Average Age and Volume_3 years.pdf
PDF 131 KB Posted
- Attached to
- Group Life Insurance
- Solicitation number
- 2031JW21Q00092
About this file
This document provides details regarding a request for quote from the Department of the Treasury Office of the Comptroller of the Currency for group life insurance services. The solicitation seeks an experienced contractor to underwrite and administer its group life insurance program for current and retired employees of the OCC and Office of Financial Research, covering approximately 2,580 employees and 2,510 retirees. The contractor will be required to amend an existing policy to provide specified benefits and include additional provisions such as supplemental optional employee coverage of $25,000 to $500,000 or 5 times salary. The current contractor administering the program is Metropolitan Life under a 5-year contract ending June 30, 2021. The document provides average age, volume and value details for OCC and former OTS retirees from 2019 to 2021 to aid in responding to the solicitation.
View the file
Other files
Show all 19
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
Text version
Request for Quote: 2031JW21Q00092 Amendment 1
Average Age and Volume 3 Years
RFQ
The average insured age for OCC retirees is as follows:
2019: 69
2020: 69
2021: 69
The average volume for OCC retirees is as follows:
2019: 1,790
2020: 1,852
2021: 1,903
The average value of an OCC retiree life insurance is as follows
2019: $66,904
2020: $64,703
2021: $64,370
The average insured age for former OTS retirees is as follows:
2019: 72
2020: 73
2021: 73
The average volume for former OTS retirees is as follows:
2019: 706
2020: 697
2021: 679
The average value of an OTS retiree life insurance is as follows
2019: $124,657
2020: $121,375
2021: $120,334
The average insured age was gathered by taking the age of each person for each month for a given year.
The average volume is based on the count of retirees regardless of months eligible.
The average value of life insurance is based on total volume of coverage divided by the number of retirees in each category (OCC or OTS).
File details come from the government source that posted it. Updated .