DATE: April 27, 2018
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Kristine Tallent, Assistant City Administrator / CFO
Kevin Townsel, Human Resources Director
Sara Sylvis, Risk and Benefits Manager
Brian Wilcox, Purchasing Manager
SUBJECT:
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*Consideration Of Procurement Award To Symetra Life Insurance Co. Of Enfield, Connecticut For Voluntary Group Term Life Insurance With Accidental Death & Dismemberment Benefits And Voluntary Short-Term Disability Insurance For A Three-Year Term Of Service To Be Effective July 1, 2018, With Two (2) One-Year Options To Extend The Term Of Service (Purchasing Office Procurement Solicitation No. 2018-015; Contract No. 2018-0082)
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Purpose
The purpose of this procurement is to select for optional purchase by eligible employees voluntary group term life insurance with accidental death & dismemberment benefits and voluntary short-term disability insurance, benefits that may be purchased at the employee's sole expense at designated opportunities.
Background
The City published on March 29, 2018 a Notice to Proposers in the Williamson Herald for voluntary group term life insurance with accidental death & dismemberment benefits and voluntary short-term disability insurance. In addition, solicitation documents were sent on or about the same date directly to twenty (20) potential proposers known or thought to be interested in this solicitation. Proposals from eleven (11) respondents were publicly opened at the submittal opening held on April 19, 2018. A tabulation of the proposals received for this solicitation is attached.
All proposals received were evaluated, using the selection criteria included in the Request for Proposals, by the City's group employee insurance benefits consultant, the firm of Cowan Benefit Services, a division of Hub International. The two proposals that were scored the highest (and the only two proposals that offered both the requested three-year rate guara...
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