Sarasota County Schools
Agenda Item #26
Title
APPROVAL TO AWARD RFP #14-0250 FOR LIFE AND LONG TERM DISABILITY INSURANCE
Description
Proposals to provide 'Life and Long Term Disability Insurance' were received from ten vendors on July 23, 2013. The proposals of Minnesota Life for life insurance and Life Insurance Company of North America (Cigna) for long term disability insurance were the best proposals meeting the advertised specifications. The proposal of Prudential Insurance Company of America is non-responsive to the requirement to submit a signed certification page. The effective date of the contracts is January 1, 2014 and the rates are guaranteed for a minimum of three years. The funds for these purchases are contained in the budget allocated to the Risk Management Department.
Recommendation
That the proposals of Minnesota Life to provide life insurance and Life Insurance Company of North America (Cigna) to provide long term disability insurance in an amount not to exceed $975,000.00, be approved as presented.
Contact
CORCORAN & BLACK/PETERSON
Financial Impact
$975,000.00
Attachment: LifeAndLongTermDisability14-0250Rec.pdf