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Life Annuity Underwriting and Insurance Carrier Services

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State & Local

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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The Life Annuity Underwriting and Insurance Carrier Services subcontract supports prime contractors working on State of Alaska Department of Administration projects by providing guaranteed lifetime income products. The selected provider is responsible for the actuarial pricing of income streams, the management of annuity reserves, and the implementation of risk pooling to ensure the financial backing of monthly payments. To qualify for this role, the provider must hold a State of Alaska Insurance License and maintain admitted carrier status within the state. Additionally, the contractor is required to demonstrate financial stability through a high credit rating from agencies such as A.M. Best or S&P. This engagement falls under NAICS code 524113 and is managed through the State of Alaska Department of Administration.

General Info

Licensed carriers provide life annuity underwriting and insurance services for Alaska state projects.

Agency

State of Alaska → Administration

NAICS

524113 - Direct Life Insurance Carriers

Place of Performance

AK, USA

Set-Aside

NONE

Documents

This scope was carved out of 02-116-26.

The full solicitation package (2 documents), including the RFP, is on the prime solicitation, not on this scope.

View the prime solicitation

Amendment ONe-RFI#02-116-20 GUARANTEED LIFETIME ANNUITY PRODUCTS

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Timeline

PostedMar 26

subcontract

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Organization & Contact Information

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AgencyState of Alaska → Administration

ContactsNo contacts available

OfficeN/A

Organization / AgencyState of Alaska → Administration

Office AddressN/A

ContactsNo contact information available

Full Description

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Provides guaranteed lifetime income products for prime contractors on State of Alaska Department of Administration projects. Performs actuarial pricing of lifetime income streams, risk pooling, and management of annuity reserves. Requires State of Alaska Insurance License, admitted carrier status in Alaska, and high credit rating (A.M. Best/S&P). Delivers the guaranteed lifetime annuity product and financial backing for monthly payments.

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