NIGP 95363: Life Insurance

NIGP 95363 Life Insurance, an Item code, covers group life insurance products and administration services that state and local governments procure for their active employees and retirees—including basic life and accidental death and dismemberment (AD&D) coverage, voluntary supplemental life options, and related claims administration. Recent solicitations show municipalities, counties, and special districts buying fully insured group term life, self-funded stop loss insurance overlays for medical and pharmacy benefits, and broker-of-record services to negotiate and administer life and ancillary benefit portfolios. Issuing bodies span small cities (populations under 500 employees) through large county systems (2,700+ benefit-eligible staff), independent school districts, transit authorities, and specialized public entities such as fire departments and housing authorities. Counties and municipalities dominate the recent activity, with repeat buyers including City of Sarasota (stop loss), Brevard County (supplemental health and life consolidation), City of Lewisville (comprehensive benefits administration), and Greenville County (self-insured life and stop loss coordination). A few state-level renewals appear—Illinois CMS's MetLife life insurance renewal at $561 million through 2031, and Texas A&M System's group life and AD&D covering 42,285 employees across 12 universities and state agencies—but county and municipal procurement dominates the recent opportunities block.

Geographic concentration is heaviest in Florida (City of DeBary, City of Holly Hill, City of Sarasota, Brevard County, Okaloosa County), Texas (City of Sarasota brokerage services routing through Brown and Brown; City of Lewisville; City of Waxahachie; Johnson County; City of Pflugerville; Central Health/Travis County), and the Northeast (Massachusetts towns including Town of Canton, Town of Acton; City of Quincy; City of Cambridge; City of Westerville, Ohio). Secondary activity spans Georgia (Catoosa County), South Carolina (Greenville County), Mississippi (MTC), California (Tuolumne County behavioral health; Housing Authority of Alameda), Wisconsin (City of Madison), and Utah (Salt Lake City RFI on workers compensation TPA). Representative recent opportunities include the City of Holly Hill RFP 26-HR-01 (issued April 8, 2026, deadline April 8, 2026) seeking broker services for medical, dental, vision, firefighter cancer, and life insurance for 109 active employees and 53 retirees, evaluated on firm qualifications, team experience, scope responsiveness, plan design and cost management, and public-sector references; Brevard County RFP 1-26-12 (issued July 28, 2026, deadline July 28, 2026) consolidating mandatory group term life, AD&D, short-term and long-term disability, and new voluntary supplemental accident, hospital indemnity, and critical illness products under Standard Insurance Company, with current premiums totaling $2,114,474.84 annually; and the City of Madison RFP for basic life, voluntary life, short-term disability, and long-term disability (issued August 31, 2026, deadline August 31, 2026) for 3,103 active employees and 1,462 retirees, with evaluation weighted 65 points technical merit, 30 points cost, and 5 points local-vendor preference, seeking rate guarantees of three years minimum and replacement of The Hartford incumbent since 1993. Stop loss insurance and broker-of-record procurements (City of Sarasota, Johnson County, Town of Canton) reflect strong demand for self-insured plan management and carrier negotiation support as municipalities seek cost containment and claims advocacy.