INSURANCEAPPROVED

Town of Montgomery Awards Insurance Contract to Principal Financial Services Inc (December 2025)

The City of Montgomery Council approved a resolution enabling the City Manager to contract with Principal Financial Services, Inc. to provide dental insurance for full-time employees for the 2026 plan year, with an estimated annual premium of $86,568.96 and an 11.52% rate increase. The City is switching from Anthem’s dental coverage to Principal’s PPO Plan 2 based on more favorable renewal terms.

Document date · December 3, 2025

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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
Combined estimated annual premium $86,568.96; 11.52% increase over current
Contract type
INSURANCE
Contract term
January 1, 2026 – December 31, 2026
Renewal date
2026-12-31
Renewal
Twelve‑month fully insured dental PPO contract with a one‑year rate guarantee beginning January 1, 2026; future renewals and rate adjustments will be determined prior to the 2027 plan year.
Document type
AgendaPacket
Source document
City of Montgomery AgendaPacket City Council Business Session 2025-12-03

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the insurance contract by Town of Montgomery?

Principal Financial Services Inc was awarded this insurance contract by Town of Montgomery, as recorded on December 3, 2025. The contract value is Combined estimated annual premium $86,568.96; 11.52% increase over current.

How much is the Principal Financial Services Inc contract with Town of Montgomery worth?

The Principal Financial Services Inc contract with Town of Montgomery is valued at Combined estimated annual premium $86,568.96; 11.52% increase over current, covering insurance work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Montgomery AgendaPacket City Council Business Session 2025-12-03 (AgendaPacket), dated December 3, 2025 from Town of Montgomery. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Principal Financial Services Inc hold?

Principal Financial Services Inc 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 Principal Financial Services Inc's profile

What is Town of Montgomery currently buying?

Explore Town of Montgomery's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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