bid-495-27-award.pdf

This RFP Scoring Summary document from the New Hampshire Department of Administrative Services, Division of Procurement Support Services, presents the award results for Group Life Insurance (RFP#495-27) with a proposal closing date of July 8, 2026 at 2:00 PM EST. The contract encompasses group life insurance coverage for the state's eligible full-time employees, with a contract term of five years from January 1, 2027 through December 31, 2031, with optional renewal for up to two additional years. The scope includes a non-participating, prospectively rated fully insured life and accidental death & dismemberment program, consisting of one employer-paid basic life plan ($50,000) and six employee-paid supplemental options including dependent child coverage. The state has approximately 10,050 employees enrolled in basic coverage with total enrollment volume of approximately $1.1 billion across all plans.

Three bidders were evaluated using a 100-point scoring methodology comprising technical scoring (50 points) and financial scoring (50 points). Securian (agent Ryan Fuller) scored 43.1 technical and 20.0 financial for a total of 63.1 points. MetLife scored 62.5 total points, and Voya Financial, the incumbent vendor since 2021, scored 46.0 technical and 30.0 financial for a total of 76.0 points, resulting in the award to Voya. Financial evaluation criteria included employer-paid premium (20 points), employee-paid premium (15 points), and total paid premium (15 points), while bidders were required to hold an A.M. Best rating of B++ or higher and demonstrate five years of experience with at least three public sector clients. Implementation activities must commence within seven days of approval or September 1, 2026, whichever is later.