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GIC approves renewal with MetLife for life and long-term disability
Summary
The Group Insurance Commission voted to approve contracting with MetLife to provide life and long-term disability coverage after staff recommended renewal following a competitive procurement; commissioners noted modest rate relief and negotiated options during the contract period.
The Group Insurance Commission voted to approve contracting with MetLife to provide life and long-term disability (LTD) insurance following a staff recommendation based on a recent procurement.
Cameron McBean, director of vendor management, told commissioners that finalists in the procurement included incumbent MetLife and The Hartford and that the selection team recommended renewing contracts with MetLife, noting some rate…
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