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Home My WebLink AboutCORRESPONDENCE - RFP - P682 (2)Administrative Services Purchasing Division City of Fort Collins July 29, 2002 Mr. Randy Savona Denver Group Manager SunLife of Canada 1401 17th Street, Suite 350 Denver, Colorado 80202 Re: City of Fort Collins - January 1, 2003 Renewal Dear Mr. Savona: As you are aware, the City of Fort Collins' (the City) life and long-term disability plans renew effective January 1, 2003. Please provide us with the renewal for all life and LTD premium rates, effective January 1, 2003. In addition to receiving the new premium rates, we would like to see the calculations that are used to develop the new rates. We need to receive this renewal as soon as possible. Please also send copies of the renewal to Vincent Pascale at the City, and Phil Goldstein of Mercer Human Resource Consulting at the following address: 370 17th Street, Suite 4000 Denver, Colorado 80202 If you have any questions, please call me at (970) 221-6779. Si e ly, M''`�G�ry J m B. O eil1 II, CPPO, FNIGP 6 Director of Purchasing and Risk Management Copy: Mr. Vincent Pascale, Mr. Phil Goldstein 215 North Mason Street • 2nd Floor • P.O. Box 580 • Fort Collins, CO 80522-0580 • (970) 221-6775 • FAX (970) 221-6707 a Sun Life Financial sm September 4, 2002 James B. O'Neill II Director of Purchasing and Risk Management City of Fort Collins 215 N. Mason St. PO Box 580 Fort Collins, CO 80522-0580 RE: Life and Long Term Disability Renewal Dear James: SEp 0 6 Z002 Enclosed you will find the 1/l/03 Life and Long Term Disability renewal for the City of Fort Collins. I am currently working with Phil Goldstein of William Mercer to address some of his questions. Please let me know if you have any questions or would like to discuss. Best Regards, Todd A. Junker Group Representative Renewal Proposal For City of Fort Collins Group Number — 98544 Effective 01/01/2003 Benefit Basic Employee Life Eligible Employees 1,449 Volume $65,731,928 Rate Basis per $1,000 volume Current Rate $0.170 Current Annual Premium $134,093 Renewal Rate $0.200 Estimated Renewal Premium $157,757 Guarantee 24 months Basic AD&D 1,797 $95,398,287 per $1,000 volume $0.040 $45,791 $0.040 $45,791 24 months Comments: • Basic Dependent Life will increase 10%. Current rates for billing group 001 and 002 are $0.55 and $1.00, renewal offering is $0.55 and $1.10 respectively. • Optional Life rates remain the same. • Assist America: offering on the following page. Authorized signature required. • This renewal includes the addition of global travel assistance provided by Assist America for all non - retired employees and their dependents. Assist America's medical and personal emergency assistance is available to employees traveling 100 or more miles away from home. Should an employee or a family member become ill, have an accident or need other assistance covered under the program, with one For Sun Life Assurance Company of Canada to process this renewal in a timely manner, please sign this form and return it to me by December 17, 2002. If renewal alternatives are elected, or if there are any changes to the underlying plan's benefit structure, please have the policyholder sign and return this form. Otherwise, your signature as broker is the only signature required. Authorized Signature Name (Printed) Underwriter: Brian Lynch SLPC7157 7/01 Date Title Sun Life Assurance Company of Canada is a member of the Sun Life Financial group of companies. www.sunlife-usa.com Benefit Eligible Employees Volume Rate Basis Current Rate Current Annual Premium Renewal Rate Estimated Renewal Premium Guarantee Renewal Proposal For City of Fort Collins Group Number — 98544 Effective 01/01/2003 Long Term Disability 1,079 $4,327,761 % eligible payroll 0.640% $332,372 0.790 % $410,272 24 months Comments: • Your Long Term Disability rate is increasing 23% due to the incurred loss ratio of 128%, compared to target loss ratio of 80%. Please see the enclosed experience exhibit. • Change the Benefit percentage to 60% at a revised rate of .640%. For Sun Life Assurance Company of Canada to process this renewal in a timely manner, please sign this form and return it to me by December 17, 2002. If renewal alternatives are elected, or if there are any changes to the underlying plan's benefit structure, please have the policyholder sign and return this form. Otherwise, your signature as broker is the only signature required. Authorized Signature Name (Printed) Underwriter: Brian Lynch SLPC7157 7/01 Date Title Sun Life Assurance Company of Canada is a member of the Sun Life Financial group of companies. www.sunlife-usa.com A'14. r Sun Life Financials" July 29, 2002 Jerry Rueschhoff William M. Mercer Incorporated 370 17th Street Suite 4000 Denver, CO 80202 Re: Group Policy: Group Office: Dear Mr. Rueschhoff: Sun Life Assurance Company of Canada 1401 17th Street Suite 350 Denver, CO 80202 Tel: 303-293-8955 Fax: 303-293-0142 City of Fort Collins - 98544 Denver Thank you for working with us to serve this important customer. We are pleased to present the enclosed renewal proposal for City of Fort Collins for the policy year ending December 31, 2002. At Sun Life Assurance Company of Canada, we are dedicated to providing quality benefits in a cost- effective manner. The enclosed rates are based on the current distribution of employees by age, gender and insurance amount. These rates also reflect our current rating practices. Please sign and date the enclosed renewal form indicating whether City of Fort Collins accepts the renewal or would like to select an alternative renewal option. You can return the renewal form to me by mail or by fax. It has been our pleasure to serve City of Fort Collins, and we look forward to continuing our relationship with you and your customer in the coming year. Our mission is to understand your customers needs and deliver the products and services to meet those needs. Please call me at 303- 293-8955 if you have any questions. Sincerely, Todd Junker Sales Representative Underwriter: Brian Lynch SLPC 7155 7/01 Sun Life Assurance Company of Canada is a member of the Sun Life Financial group of companies. www.umlife-naa.vnm