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  5. ›GENERAL NOTICE: Employee Life Insurance Benefits Program

Illinois THA - Toll Highway Authority·Illinois

GENERAL NOTICE: Employee Life Insurance Benefits Program

Closes 7/31/2025$540kRequest for Proposal
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Description

The Illinois Tollway is providing a notice of award for the Employee Life Insurance Benefits Program Contract, which has been awarded to Metropolitan Life Insurance Company. The contract is for a three-year term, starting from March 1, 2025, and ending on February 29, 2028, with a total award amount of $540,000. The program will provide life insurance and accidental death and dismemberment benefits for employees and their qualified dependents. • The contract was procured through the Invitation for Bid process or a Request for Proposal. • The awarded vendor, Metropolitan Life Insurance Company, was selected based on their proposal, which best meets the Tollway's healthcare needs. • The contract has a three-year term, with an estimated total award amount of $540,000. • The program includes basic life insurance coverage, accidental death and dismemberment coverage, and voluntary life insurance coverage for employees and their dependents.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Cheryl Heinz(Agency Contact)

[email protected]

(630) 371-8302

Key dates

Opened
7/9/2025
Closes
7/31/2025
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524114
Solicitation №
25-557THA-FINAN-B-47675

Budget estimate

$540,000

The budget for this contract is estimated to be $540,000 over a three-year term, which averages to $180,000 per year. This estimate is based on the information provided in the notice of award. The actual budget may vary depending on the specific terms of the contract and the performance of the awarded vendor.

AI estimate from the solicitation

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