DOCUMENT

RFP - Life Insurance, AD&D, and Disability Program 2005

  • YEAR CREATED: 2005
  • ENTITY TYPE: City/Township
  • TYPE OF DOCUMENT: RFP - Request for Proposals
The document is a request for proposal (RFP) from the Town of Greenwich for a life insurance, AD&D, and disability program. The document includes various sections requesting detailed information from potential vendors. The first section asks for a detailed description of the account management personnel and lead home office contacts that will be in charge of the account. It also requests a new account installation checklist and timetable for installing the account. Additionally, the location and hours of operation for the claims and customer service centers to be used for the account are required. The financial information section asks for a copy of the vendor's Annual Report and financial ratings report from an independent rating agency. It also inquires about any significant changes to the vendor's financial health and structure in the past twelve months and any planned changes for the next twelve months. The vendor is also asked to provide any additional commentary regarding the financial structure of their organization. The compensation section asks if the proposal includes any agent or broker compensation, bonus, override, or contingent commissions, and requests the estimated annual amount and intended recipient. Printed materials describing such programs, if applicable, should also be included. The life/AD&D insurance section asks for a description of the financial settlement options available to beneficiaries, provisions for waiver of premium, and any ancillary programs included with the coverage. The long-term disability section requests a description of the claims management process, the company's return to work policy, Social Security approval process, approach to absence and leave management, and online claim reporting capabilities. Ancillary programs included with the coverage are also requested. The document also includes reply sheets for the vendor to complete, indicating the coverages being proposed and pricing information. The vendor is also asked to indicate if the pricing is based on a package or unpackaged basis and if there are any broker or agent commissions included in the proposal. Overall, the document provides a comprehensive outline of the information and requirements the Town of Greenwich is seeking from potential vendors for their life insurance, AD&D, and disability program.
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