title
PROPOSED CONTRACT
Department(s): Department of Risk Management
Vendor: Metropolitan Life Insurance Company d/b/a MetLife
Request: Authorization for the Chief Procurement Officer to enter into and execute
Good(s) or Service(s): Group Term Life Insurance
Contract Value: $9,198,081.00
Contract period: 10/1/2025 - 9/30/2028 with two one-year renewal options
Contract Utilization: The vendor has met the Minority- and Women-owned Business Enterprise Ordinance via: Direct participation.
Potential Fiscal Year Budget Impact: FY 2025 $3,066,027.00, FY 2026 $3,066,027.00, FY 2027 $3,066,027.00
Accounts: 11250.1021.10155.501590.00000.00000
Contract Number(s): 2423-020913
Summary: This contract allows the County to provide group-term life insurance coverage to County employees at no cost to the employee. Eligible employees also have an opportunity to purchase an age-banded supplemental life insurance product. The Director of Risk Management or her designee is authorized to execute the Statement of Responsibility, Group Application and Life Recordkeeping Agreement to support the basic and supplemental life insurance plans in accordance with the contract.
This contract is awarded through a publicly advertised Request for Proposals (RFP) in accordance with the Cook County Procurement Code. Metropolitan Life Insurance Company d/b/a MetLife was selected based on established evaluation criteria.
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