Life Insurance, Short-term Disability, and Long-term Disability

The City of Denton is seeking proposals for life insurance, short-term disability, and long-term disability benefits for its employees. The city has approximately 1,673 full-time and 41 part-time employees and is looking for a provider that can offer a benefit structure matching its current plans. The proposal should include a detailed description of the provider's organization, qualifications, and experience, as well as a benefit plan design that matches the city's current plans. The provider should also provide information on pricing, implementation, and account management. • The city's current life insurance plan provides a benefit of 2x salary up to $500,000 for full-time executives and 1x salary up to $300,000 for full-time and part-time employees. • The city's current short-term disability plan provides 60% income replacement up to $1,200 per week with a 14-day elimination period and an 11-week maximum payout. • The city's current long-term disability plan provides 60% income replacement up to $5,200 per month after a 90-day elimination period, with a maximum period of coverage of five years. • The provider should also provide information on its claims administration experience, staffing model, and service philosophy. • The provider should provide references from at least three comparable governmental organizations. • The provider should describe its financial strength ratings and provide information on its ability to meet service-level expectations.