RFP 122-3-11-2 Basic Group Vol. Dep. Life Ins and AD D

The School District of Pickens County solicited a comprehensive group‑life insurance program covering basic employee life, voluntary dependent life, supplemental life, and accidental death & dismemberment (AD&D). The award was made to Minnesota Life Insurance Company, which will provide non‑contributory basic coverage for approximately 2,122 employees and offer optional, employee‑paid supplemental and dependent policies. The contract runs from Jan 1 2023 to Dec 31 2023 with the possibility of up to four one‑year renewals. Pricing is based on per‑$1,000 unit rates (e.g., $0.135 for basic life, $0.017 for AD&D) and the district’s total coverage exposure is roughly $44 million, yielding an estimated annual premium of about $90‑$100 k. • Scope: Basic group term life, voluntary dependent life, supplemental life, AD&D, and related administration/claims services. • Vendor: Minnesota Life Insurance Company (Securian subsidiary) with corporate office in St. Paul, MN. • Procurement: Open competitive RFP, single‑award, with a bid deadline of 2 Nov 2022 and award issued 16 Nov 2022.