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  5. ›2019-0030 Term Life Insurance - Minnesota Life Insurance…

Awarded contract·Atlanta Public Schools·Georgia

2019-0030 Term Life Insurance - Minnesota Life Insurance dba Securian Financial Group

Won by Minnesota Life Insurance Company dba Securian Financial Group$10MSingle Award
Contract source

Awarded vendors

  • Minnesota Life Insurance Company dba Securian Financial Group

Description

This contract is for the provision of group term life insurance to the Atlanta Public Schools. The contract was awarded to Minnesota Life Insurance Company dba Securian Financial Group, with a term of 5 years starting from January 1, 2020. The contract includes provisions for confidentiality, data security, and termination. The vendor is required to provide the insurance services in accordance with the statement of work and to perform all other tasks required by the contract. Key aspects of the contract include: * The contract term is 5 years with optional renewal terms * The vendor is required to provide group term life insurance to the Atlanta Public Schools * The contract includes provisions for confidentiality and data security * The vendor is required to perform all tasks required by the contract * The contract includes provisions for termination and dispute resolution

Attached files

Key dates

Starts
1/1/2020
Ends
12/31/2025Renews
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524114
Solicitation №
2019-0030

Contract value

$10,000,000

The contract value is not explicitly stated, but based on the contract's payment terms, which include a guaranteed 4-year rate, it can be estimated that the contract value is likely in the millions of dollars. The exact value would depend on the number of employees and the premium rates.

AI estimate from the award documents

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