UNSPSC 64122003: Group life insurance policy

A type of life insurance policy offered by an employer or other organizational entity to its workers or members.

UNSPSC 64122003 Group life insurance policy is a Commodity code that encompasses fully insured group term life and accidental death and dismemberment (AD&D) coverage, supplemental life products, and associated claims administration that state and local governments procure as part of comprehensive employee benefit programs. Rather than standalone life insurance purchases, the code tracks state and local activity in bundled benefit procurements where group life sits alongside medical, dental, vision, disability, and ancillary products—often administered through a single broker, carrier, or third-party administrator. Recent opportunities show municipalities, counties, state agencies, and special-purpose districts soliciting group life either as a standalone line in competitive procurements or as one component within multi-line employee benefits RFPs and RFQs, with initial contract terms typically running one to five years and renewal options extending coverage through optional successive one-year periods.

The issuing bodies span small municipalities (City of DeBary, Florida with 38 employees; Housing Authority of Alameda with 57 employees) through large state systems (Texas A&M University System with 42,285 employees in basic life and 18,066 in AD&D; State of Illinois with $261 million in basic life renewal value and $300 million in optional life). County governments and transit authorities also appear as repeat buyers—Brevard County, Greenville County, Okaloosa County, Catoosa County (Georgia), and Johnson County (Texas) all solicited life and disability coverage alongside dental and vision within the past five months. Geographic activity concentrates in Florida (City of DeBary, City of Holly Hill, Brevard County, Okaloosa County, Central Health/Travis County in Texas), Texas (Waxahachie, Pflugerville, Lewisville, Johnson County, Texas A&M System), and the Southeast (Greenville County South Carolina, Catoosa County Georgia, City of Madison Wisconsin), with outlier recent activity in Connecticut (Amity Regional School District student accident insurance, which covers life-contingent medical benefits rather than employee group life) and Illinois (state-level renewal). Representative recent procurements include the City of Holly Hill, Florida RFP 26-HR-01 for broker services covering medical, dental, vision, firefighter cancer, and life insurance for 109 active employees and 53 retirees, due April 8, 2026 (IFB/RFP notice type); Brevard County, Florida RFP 1-26-12 for group life, disability, and supplemental health benefits effective January 1, 2027, with proposals due July 28, 2026; and the Texas A&M University System RFP SBA-26-280 for group life and AD&D claims administration covering 42,285 employees and retirees with a contract start of September 1, 2026. The State of Illinois also issued a non-competitive renewal notice for MetLife life insurance services totaling $561 million (basic life $261 million, optional life $300 million) for the five-year term July 1, 2026 through June 30, 2031, indicating that incumbent renewals at large scale remain active within this code.