ITEM NUMBER: 7.D.
School Board Regular Meeting
- Meeting Date:
- 10/02/2023
- Prepared By:
- Amanda Heilman
Item Type:
Subject:
Approval of 2024-28 Employee Life and AD&D Insurance Renewal
Background:
Mankato Area Public School’s employee life insurance was sent out for bids through a formal Request for Proposal process. Madison National Life quoted a matching plan with a four year rate guarantee of 9.5 cents per thousand per month. Supplemental term life coverage remains at 20 cents per thousand per month.
Recommended Action:
The administration recommends approval of the Madison National Life employee life and AD&D insurance bid, as described.