UNSPSC 64122004: Term life insurance policy

A type of life insurance policy that pays a benefit in the event of the death of the insured during a specified term

UNSPSC 64122004 Term life insurance policy is a Commodity code that state and local governments use to classify solicitations for employee life and disability insurance benefits administration and coverage. State and local buyers under this code are procuring brokers of record, insurance carriers, and third-party administrators to manage fully insured and self-insured group term life, voluntary supplemental life, accidental death and dismemberment (AD&D), short-term disability (STD), long-term disability (LTD), and ancillary worksite products such as critical illness, accident, and hospital indemnity coverage for their workforces. The mix of issuing bodies includes cities, counties, special districts, school systems, state agencies, and public authorities. Cities represent the largest share of recent activity—Lewisville, Orlando, Pflugerville, Holly Hill, DeBary, Waxahachie, and Madison all posted solicitations in 2026. Counties including Okaloosa (Florida), Volusia (Florida), Catoosa (Georgia), Brevard (Florida), and Greenville (South Carolina) are frequent buyers. State-level procurement appears in Illinois (a $561 million life insurance renewal through Central Management Services) and Texas A&M System (42,285 employees and retirees). School districts and transit authorities round out the issuing body mix, with Amity Regional School District No. 5 (Connecticut) soliciting student accident insurance and Central Health (Travis County Healthcare District, Texas) issuing a hospital indemnity procurement.

Recent activity concentrates in the Southeast and South, particularly Florida (five recent opportunities across DeBary, Holly Hill, Brevard County, Okaloosa County, and Orlando), Texas (Pflugerville, Waxahachie, Lewisville, and Central Health), and Georgia (Catoosa County). Secondary activity appears in South Carolina (Greenville County RFP for broker of record, posted July 2026), Connecticut (Amity Regional School District, April 2026), and Wisconsin (City of Madison, July 2026). Illinois and the A&M System represent state-level procurement nodes. Representative recent opportunities include the City of Lewisville, Texas RFP 26-71-P (posted April 25, 2026; due May 26, 2026) seeking third-party administrator services, pharmacy benefit management, medical and pharmacy stop loss, and life and disability administration for 910 active employees; Catoosa County, Georgia RFQ 2026-21 (posted September 23, 2026; due October 22, 2026) requesting broker qualifications for benefit planning and negotiation for 430 employees with finalist interviews scheduled for November 9, 2026; and Brevard County, Florida RFP 1-26-12 (posted August 31, 2026; due July 28, 2026—a compressed 24-hour window) consolidating fully insured group term life, AD&D, STD, LTD, and new voluntary supplemental health products effective January 1, 2027, with current annual premiums on mandatory lines totaling $2,114,474.84.