RFP%2031786-00193%20Appendix%207.6%20Issue%20and%20Attained%20Age%20with%20Coverage%20Values%20in%20Voluntary%20Term%20Life%20(as%20of%20June%202026).xlsx

This file is an appendix to RFP 31786-00193 for the State of Tennessee's Optional Term Life Insurance program, containing summarized enrollment information for voluntary term life coverage as of July 6, 2026. The document presents detailed enrollment data organized by both issue age and attained age, broken down by payment method (Pay Direct and Payroll Deduct), insured type (Employee and Spouse), coverage volume, and participant count. The total program encompasses 19,445 participants with aggregate coverage of approximately $2.29 billion across all age groups and categories.

The enrollment data reveals significant variation in participation and coverage amounts across age demographics. The Payroll Deduct category represents the majority of enrollment with 17,275 participants and $2.14 billion in total coverage, while the Pay Direct category accounts for 2,170 participants and $147.5 million in coverage. Employee coverage substantially exceeds spouse coverage across all age groups in both payment methods. The highest concentration of Payroll Deduct participants occurs in the 45-54 attained age range, with approximately 5,870 participants and over $789 million in coverage. Peak coverage volumes in the Pay Direct category appear in the 55-69 attained age range, with employees aged 60-69 representing substantial portions of that volume.