Government Contract | Illinois
Group Term Life Insurance

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Bid Information

Bid Alert No: 00000497319

Bid Title: Group Term Life Insurance

Agency Bid No. Title: Not Stated

Received Date: 03/01/2016

Close Date: 03/24/2016

Purchase Type: 1 year term

Delivery Point:

Delivery Date: Not Stated


Specifications include, but are not limited to:he purpose of this request is to obtain proposals from qualified organizations, insurance company or broker/agent, to provide a group term life insurance plan for a minimum one-year period with options for an additional two one-year renewals beginning May 1, 2016. The City of Quincy currently has 371 full time employees eligible for the program, including police, fire, and transit employees. There are 241 retirees associated with the program. A. Scope of Services 1. The City of Quincy is requesting a guaranteed rate for group term life insurance for a period of two years. If this is not possible, we will accept a guaranteed rate for one year. 2. Coverage to begin May 1, 2016. 3. Minimum Hours to qualify: 30 hours, unless otherwise agreed upon. 4. Coverage to include all eligible full time employees. Due to the existence of life coverage, no changes will be permitted to the current coverage. Proposing companies must agree to adhere to the Citys existing coverage. 5. Life Insurance firm shall provide guaranteed coverage for newly eligible employees without different eligibility requirements. 6. Core Benefit: a. Full Time employees - $15,000 b. Retirees - $5,000 7. Waiting period is the first of the month following 30 consecutive days of continuous employment with the City

Bid Related Documents

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Product Code: 95363

Agency Information

Issuing Agency: City of Quincy

State: Illinois

Agency Type: State and Local

Contact: 730 Maine Street, Quincy, Illinois, 62301



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