Group Term Life Insurance

The Florida Department of Management Services is issuing a Request for Proposals (RFP) to establish a contract for Group Term Life insurance benefits. The contract will cover the State of Florida, as well as the jurisdictions of Leon County and the City of Tallahassee. The Department is seeking proposals from vendors to provide basic group term life insurance coverage for eligible employees, vested legislators, retired employees, spouses, and dependent children, as well as optional group term life insurance for active employees. Respondents must submit pricing for all plan designs by providing corresponding monthly premium rates for the initial four-year term and the subsequent four-year renewal term. The RFP outlines detailed administrative requirements and performance guarantees the vendor must meet, such as implementing the plan, providing customer service, processing claims, and delivering various reports and audits. The Department intends to make an award to one or more respondents, though reserves the right to make no award. The annual spend for the contract is estimated to be $36,300,000, though this is for informational purposes only and does not represent a guaranteed minimum.

The RFP does not specify any set-aside designations or restrictions on the types of organizations that can respond. It also does not provide information on any incumbent vendors or current contractors. The RFP indicates the Department may renew the contract after the initial term, but does not include details on the possible award values or budget ranges.