Board accepts USAble no‑broker life insurance bid to lower premiums

The Sumner County Self‑Insurance Board voted May 12 to accept USAbles two‑year, no‑broker proposal for the countys basic life and accidental death & dismemberment (AD&D) coverage, a move the consultant said would reduce the annual premium roughly 16–17% compared with the current arrangement that included a broker.

The consultant reported four RFP responses; one was excluded for not following procedures. USAble (the incumbent) offered an option to continue without a broker, producing a lower net premium than proposals from Hartford and Securion/Oaks, which included higher costs in part because of embedded EAP/disability services. The consultant recommended staying with USAble on a two‑year rate and issuing a letter to remove the broker of record to realize the lower premium.

Board members asked about service and claims handling if the county proceeds without a broker; staff (Amy) said daily administration is handled in‑house and reported no operational issues in recent experience. The consultant noted that a two‑year rate guarantee could be less attractive for long‑term budgeting than a three‑year guarantee but that USAbles two‑year net price still made it the recommended choice.

A motion to accept USAbles no‑broker proposal was moved, seconded and approved by voice vote; the meeting adjourned shortly afterward.