Town of Ocean Ridge AgendaPacket Budget Workshop Meeting 2026-06-01
Mutual of Omaha life and AD&D coverage renewed
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Description
Ocean Ridge renewed its basic life and AD&D coverage with Mutual of Omaha effective October 1, 2025, increasing annual premiums to about $2,772 due to higher covered volumes. The renewal maintains existing benefit structures with a rate guarantee through September 30, 2026.
Contract Details
Contract Amount
$2,772 annually
Vendor
MUTUAL OF OMAHA
Agency
Town of Ocean Ridge, FL
Contract Type
INSURANCE
Document Date
May 26, 2026
Contract Term
October 1, 2025 – September 30, 2026
Renewal Date
2026-10-01
Renewal Info
Basic Life and AD&D insurance renewed with Mutual of Omaha for 10/1/2025–9/30/2026 at unchanged rates but higher volume; rate guarantee extends to 9/30/2026, indicating the next renewal on October 1, 2026.
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