Long Term & Short Term Disability Insurance, & Term Life

Palm Beach County is seeking proposals for Long Term and Short Term Disability Insurance, and Term Life insurance. The County is looking for a financially stable provider who can match, improve, or provide a consistent level of benefits at the lowest net cost to both the County and the employees. The contract will be for a 12-month period, with possible renewal options. The County prefers fixed cost multi-year proposals but will also consider renewal caps based upon defined formulas. • The Long Term Disability Insurance Plan will contain both employer-paid core and buy-up voluntary LTD benefits. • The Short Term Disability Plan will be 100% voluntary. • The Term Life insurance will include an employer-paid basic term life and accidental death and dismemberment (AD&D) plan, as well as a voluntary supplemental term life and AD&D plan. • The County has approximately 4,750 employees eligible to participate in this coverage. • The current LTD plan has a composite rate method, and the County prefers to maintain this method. • The County is seeking proposals that duplicate the existing benefits and provisions exactly, with any deviations fully explained.