Life Insurance

The Wichita Falls Independent School District (WFISD) issued a Request for Proposal (RFP) #17-40 for Basic Life and AD&D Insurance, Voluntary Term Life Insurance, and AD&D. The contract was awarded to Lincoln National for $0.045 (Basic Life) and $0.020 (AD&D) per $1000.00. The contract is for a two-year period, with the option to renew for two additional two-year periods. The district reserves the right to reject any or all proposals and to waive all technicalities. The selected vendor must provide a description of services, submit a description of services to be provided, and maintain certain insurance coverages, including Professional E&O Liability insurance and Comprehensive General Liability insurance. Key aspects of the contract include: • The district will pay the premium as proposed • The vendor must provide quarterly reports of all claims and information • The vendor must maintain certain insurance coverages • The contract can be terminated by the district for default or without cause • The vendor must comply with all federal, state, and local laws and regulations • The district reserves the right to review and reject any proposal • The selected vendor must sign a contract agreeing to the terms and conditions of the RFP.