Group Life Insurance, Supplemental, Dependent Life

The contract is for a twelve-month term and supply contract for furnishing basic life, AD&D, voluntary life, dependent life, and long-term disability insurance to Jackson County employees. The contract was awarded to Standard Life Insurance Company of Portland, Oregon, with a total premium cost of $25,000. The contract includes a two-year rate guarantee and the option to extend for an additional twelve months. The contract is subject to the terms and conditions of the Request for Proposal and the recommendation of the County's Employee Benefits Consultant, CBIZ Benefits. Key aspects of the contract include: • Basic life insurance coverage • AD&D insurance coverage • Voluntary life insurance coverage • Dependent life insurance coverage • Long-term disability insurance coverage • Two-year rate guarantee • Option to extend for an additional twelve months This contract is significant for Jackson County as it provides essential insurance coverage for its employees and their families. The contract's terms and conditions, including the two-year rate guarantee and the option to extend, demonstrate the County's commitment to providing stable and secure benefits to its employees.