UNSPSC 64122006: Fixed annuity policy

A type of life insurance contract in which the individual makes a lump-sum purchase payment or series of payments. In return, the insurer makes fixed dollar payments to the annuitant for the term of the contract, usually until the annuitant dies. The insurance company guarantees both earnings and principal.

UNSPSC 64122006 Fixed annuity policy is a Commodity code that sees minimal direct solicitation in recent state and local procurement activity. The recent opportunities dataset shows no contracts explicitly structured around fixed annuity products; instead, the code appears in a portfolio of insurance and benefits-related procurements dominated by health insurance brokerage, third-party administration, stop loss coverage, pharmacy benefit management, and employee benefits consulting—none of which center on fixed annuity underwriting or placement as a primary deliverable. The code's nominal scope (retirement income products with guaranteed return features) does not align with the scope of work actually being solicited under this classification.

State and local issuing bodies pursuing insurance and benefits services—including Florida municipalities (City of DeBary, City of Doral, Escambia County), Texas school districts (Fort Bend ISD, Northside ISD, Schertz-Cibolo-Universal City ISD), large counties (Volusia, Marion, Travis), and regional transit and public health authorities—are actively soliciting for medical plan administration, property and casualty brokerage, workers' compensation services, and health navigation, but none of the recent opportunities name fixed annuities as a scope element. The code shows little relevant recent activity and does not reflect a meaningful procurement category in current state and local markets.