INSURANCERECOMMENDED

New York Life Group Life Renewal Proposed For FY27

Indian Harbour Beach staff recommends renewing its group life and AD&D insurance with New York Life for FY27 at an annual premium of about $31,894, with no rate increase. The City would continue to fully fund coverage for full-time employees and City Council members under a rate guarantee through 2028.

Status
RECOMMENDED
Document date
August 23, 2026
Contract type
INSURANCE
Vendor
New York Life
Agency
City of Indian Harbour Beach · FL

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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
$31,894.07 (estimated FY27 annual premium)
Contract type
INSURANCE
Contract term
October 1, 2026 – September 30, 2027 (life and AD&D rate guarantee until 2028)
Renewal date
2027-09-30
Renewal
Renewal of existing New York Life Group Benefit Solutions policy for October 1, 2026–September 30, 2027, with life and AD&D rates guaranteed through September 30, 2028. The City pays 100% of employee and Council coverage; retiree and dependent coverage remain available per current terms.
Document type
Agenda
Source document
City of Indian Harbour Beach City Council Agenda 2026-08-25

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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 Indian Harbour Beach?

New York Life was awarded this insurance contract by City of Indian Harbour Beach, as recorded on August 23, 2026. The contract value is $31,894.07 (estimated FY27 annual premium).

How much is the New York Life contract with City of Indian Harbour Beach worth?

The New York Life contract with City of Indian Harbour Beach is valued at $31,894.07 (estimated FY27 annual premium), covering insurance work.

What type of contract is this?

This is a Insurance contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Indian Harbour Beach City Council Agenda 2026-08-25 (Agenda), dated August 23, 2026 from City of Indian Harbour Beach. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does New York Life hold?

New York Life may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Indian Harbour Beach currently buying?

Explore City of Indian Harbour Beach's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Indian Harbour Beach's profile

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