Transit Life Insurance

The City of St. Joseph is seeking proposals from qualified vendors to furnish Life/AD&D Insurance for the employees and retirees of St. Joseph Transit, Inc. The insurance plan should provide a "No loss/No gain" situation, with no age reduction allowed. The plan should include employee term life, non-contributory life insurance, and supplemental life and AD&D insurance. Proposers should provide a three-year rate guarantee, describe account management services, and provide references for similar accounts. • The City prefers policies with a "Best's" Rating of A- or above. • All contracts between the City and the carrier must state that rates cannot be changed except as agreed upon between the City and the carrier. • Written notice must be provided at least 90 days in advance of cancellation, material change in coverage, or change in rates. • All policies of insurance are to be non-assessable. • The policy must be in effect October 1, 2026.