DOR-PSC-Multiple Life Estate Calculator

The Kentucky Department of Revenue is requesting proposals for actuarial services to update a multiple life estate calculator under RFP 130 2700000068, with proposals due November 4, 2026 at 2:00 p.m. Eastern Time and written questions due by 2:00 p.m. on October 14, 2026.

The scope is updating the Department's current multiple life factor calculator Excel worksheet using current National Center for Health Statistics life expectancy data in accordance with 103 KAR 2:005. The calculator must address eight defined multiple life estate interest scenarios ranging from two to four lives in various survivorship and joint interest configurations. Vendors must provide actuarial services and clerical support staff with itemized hourly rates.

The estimated annual cost is not to exceed $10,000 for actuary services. The contract term runs from November 15, 2026 through June 30, 2028, with renewal options for up to two additional two-year periods subject to approval by the Secretary of the Finance and Administration Cabinet and the Legislative Research Commission Government Contract Review Committee. The Commonwealth reserves the right to request Best and Final Offers and negotiate fair and reasonable compensation.

Evaluation is weighted 400 points for cost proposal and 600 points for technical proposal, with up to 200 additional points available for oral demonstrations (maximum 1,200 points total). Technical criteria include direct experience with actuarial services for government state agencies (200 points), technical knowledge and experience with National Center for Health Statistics life expectancy data (100 points), education, licenses, and certifications with evidence of accreditation (250 points), and prior performance evaluations by Kentucky State Agencies (50 points). Required insurance includes Commercial General Liability coverage at $1,000,000 per occurrence and $2,000,000 aggregate, and Professional Liability coverage at $1,000,000 per claim. No bidders conference is scheduled. Commonwealth responses to written questions are anticipated by October 23, 2026. Proposals must be submitted electronically through the Kentucky Vendor Self Service System in three separate parts: Technical Proposal, Cost Proposal, and Proprietary Information.