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TO: Mayor John Laesch
FROM: Michele Clark, Chief Human Resource Officer
DATE: August 27, 2026
SUBJECT:
A Resolution Authorizing Sun Life Insurance to provide life insurance services for January 1, 2027, through December 31, 2027
PURPOSE:
To authorize and continue an agreement between Sun Life Insurance and the City of Aurora.
BACKGROUND:
Sun Life Insurance has been our benefits provider since 2019 and offers additional voluntary plans for accident and critical illness coverage. The 2027 Basic Life and Accidental Death and Dismemberment (AD&D) renewal rates are $0.06 for Basic Life & $0.02 for AD&D equaling a combined rate of $0.08 per $1,000 of coverage, which represents a decrease of more than 16% from the 2026 rates.
The City chose not to make plan changes this year in order to minimize disruption for members.
Below is a summary of historical Life Insurance rates.
Sunlife
Basic Life
Retiree Basic Life
Insurance
2020
$ 0.050
$ 0.050
Per 1000
2021
$ 0.070
$ 0.050
Per 1000
2022
$ 0.070
$ 0.050
Per 1000
2023
$ 0.096
$ 0.050
Per 1000
2024
$ 0.096
$ 0.050
Per 1000
2025
$ 0.096
$ 0.076
Per 1000
2026
$ 0.096
$ 0.076
Per 1000
2027
$ 0.080
$ 0.060
Per 1000
DISCUSSION:
There will be a decrease to the Basic Life and Accidental Death & Dismemberment (AD&D) rates. The rates are guaranteed through 2027. The City proposes to stay with Sun Life for 2027 and revisit the market in 2027 for 2028 bids.
IMPACT STATEMENT:
NA.
RECOMMENDATIONS:
Place on finance committee agenda for approval to City Council.
cc: Finance Committee
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CITY OF AURORA, ILLINOIS
RESOLUTION NO. _________
DATE OF PASSAGE ________________
title
A Resolution authorizing Sun Life Insurance to provide life insuran...
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