The SEBC desires to contract with a life insurance carrier that can provide life insurance benefits to eligible active State of Delaware and Delaware Solid Waste Authority (DSWA), a non-State group, employees, retirees (“pensioners”) and their dependents. The eligible group consists of permanent full-time employees, permanent part-time employees, limited term employees, elected and appointed State Officials, and board members. The SEBC is interested in receiving proposals from life insurance carriers that can replicate the current life insurance benefits that are in place today, which include GUL insurance for employees and pensioners and group term life insurance for their spouses and children (subject to age limitations3 ). AD&D coverage is included for employees and pensioners. The SEBC is also interested in receiving proposals from life insurance carriers for alternative life insurance plan offerings based on (1) maintaining employee GUL but making some modest enhancements to the current plan design offered to employees and eligible dependents, (2) offering group term life insurance for employees, spouses and children, and (3) offering group term life insurance for employees, spouses and children while also including some modest enhancements to the plan design offered to employees and eligible dependents. Further details about these coverage options are provided below. As a requirement, any new life insurance carrier must honor the current life insurance carrier’s acceptance of proof of good health for current plan participants. Additionally, the State expects that any employee who ports or converts their life insurance coverage to an individual policy upon separation from the plan (due to retirement, termination of employment, etc.) will retain the same coverage that they had as an employee, including any of the enhanced benefits outlined in Option 2 and Option 4, which are described further below.
