HomeMy WebLinkAboutNIS 2025_LTD_Plan_-_NIS_(1).docx Docusign Envelope ID:05525649-A25B-432B-AE00-96FCB8C6409A
NISClient Focused.Solution Driven.
National Insurance Services
February 1, 2025
Lance Dunn
Human Resources Director
City of Waterloo
715 Mulberry Street
Waterloo, IA 50703
RE: Insurance Renewal for City of Waterloo , Group#026983
Long-Term Disability, Madison National Life Insurance Company, Inc.
Carrier Policy#16, NIS Policy# 15480
Carrier Policy#0378, NIS Policy#2260
Dear Mr. Dunn:
The Long-Term Disability Insurance renews July 1, 2025. 1 am pleased to inform you that Madison National Life Insurance
Company, Inc. has determined that a rate adjustment is not needed.Your renewal rates are as follows:
Long-Term Disability
Class Title Current Rate Per Person Per Renewal Rate Per Person Per Month Impact
Month
All Classes—Policy 15480 $0.42 $0.42 Pass
Class Title Current Rate Per$100 of Renewal Rate Per$100 of Covered Payroll Impact
Covered Payroll
All Classes—Policy 2260 $0.36 $0.36 Pass
The rates for Policy 15480 are guaranteed for 2 Years until July 1,2027, assuming no changes to the current benefit
structure.
The rates for Policy 2260 are guaranteed for 1 Year until July 1, 2026, assuming no changes to the current benefit
structure.
We believe our level of commitment to you is most evident in our ongoing efforts to secure both competitive pricing and
extended rate guarantees.We truly appreciate your business and the opportunity to continue negotiating on your behalf.
In return for your commitment to National Insurance Services(NIS), NIS agrees to provide the following:
• Annual Best Practices Service Visit or Call
• Dedicated Account Representative
• Dedicated Client Relations Representative
• Dedicated Billing Representative
• Free Gap Analysis(when requested)
• Compliance with State Bid Laws
• Monitoring Market Conditions
By signing the below,you are acknowledging your reciprocal 2 Year commitment to NIS. In pricing the renewal,the claims
risk and administrative expenses are spread over the rate guarantee. In exchange for our rate guarantee,you must
Corporate Headquarters: 300 North Corporate Drive,Suite 300,Brookfield,WI 53045-5804 1 Offices Nationwide:800.627.3660 l www.NISBenefits.com
Docusign Envelope ID:05525649-A25B-432B-AE00-96FCB8C6409A
NISClient Focused.Solution Driven.
National Insurance Services
remain directly contracted with NIS for the duration of the rate guarantee. In the event you cancel prior to the end of the
rate guarantee a risk charge in the amount of 1% of annual premium will be assessed for each month remaining on the
rate guarantee.
Please complete the bottom portion and return a copy to National Insurance Services as indication of your acceptance of
the renewal.Thank you for your continued business. Please do not hesitate to call me if you have any questions.
Sincerely,
Megan Ware
Central Region Territory Manager
The July 1,2025 renewal of Group Long-Term Disability Insurance as outlined above is accepted.
EDocuSigned by:
6kinfiV' Rof 5/5/2025
UU
Signature Itle Mayor Date
Renewal eForm# 18893
Insurance Renewal for City of Waterloo , Group#026983
Long-Term Disability, Madison National Life Insurance Company, Inc.
Carrier Policy# 16, NIS Policy# 15480
Corporate Headquarters: 300 North Corporate Drive,Suite 300,Brookfield,WI 53045-5804 1 Offices Nationwide:800.627.3660 l www.NISBenefits.com