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Sumner County accepts incumbent life-insurance proposal; staff to remove broker to lower premium and draft carrier letters
Summary
After reviewing bids, presenters recommended and the board approved the incumbent no-broker life-insurance proposal that reduced the county's annual premium from about $103,921 to roughly $86,463; staff said they will prepare letters to carriers and re-bid in two years. A separate motion to remove gender-affirming care from the Evidence of Coverage was proposed but no final vote is recorded in the transcript.
Presenter reviewed the county's procurement for basic group term life and accidental death and dismemberment coverage and said the lowest-cost proposals came as no-broker bids. Presenter reported the current annual premium at roughly $103,921 and said a no-broker incumbent proposal would bring the annual premium to about $86,463, a reduction of roughly 16.8% to 17%.
"It would reduce your cost by 16.8%, or 17%," Presenter said when recommending the incumbent no-broker option. The presenter…
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