Group Term Life Insurance

The Florida Department of Management Services (the "Department") is issuing a Request for Proposals (RFP) to establish a Contract for Group Term Life insurance benefits. The Department intends to make an award for the Services to one or more Respondents, with an estimated annual spend of $36,300,000. Respondents must submit pricing for all Plan designs by providing a corresponding monthly premium rate for the initial four-year term and up to four optional one-year renewal terms. The RFP covers detailed requirements for the respondent's service history, implementation, account management, support services, customer service, data and interface, reporting and deliverables, claims processing, audits, and underwriting. The Department will evaluate and score the Technical Proposal (up to 35 points) and the Price Sheet (up to 65 points) to determine the Respondent(s) with the highest aggregate score.

The RFP is open to all prospective respondents, and the Department reserves the right to award the Contract to one or more Respondents or to make no award. No set-asides or incumbent vendors are mentioned in the provided information. The funding requirements and sources are not detailed, but the Department notes the estimated annual spend of $36,300,000 is for informational purposes only and does not represent any guaranteed or minimum spend under the new contract. The contract will cover employees and retirees across the state of Florida, including the specific jurisdictions of Leon County and the City of Tallahassee.