INSURANCEAMENDED

Austin Amends Disability Insurance Contract, Adds $2.7M

The City of Austin approved an amendment to its long-term disability insurance contract with Life Insurance Company of North America, adding $2,700,000 for a revised total of $16,068,000. This action ensures continued insurance coverage for city employees at guaranteed rates through the end of the contract term.

Status
AMENDED
Document date
May 28, 2026
Contract type
INSURANCE
Vendor
Life Insurance Company of North America
Agency
City of Austin city · TX

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Increase by $2,700,000 for a revised total not to exceed $16,068,000
Contract type
INSURANCE
Contract term
Total 6 years (Initial 2 years, Amendment 3 years, Optional Extension 1 year)
Renewal date
2027-06-10
Renewal
Original 2-year term with 3-year amendment and optional 1-year extension. The contract was previously extended in 2023. Amendment adds $2.7M for additional coverage needed due to higher participation.
Document type
StaffReport
Source document
City of Austin StaffReport Recommendation for Action 2026-05-28

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the insurance contract by City of Austin city?

Life Insurance Company of North America was awarded this insurance contract by City of Austin city, as recorded on May 28, 2026. The contract value is Increase by $2,700,000 for a revised total not to exceed $16,068,000.

How much is the Life Insurance Company of North America contract with City of Austin city worth?

The Life Insurance Company of North America contract with City of Austin city is valued at Increase by $2,700,000 for a revised total not to exceed $16,068,000, covering insurance work.

What type of contract is this?

This is a Insurance contract, documented as a staffreport record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Austin StaffReport Recommendation for Action 2026-05-28 (StaffReport), dated May 28, 2026 from City of Austin city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Life Insurance Company of North America hold?

Life Insurance Company of North America may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Life Insurance Company of North America's profile

What is City of Austin city currently buying?

Explore City of Austin city's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Austin city's profile

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