RFP Group Term Life

The St. Johns River Water Management District in Putnam County, Florida is seeking proposals from qualified insurance providers to place group term life insurance with accidental death and dismemberment (AD&D) coverage, as well as supplemental term life insurance, for the District's benefit-eligible employees. The successful respondent must provide fixed rates for a two-year base period, with the option to renew for three or more additional 12-month periods. The District's current coverage must be matched, with some modifications outlined in the Statement of Work, including increasing the maximum coverage amount. Proposals are due by 1:00 p.m. on June 11, 2024, and will be opened at the District's headquarters. The total estimated budget for the work is $172,500. The RFP requires respondents to confirm their ability to meet all the principal areas defined in the Statement of Work, including eligibility timelines, continuity of coverage, actively-at-work waivers, and one-time guarantee issue opportunities. Respondents are also asked to provide details on their implementation approach, any additional coverage offerings, and the percentage of commission for the designated insurance agent.

The RFP does not mention any set-aside designations or restrictions on the types of organizations that can respond. It also does not specify any incumbent vendors or current contractors. The funding source is not clearly stated, but the District requires the successful respondent to provide fixed pricing for the initial two-year term and potential renewal periods.