Description
The Illinois Tollway is providing a notice of award for the Employee Life Insurance Benefits Program Contract, which has been awarded to Metropolitan Life Insurance Company. The contract is for a three-year term, starting from March 1, 2025, and ending on February 29, 2028, with a total award amount of $540,000. The program will provide life insurance and accidental death and dismemberment benefits for employees and their qualified dependents.
• The contract was procured through the Invitation for Bid process or a Request for Proposal.
• The awarded vendor, Metropolitan Life Insurance Company, was selected based on their proposal, which best meets the Tollway's healthcare needs.
• The contract has a three-year term, with an estimated total award amount of $540,000.
• The program includes basic life insurance coverage, accidental death and dismemberment coverage, and voluntary life insurance coverage for employees and their dependents.