Basic Life Insurance and Optional Life Insurance Program Service

Overview

Financial, Legal, HR & Staffing

Milwaukee, Wisconsin, United StatesPosted 3 days agoDeadline: May 26th, 2026

Fit Score

Settle Intelligence

Settle helps teams find, evaluate, and respond to public RFPs. We continuously surface new opportunities, score them against your company strengths, and draft proposal responses so you can focus on the work that wins business.

SUMMARY

Government authority in Milwaukee seeks a provider for basic and optional life insurance programs, including coverage, claims administration, and implementation support. The contract is expected to run for three years.

KEY REQUIREMENTS

Must possess a financial rating of AM Best A- or higher, Moody's A3 or higher, S&P A- or higher, or Fitch A- or higher
Must be in good standing with the State of Wisconsin and qualified to provide benefits and services in the state
Must maintain appropriate licensing with the Wisconsin Department of Insurance
Must have ten or more clients with over 5,000 covered lives for both Life and AD&D coverage
Must have at least two public sector entity clients within the past two years
Must agree to enter a contract and comply with all state and local laws, regulations, and ordinances
Must be able to provide full administrative services for Basic and Optional Life Insurance programs

BUDGET

Estimate

$500,000 – $1,500,000

CONTRACT DURATION

36 months

TIMELINE

RFP Issued: May 5th, 2026

Deadline for Submission of Questions: May 15th, 2026

Deadline for Submission of Confidential Information Agreement with Minimum Qualifications Acknowledgement: May 19th, 2026

Deadline for Proposal Submission: May 26th, 2026

Projected Service Starting Date: January 1st, 2027

QUESTION DEADLINE

May 15th, 2026

Issuing Agency

Milwaukee County Department Of Human Resources

Organization overview and procurement intelligence available on paid plans.

See Issuer Research

DESCRIPTION

A government authority in Milwaukee, Wisconsin is seeking a vendor to provide basic life insurance and optional life insurance program services. The scope includes insurance coverage and full administrative services for benefits programs supporting active employees, eligible retirees, and beneficiaries. The programs include basic life insurance, optional life insurance, and dependent child life insurance.

The selected vendor will be expected to deliver accurate, timely, and responsive claims management, as well as the technical and administrative support necessary for a smooth implementation. These benefits are intended to provide financial protection to employees and their families during times of loss.

Questions are due by May 15, 2026. The anticipated contract term is three years.

Source attribution

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