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  5. ›RQ9688: Life & Accidental Death Insurance

Awarded contract·Cuyahoga County·Ohio

RQ9688: Life & Accidental Death Insurance

$125kSingle Award
Contract source

Description

This solicitation (RQ9688) seeks proposals from qualified insurance carriers to provide group life and accidental death insurance, as well as voluntary (employee‑purchased) life and AD&D coverage for Cuyahoga County employees. The scope includes policy underwriting, administration of benefits (portability, conversion, evidence‑of‑insurability, claims processing, beneficiary management), and integration with the County’s existing enrollment platforms (Infor and the ALEX tool). The County desires the lowest possible rates and does not anticipate implementation fees. • Services: Group life, AD&D, and voluntary life/AD&D insurance for roughly 3,600 employees (plus dependents). • Submission: Physical copies to the County Purchasing Office or electronic uploads via the Supplier Portal; final deadline August 10, 2022 11:00 am after two deadline extensions. • Evaluation: Competitive, full‑open competition; vendors must submit both redacted and unredacted proposals together.

Attached files

Key dates

Bids closed
8/10/2022
Contract modified
8/1/2022
Duration
3 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524126
Solicitation №
2903

Contract value

$125,000

The solicitation does not disclose a total contract value. Using the provided census of approximately 3,642 employees and the listed voluntary life rates (roughly $0.05‑$0.15 per $1,000 of coverage), an estimated premium for the mandatory $10,000 basic life benefit would be in the low‑single‑digit dollars per employee per year (≈ $2‑$3). Multiplying by 3,642 employees yields an annual premium estimate of $7,000‑$11,000 for the basic coverage. Adding voluntary coverage, AD&D rates, dependent coverage, and administrative fees could raise the annual spend to roughly $30,000‑$50,000. Over the anticipated three‑year contract period, the total contract value is therefore approximated at $100,000‑$150,000. To provide a single figure, a midpoint of $125,000 is used.

AI estimate from the award documents

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