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City of Madison - Purchasing Services·Wisconsin

Life and Disability Insurance

Closes 8/31/2026$1M – $3MRequest for Proposal
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Description

The City of Madison Human Resources Division is soliciting proposals from qualified vendors to provide a comprehensive suite of life and disability insurance products for its employees. This includes basic life and accidental death & dismemberment (AD&D) insurance, voluntary life and AD&D options, and wage insurance covering short‑term disability (STD) and long‑term disability (LTD). Vendors must submit a price proposal (Form A) and demonstrate capability to administer the policies, manage beneficiary data, and comply with applicable state regulations. • Required insurance products: Basic Life, AD&D, Voluntary Life, AD&D, STD, LTD. • Submissions must include a completed Form A price proposal and relevant experience documentation (e.g., Exhibit C‑M). • The contract will be awarded to the vendor offering the best value while meeting all technical and compliance requirements.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Brittany Garcia(Buyer 2)

[email protected]

Key dates

Opened
7/21/2026
Closes
8/31/2026

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524113
Solicitation №
RFP-15001-0-2026-BG-0-2026/BLG

Budget estimate

$1,000,000 – $3,000,000

No explicit budget is listed; however, municipal employee life and disability insurance programs for a city of Madison’s size typically run in the low‑to‑mid millions annually. Assuming a 10‑year contract term with coverage for roughly 10,000 employee lives, an estimated contract value would range between $1 million and $3 million, reflecting variations in premium rates, administrative fees, and optional voluntary coverage components.

AI estimate from the solicitation

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