State Department Awards $1.19M Life Insurance Contract to MetLife for U.S. Embassy Ankara
Contract Overview
Contract Amount: $118,826 ($118.8K)
Contractor: Metlife Emeklilik VE Hayat Anonim Sirketi
Awarding Agency: Department of State
Start Date: 2026-01-09
End Date: 2027-01-09
Contract Duration: 365 days
Daily Burn Rate: $326/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: LIFE INSURANCE BASE YEAR SERVICES FOR U.S. EMBASSY ANKARA
Plain-Language Summary
Department of State obligated $118,826.2 to METLIFE EMEKLILIK VE HAYAT ANONIM SIRKETI for work described as: LIFE INSURANCE BASE YEAR SERVICES FOR U.S. EMBASSY ANKARA Key points: 1. Contract value of $1.19M for one year of life insurance services. 2. MetLife EMEKLILIK VE HAYAT ANONIM SIRKETI is the awarded contractor. 3. Full and open competition was utilized for this award. 4. The contract is for direct life insurance carrier services.
Value Assessment
Rating: fair
The contract value of $1.19M for one year of life insurance services appears reasonable given the nature of the service. Benchmarking against similar government contracts for embassy personnel life insurance would provide a more definitive assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, suggesting a robust price discovery process. This method typically leads to competitive pricing as multiple bidders vie for the contract.
Taxpayer Impact: The use of full and open competition is generally beneficial for taxpayers, as it promotes market efficiency and potentially lower costs.
Public Impact
Ensures life insurance coverage for U.S. Embassy personnel in Ankara. Supports the well-being and security of diplomatic staff. Facilitates the continuity of operations for the U.S. Embassy.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of detailed cost breakdown for the $1.19M award.
- Limited information on the number of personnel covered.
- No data on previous contract performance or pricing.
Positive Signals
- Awarded through full and open competition.
- Clear contract duration and end date.
- Firm fixed price contract type.
Sector Analysis
This contract falls under the Financial Services sector, specifically direct life insurance carriers. Government spending in this area supports essential personnel services for overseas operations. Benchmarks for similar contracts are not readily available without further specific data.
Small Business Impact
The data indicates this contract was awarded under full and open competition, but does not specify if small businesses participated or were subcontracted. Further analysis would be needed to determine small business involvement.
Oversight & Accountability
The Department of State is responsible for overseeing this contract. Standard procurement regulations and oversight mechanisms should be in place to ensure proper execution and accountability.
Related Government Programs
- Direct Life Insurance Carriers
- Department of State Contracting
- Department of State Programs
Risk Flags
- Lack of detailed cost breakdown.
- Unknown number of personnel covered.
- No historical performance data provided.
- Potential for undisclosed coverage limitations.
Tags
direct-life-insurance-carriers, department-of-state, delivery-order, 100k-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of State awarded $118,826.2 to METLIFE EMEKLILIK VE HAYAT ANONIM SIRKETI. LIFE INSURANCE BASE YEAR SERVICES FOR U.S. EMBASSY ANKARA
Who is the contractor on this award?
The obligated recipient is METLIFE EMEKLILIK VE HAYAT ANONIM SIRKETI.
Which agency awarded this contract?
Awarding agency: Department of State (Department of State).
What is the total obligated amount?
The obligated amount is $118,826.2.
What is the period of performance?
Start: 2026-01-09. End: 2027-01-09.
What is the estimated number of personnel covered by this life insurance policy, and how does this influence the per-person cost?
The provided data does not specify the number of personnel covered. This information is crucial for evaluating the value for money. A higher number of covered individuals would typically lead to a lower per-person cost due to economies of scale, making the $1.19M award potentially more or less competitive depending on the actual headcount.
Are there any specific coverage limitations or exclusions in this policy that could pose a risk to embassy personnel or the government?
The provided data does not detail the specific terms, conditions, limitations, or exclusions of the life insurance policy. Potential risks could arise from inadequate coverage for certain high-risk activities or geographical areas, or from policy clauses that limit payout in specific circumstances. A thorough review of the policy document is necessary to identify such risks.
How does the pricing of this contract compare to similar life insurance contracts awarded by other government agencies for overseas personnel?
Without access to a database of comparable government contracts for life insurance for overseas personnel, a direct price comparison is difficult. The $1.19M award for one year is a significant sum, but its effectiveness and competitiveness depend heavily on the scope of coverage, the number of individuals insured, and the specific risks associated with the Ankara embassy location.
Industry Classification
NAICS: Finance and Insurance › Insurance Carriers › Direct Life Insurance Carriers
Product/Service Code: SOCIAL SERVICES › SOCIAL SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Solicitation ID: 19GE5025R0029
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: KAVACIK TICARET MERKEZI B BLOK, NO:18, ISTANBUL (ANATOLIA)
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Foreign Owned, Not Designated a Small Business, Special Designations
Financial Breakdown
Contract Ceiling: $118,826
Exercised Options: $118,826
Current Obligation: $118,826
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: 19GE5026D0002
IDV Type: IDC
Timeline
Start Date: 2026-01-09
Current End Date: 2027-01-09
Potential End Date: 2027-01-09 00:00:00
Last Modified: 2026-04-09
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