Summary

This file is a Voluntary Term Life Census report for the State of Tennessee, Department of Finance and Administration, Division of Benefits Administration, under RFP 31786-00193. The document contains detailed enrollment data for voluntary term life insurance as of June 2026, listing individual policy holders across the state government workforce. The census includes demographic information (gender, age, year of birth), coverage amounts for supplemental life insurance and child life riders, and salary information for 1,000+ active employees enrolled in the voluntary term life plan. The data reflects the current insured population under Policy 34175 with Securian Financial (Minnesota Life Insurance Company), organized by policy unit, sponsor, contract ID, contract effective date, and employment status. The contract term runs from January 1, 2028 through December 31, 2032, with a claims run-out period extending through June 30, 2034, and proposals are due November 13, 2026 at 2:00 p.m. Central Time.

As of June 2026, voluntary term life enrollment includes 12,132 employee lives covering approximately $2.03 billion, 5,094 spouse lives covering approximately $110.1 million, and 8,143 child rider lives covering approximately $74.4 million. The census data demonstrates supplemental life coverage ranging from $5,000 to $500,000 per employee, with child life riders typically at $5,000 or $10,000. Respondents must be current Tennessee Certificate of Authority holders with at least six years of experience providing life and AD&D insurance to five or more employer accounts, with at least one account serving a minimum of 10,000 members. The evaluation criteria allocate 100 total points: general qualifications and experience (10 points), technical qualifications and approach (40 points), and cost proposal (50 points). Premium rates will be evaluated on a guaranteed monthly basis for each coverage type and contract year, with ported coverage premiums constrained to not exceed active employee rates by more than 20 percent for any age bracket, and voluntary term life active employee rates must comply with IRS Section 79 straddle rule requirements. A pre-response conference is scheduled for August 31, 2026, with the Notice of Intent to Award expected January 28, 2027. All current state employees will be automatically transitioned to the new contractor on the effective date with guaranteed issue and credit toward limitations based on prior enrollment length.