, due February 26, 2026). Large statewide procurements with significant dollar values compete alongside mid-sized municipal and school district opportunities; pricing structures vary between fully insured per-employee-per-month rates, self-funded arrangements with administrative service-only fees, and broker commission models. Most contracts award initial terms of one to three years with optional renewals, and evaluation commonly weights experience with government entities, financial stability ratings, claims processing capability, and cost competitiveness. Set-asides and M/WBE participation goals appear inconsistently across jurisdictions, with some municipal and school district RFPs incorporating local business preferences or disadvantaged-enterprise mandates while others remain open to all qualified carriers.