The Sunshine State has chosen a benefits vendor.
The government of the state of Florida will be buying $14 billion in group life coverage for 160,000 employees and retirees from Minnesota Life Insurance Company, a unit of Minnesota Mutual Insurance Companies, St. Paul, Minn., the company says.
Minnesota Life is opening an office in Tallahassee to provide local service for the account.
Paul Romuald will manage the new Tallahassee office, according to Minnesota Life.
Florida employees will get access to will preparation services and beneficiary financial counseling services as well as to life insurance, Minnesota Life says.