This Solicitation opportunity from Connecticut was posted on May 29, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
"For Life" Annuity Contract
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Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.
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The Connecticut Lottery Corporation is seeking competitive bids from life insurance companies for a single premium immediate life annuity with a period certain, as part of its "For Life Game" prize payout structure. This contract aims to secure an annuity that provides payments over the lifetime of the winner, with a guaranteed minimum payment amount specified in the For Life Winner’s Schedule. The procurement process is open to life insurance providers, brokers, or agents acting on behalf of insurers, who must adhere to the bid instructions outlined in the solicitation. The contract size ranges from $500,000 to $5,000,000, and the delivery is to be made free on board destination within the specified timeframe. The solicitation, identified as CLC202506, was issued on May 29, 2025, with a deadline for responses set for June 10, 2025. The contract involves a fixed-price purchase of a single annuity unit, with the primary point of contact being Stephen Day. The performance requirements emphasize timely delivery of the annuity, and the bidding process is conducted through the Connecticut Department of Administrative Services portal. This initiative supports the Connecticut Lottery’s gaming operations by ensuring reliable, competitively priced annuity products for its prize payouts, thereby maintaining the integrity and financial stability of its "For Life" games.
General Info
Place of Performance
CT, USASet-Aside
Documents
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Submission Closed
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