Group Term Life Insurance Underwriting and Administration

The University of Arkansas System is seeking a contractor to provide underwritten group term life insurance coverage for its employees, encompassing full administrative services including policy issuance, premium collection, claims processing, and ongoing account management. The contract requires multi-year rate guarantees to ensure stability and predictability in pricing over the term of the agreement, offering consistent coverage and cost protection for the employer and its workforce. All services must be delivered with a high standard of accuracy and efficiency, ensuring timely and compliant handling of employee benefits. This subcontract falls under NAICS code 524114, which classifies it within the insurance agencies and brokers sector, and is posted on the University of Arkansas System’s procurement portal. The solicitation has a publication date of May 11, 2026, with the same date serving as the response deadline, indicating an immediate or same-day evaluation process. Performance is expected to support UAS campuses statewide, though no specific location is designated. The contract does not specify a set-aside designation, and the procurement is open to qualified insurers or administrators capable of meeting the operational and financial requirements for managing a large-scale, multi-year group life insurance program.