Life Insurance and AD&D Coverage Services

Overview

Financial, Legal, HR & Staffing

Hialeah, Florida, United StatesPosted about 1 month agoDeadline: May 5th, 2026

Fit Score

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SUMMARY

The City of Hialeah seeks a provider for group life insurance and AD&D coverage for its employees and retirees, covering approximately 1,171 individuals.

KEY REQUIREMENTS

Must be licensed to do business as an insurance company in the State of Florida
Must have five continuous years of experience providing services similar in scope and size
Must be an active corporation or other incorporated business entity in the State of Florida
Must provide an active certificate/license to prove a minimum financial strength rating of A- or equivalent from AM Best
Must have completed at least three contracts providing insurance coverage for a similar scope of work
Must provide three references
Must not be on the convicted vendor list or discriminatory vendor list
Must not have been debarred within the past seven years by any public agency in Florida
Must provide an original hard copy bid bond if the bid amount exceeds $100,000

BUDGET

Estimate

$150,000 – $300,000

CONTRACT DURATION

36 months

TIMELINE

Issue Project Date: April 5th, 2026

Question Submission Deadline: April 21st, 2026

Proposal Submission Deadline: May 5th, 2026

QUESTION DEADLINE

April 21st, 2026

Issuing Agency

City Of Hialeah

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DESCRIPTION

The City of Hialeah, Florida is seeking proposals from qualified vendors to provide life insurance and accidental death & dismemberment (AD&D) coverage services. The coverage currently includes all eligible full-time city employees for life insurance, and both active and retired employees for AD&D policies. Currently, approximately 1,171 individuals require coverage under the proposed contract, including 768 active employees and 1,086 retirees covered by the AD&D policy. The life insurance benefit offers a group term life benefit equal to 1x annual salary for each full-time employee, including police and fire personnel.

The selected vendor will assume provision of these group insurance benefits from the existing provider, which has served the city since 2019. The initial contract period will be for one year. Vendors are required to submit any questions regarding this solicitation no later than April 21, 2026.

Source attribution

This Settle analysis is based on the issuing organization’s public RFP listing.