This bid is for fully insured group life insurance for approximately 4,300 benefit-eligible University of Alaska employees across Fairbanks, Anchorage, Juneau, and rural locations statewide in Alaska.
Due
November 30, 2026
22 days left
Location
Alaska
Posted on
Bonfire
Notice ID
UA 27P0038 MOS
Please quote fully insured group life insurance for approximately 4,300 benefit-eligible University of Alaska employees across Fairbanks, Anchorage, Juneau, and rural locations statewide in Alaska.
Insurance: Employer-paid basic life coverage of $100,000, with premiums waived for total disability.
Extra coverage: Employee-paid life coverage in $50,000 steps up to $600,000; spouse or partner coverage in $10,000 steps up to $150,000; and $10,000 coverage for eligible children under 26. Include premium waivers for total disability.
Guaranteed coverage: Coverage without medical review: employees receive limits of $200,000 under age 65 and $100,000 at 65 or older; spouses or partners receive limits of $50,000 under 65 and $20,000 at 65 or older.
Accident coverage: Voluntary accidental death and dismemberment coverage of $300,000 for employees, with family options of 40% for a spouse and 10% per child, 50% for a spouse only, or 15% per child only.
Start: Begin July 1, 2027, keeping existing participants and coverage levels without new medical reviews or coverage gaps.
Administration: Provide an employer claims and reporting website, electronic eligibility and payroll file connections, acceptance of existing enrollment forms, and help setting up the coverage.
Please confirm availability and send your quote by November 30, 2026.
The original documents
Deadline: November 30, 2026
See the original on ua.bonfirehub.com
Bidding it yourself? Get the full package and submit on Bonfire before November 30, 2026.
What they need
Basic lifeEmployer-paid $100,000 coverage, with total disability waiver of premium.
Supplemental lifeEmployee-paid coverage in $50,000 increments up to $600,000; spouse/partner coverage in $10,000 increments up to $150,000; $10,000 child coverage for eligible children under 26. Include total disability waiver for supplemental life.
Guaranteed issueEmployee limits of $200,000 under age 65 and $100,000 at 65+; spouse/partner limits of $50,000 under 65 and $20,000 at 65+.
Voluntary AD&D$300,000 employee coverage with family options: 40% spouse/10% per child, 50% spouse only, or 15% per child only.
Start and transitionJuly 1, 2027; preserve existing participants and coverage levels without new medical underwriting or coverage gaps.
AdministrationEmployer claims/reporting portal, electronic eligibility and payroll file integration, acceptance of existing enrollment forms, and implementation support.
PricingAll-inclusive rates fixed through June 30, 2030, including a 3% annual service fee remitted monthly to Lockton Dunning Benefits and a one-time $50,000 implementation credit. Provide monthly basic life/AD&D rates per $1,000 and supplemental rates by age and coverage tier.
XL Eagle