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LE E COU NTY <br />5 ,, i; <br />Committed Today for a Better Tomorrow <br />LEE COUNTY BOARD OF COMMISSIONERS <br />ITEM ABSTRACT ITEM NO. II. F <br />_ Information <br />Meeting Date: May 18, 2015 _ Action Item <br />XX Consent Agenda <br />SUBJECT Renewal of Lee County Group Life Insurance <br />DEPARTMENT Human Resources <br />CONTACT PERSON Joyce McGehee, SHRM -SCP, SPHR, IPMA -CP Human Resources <br />Director <br />REQUEST Change Group Life Insurance carrier to Reliance Standard Life <br />Insurance Company <br />SUMMARY It is proposed that Lee County change to Reliance Standard Life <br />Insurance Company to provide Life, Supplemental Life, Dependent Life and AD &D. The County is <br />currently with Lincoln Financial for this benefit. Lincoln Financial has requested an increase in the <br />annual premium of $6,139.80. Considering the increase in premium, we put the life insurance out to <br />bid. Reliance Standard will keep the plan benefit as is and the same premium we are currently <br />paying. <br />BUDGET IMPACT <br />ATTACHMENT(S) <br />PUBLIC HEARING <br />PRIOR BOARD ACTION <br />N/A <br />1) Group Life Renewal <br />2) Preliminary Application <br />N/o <br />N/A <br />RECOMMENDATION Approve change of group life insurance carrier to Reliance Standard <br />Life Insurance Company and authorize the Chair to sign the Preliminary Application and Contract with <br />Reliance Standard Life Insurance Company as presented. <br />