Life and Disability Benefits

The City of Red Oak is soliciting sealed proposals for a contract on Life and Disability insurance. The contract will be for a five-year term, with the option for renewal. The City is looking for a carrier or vendor that can provide a high level of service and whose products hold long-term cost containment goals. The proposal should include costs, benefits, and coverage area. The City will evaluate the proposals based on factors such as cost, financial stability, communication, claims processing, and integrated systems. • The City of Red Oak has 141 active employees who will be covered under the new plan. • The current carrier is Symetra, and the City is looking to match the current plans as closely as possible. • The proposal should include any cost-saving alternatives. • The City is looking for a carrier or vendor that can provide a high level of service and whose products hold long-term cost containment goals. • The contract will be for a five-year term, with the option for renewal. • The City reserves the right to reject any and all bids, in whole or in part, and to waive any informality in any bid.