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City of Long Beach Awards $662,162 Financial Services Contract to National Life Insurance Company (February 2024)

City of Long Beach logoCity of Long Beach
Disclosed value
$662,162.26
From minutes
Approved
Feb 20, 2024
Term
Five (5) year fixed rate annuity

The 30-second brief

What it covers

The Long Beach City Council approved the City Comptroller's purchase of a five-year fixed rate annuity from National Life Insurance Company for $662,162.26. The new annuity investment, following withdrawal from an AIG product, was unanimously adopted as amended.

Who holds it

National Life Insurance Company holds this financial services contract with City of Long Beach. Its other public contracts on record include work for Town of Newtown and Cardinal Local Schools.

What happens next

Term as filed: Five (5) year fixed rate annuity.

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Contract details

Contract type
Financial Services
Amount
$662,162.26
Document date
February 20, 2024
Term
Five (5) year fixed rate annuity
Vendor
National Life Insurance Company
Agency
City of Long Beach
Source document
city_of_long_beach_city_council_meeting_minutes_fe.pdf (Minutes)

National Life Insurance Company's other public contracts

Town of Newtown, ConnecticutLOSAP Assets Moved to National Life Insurance Contract · Apr 16, 2026UndisclosedCardinal Local Schools, OhioBoard Approves 403(b) Annuity with National Life Insurance · Feb 11, 2026UndisclosedDonner Summit Public Utilities District, CaliforniaLife Insurance Payment Approved for NATIONAL LIFE · Sep 16, 2025$94.8Donner Summit Public Utilities District, CaliforniaInsurance Payment to NATIONAL LIFE INSURANCE CO. Approved · Jul 9, 2025$32.6Donner Summit Public Utilities District, CaliforniaDistrict Pays NATIONAL LIFE INSURANCE CO. Premium · Jul 9, 2025$94.8All National Life Insurance Company contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Long Beach?

National Life Insurance Company was awarded this financial services contract by City of Long Beach, as recorded on February 20, 2024. The contract value is $662,162.26.

How much is the National Life Insurance Company contract with City of Long Beach worth?

The National Life Insurance Company contract with City of Long Beach is valued at $662,162.26, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in city_of_long_beach_city_council_meeting_minutes_fe.pdf (Minutes), dated February 20, 2024 from City of Long Beach. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does National Life Insurance Company hold?

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

What is City of Long Beach currently buying?

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

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