UNSPSC 64122007: Modified guaranteed annuity policy

A deferred annuity for which the underlying assets are held in a separate account, but the contract values are guaranteed if held for a specific time

UNSPSC 64122007 Modified guaranteed annuity policy, a Commodity code, does not align with recent state and local procurement activity captured in the source material. The thirty-three posted opportunities across the code's opportunities block show no procurement for modified guaranteed annuity policies or annuity products of any kind. Instead, the recent solicitations document heavy state and local demand for insurance brokerage services, third-party administration (TPA) for health plans and workers' compensation, fully insured and self-funded medical, dental, vision, and life/disability benefits, stop loss insurance, pharmacy benefit management, claims administration, risk management consulting, and specialized coverage such as cyber liability and flood insurance. Cities, counties, school districts, transit authorities, and special purpose entities are the primary issuing bodies, with activity concentrated in Florida (Doral, DeBary, Sarasota, Brevard County, Polk County, Escambia County, Marion County, New Smyrna Beach, Green Cove Springs), Texas (Edinburg, Pflugerville, San Angelo, Austin ISD, Northside ISD, Fort Worth, Fort Bend ISD, Schertz-Cibolo-Universal City ISD), and Oregon (Beaverton School District), plus municipal and county procurement across Pennsylvania, Georgia, Arizona, Colorado, and other states.

The source shows no recent state and local contracting under this UNSPSC code and suggests that 64122007 may not be in active use by state and local procurement offices or may be misapplied in their systems. Business development professionals should verify the correct UNSPSC classification for annuity products or confirm current demand for modified guaranteed annuity policies within the state and local procurement market before pursuing opportunities under this code.