CMS Benefits B12595 Notice of Award Form Life Insurance Services_1.pdf
PDF 183 KB Posted
- Solicitation number
- 20-416CMS-BENF4-B-12595
- Issued by
- St. Clair County, Illinois
About this file
This document is a Notice of Award Form for a contract awarded by the Illinois Department of Central Management Services (CMS) - Bureau of Benefits for Life Insurance Services. CMS is awarding the contract to Minnesota Life Insurance Company to provide a group life and accidental death & dismemberment (AD&D) insurance program for its employees and annuitants. The initial contract term is 60 months with 5 renewal options. The estimated initial term cost is $415,452,000.00, with an estimated annual renewal cost of $83,090,000.
The contract was awarded based on the offer that was most advantageous and best value to the State, per the agency's rationale. Pricing details include a basic premium rate of $0.29, basic administrative fee of 1.3%, interest rate of 3%, and supplemental life age band rates ranging from $0.03 to $1.83 with an 8.2% administrative fee. The State also received proposals from other bidders, including Metropolitan Life Insurance Company with a bid amount of $915,000,000.00.
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Other files
| File | Type | Posted |
|---|---|---|
| Question 18 - Act vs. Ret.pdf | ||
| Forms B Section V.20.1~17.docx | DOCX document | |
| Addendum 1_3.doc | DOC document | |
| Question 18 - Financial Experience July 2019 through March 2020.xlsx | XLSX spreadsheet | |
| Group Life Insurance RFP Revisions 5-19-20.docx | DOCX document | |
| Attachment - Notice of Electronic Submission Only v.20.2.pdf | ||
| Vendor Instruction to submit Technical Proposals B-12595.docx | DOCX document | |
| Appendix 9 Census Data Life Summary Report Basic and Optional Age Count 1000 Units.xlsm | XLSM spreadsheet | |
| Appendices 1 thru 7.xlsx | XLSX spreadsheet | |
| Met. Life Protest.zip | ZIP file | |
| Question 18 - Optional Life Split.docx | DOCX document | |
| Appendix 8 Census Data.xlsx | XLSX spreadsheet | |
| CountyCodes.xlsx | XLSX spreadsheet | |
| Appendix 10 Certificate of Insurance.pdf | ||
| MetLife Protest CPO Determination.pdf | ||
| Utilization Plan Version 20.0.pdf | ||
| Group Life Insurance RFP.docx | DOCX document | |
| Forms A~24.doc | DOC document |
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Text version
Notice of Award Form Agency and Awarded Vendor Information *Description
*Bid Number *Agency
*Vendor Selected for Award *Line Item Description
*Award Amount *Length of Initial Term *Number of Renewals
Farm Leases and Concessions Value to the State
Estimated Financial Return to the State for the Life of the Contract
Value to the Vendor
Estimated Gross Revenue to the Vendor for the Life of the Contract
Business Enterprise Program/Veteran Business Program % of BEP Per Utilization Plan % of VBP Per Utilization Plan
Other
V.18.1
Unsuccessful Bidder(s) *Number of Responding Bidder(s) Number of Unsuccessful Bidder(s) Number Award
Bidder(s)/Offeror(s) Not Selected Bid Amount
Agency Contact Contact Name Telephone Number Email Address Fax Number
Street Address City State Zip Code
SPO Written Determination for Contract Award Decision General - Applies to Emergencies, Split Awards, Award to Other than Lowest Responsible and Responsive Bidder. The Rationale described by the purchasing agency in the recommendation to award seems reasonable, and serves as the basis for the contract decision.
Invitation for Bid The contract was procured through the Invitation for Bid process, and the contract has been awarded to the lowest priced responsive and responsible bidder.
Request for Proposal Based on factors set forth in the Request for Proposal, the contract has been awarded to the offeror whose proposal is most advantageous to the State.
Change Order The contract is a change order where the circumstances that necessitate the change in performance were not reasonably foreseeable at the time the contract was signed, or the change is germane to the original contract and reasonable in size and scope, or the change is in the best interest of the State. The change order is based on the purchasing agency's justification.
Renewal The contract is a renewal in accordance with the terms of the existing contract. The award decision is based on justification presented by the purchasing agency's justification.
Comments
Other
Explanation of Other Items
State Purchasing Officer Date
V.18.1
| Agency and Awarded Vendor Information |
| Farm Leases and Concessions |
| Business Enterprise Program/Veteran Business Program |
| Unsuccessful Bidder(s) |
| Agency Contact |
| SPO Written Determination for Contract Award Decision |
| Text1: Life Insurance Services |
| Text2: Technical B-12595, Price B-14561 |
| Text3: CMS - Bureau of Benefits |
| Text4: Minnesota Life Insurance Company |
| Text5: The Department of Central Management Services is seeking a Vendor to provide a group life and accidental death & dismemberment (AD&D) insurance program for its employees and annuitants. CMS is awarding the contract to Minnesota Life Insurance Company. |
| Text6: $831,000,000.00 |
| Text7: 60 |
| Text8: 5 |
| Text9: |
| Text10: |
| Text11: 5% |
| Text12: |
| Text13: |
| Text14: |
| Text15: 2 |
| Text16: 1 |
| Text17: 1 |
| Text18: Metropolitan Life Insurance Company $915,000,000.00, Initial Term $457,356,000 |
| Text19: Tom Sestak |
| Text20: 217-524-3508 |
| Text21: tom.j.sestak@illinois.gov |
| Text22: 217-557-2080 |
| Text23: 801 S. 7th Street, 2FL |
| Text24: Springfield |
| Text25: Illinois |
| Text26: 62703 |
| Check Box27: Off |
| Check Box28: Off |
| Check Box29: Yes |
| Check Box30: Off |
| Check Box31: Off |
| Text32: Estimated Initial Term Cost (5 Years) - $415,452,000.00 Estimated Annual Renewal Cost $83,090,000 |
Basic Premium Rate - $.29, Basic Adm. Fee - 1.3%, Interest rate - 3%, Supplemental Life Age Band Rate - $.03--$1.83, Supplemental Life Adm. Fee - 8.2%, Spouse Life - $.60, Child Life - $.09, AD&D - $.03
| Text33: Awarded to the offer that was most advantageous and best value to State, based on Agency’s rationale. | |
| Text34: | |
| Text36: 9/11/2020 | |
| 2020-09-11T12:02:21-0500 | |
| Jennifer A Klein |
File details come from the government source that posted it. Updated .