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  5. ›15/0156 - Life and Accidental Death and Dismemberment…

Awarded contract·Harris County Purchasing Department·Texas

15/0156 - Life and Accidental Death and Dismemberment (AD&D) Insurance for Harris County

Won by Dearborn National Life Insurance Company$5.6MSingle Award
Contract source

Awarded vendors

  • Dearborn National Life Insurance Company

Description

This contract is for Life and Accidental Death and Dismemberment (AD&D) insurance for Harris County and the Harris County Flood Control District. The contract was awarded to Dearborn National Life Insurance Company for a term of March 1, 2023, through December 31, 2023, or until a new contract is in place, with no increase in pricing. The estimated cost for the plan year is $5,600,000. Key aspects of the contract include: • Life and AD&D insurance coverage for Harris County employees, retirees, and their dependents • Term of the contract is from March 1, 2023, to December 31, 2023, or until a new contract is in place • No increase in pricing from the previous contract • Estimated plan year cost of $5,600,000 • The contract is fully insured, and the vendor has agreed to extend under the same terms and conditions as the awarded contract.

Attached files

Key dates

Starts
3/1/2023
Ends
12/31/2023Renews
Duration
305 days

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524113
Solicitation №
90662

Contract value

$5,600,000

Based on the provided information, the contract's estimated value for the plan year is $5,600,000. This amount is directly stated in the contract details and is associated with the term from March 1, 2023, to December 31, 2023. Since the contract is for life and accidental death and dismemberment insurance and covers Harris County employees, retirees, and their dependents, the cost is likely distributed over the term of the contract. Given that the pricing remains the same as the previous contract, this estimate seems reasonable. Factors influencing the contract value include the number of insured individuals, the insurance coverage terms, and the premium rates agreed upon with Dearborn National Life Insurance Company.

AI estimate from the award documents

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