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State of Tennessee·Tennessee

Life and Accidental Death and Dismemberment Insurance

Closes 11/18/2026$50M – $80MRequest for Proposal
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Description

The State of Tennessee is seeking a single insurer to provide and administer basic (employer‑paid) term‑life and AD&D coverage, as well as voluntary (employee‑paid) term‑life and AD&D coverage, for all eligible state‑government and higher‑education employees and their dependents. The contractor must manage enrollment, eligibility file processing, claims adjudication, call‑center operations, member communications, and integrate data with the State’s Edison ERP system. The contract includes a five‑year benefit period (2028‑2032) with a 1½‑year claim run‑out, extensive performance guarantees, and strict security‑privacy requirements (on‑shore data, FIPS‑140‑2/3 encryption, SOC‑2/HITRUST, breach‑notification). The State will evaluate technical qualifications (40 pts), experience (10 pts), and cost (50 pts).

Attached files

Contact

Heather Pease(Procurement & Contracts Director)

[email protected]

(615) 253-1652

Key dates

Opened
8/20/2026
Questions due
9/11/2026
Pre-bid meeting
8/31/2026
Closes
11/18/2026
Projected award
1/28/2027
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524113
Solicitation №
31786-00193

Budget estimate

$50,000,000 – $80,000,000

The RFP does not disclose a total contract value. Based on historical invoicing (≈ $0.16 per $1,000 of coverage) and an estimated 70,000 covered employees, the annual premium revenue is roughly $13–14 million, yielding an approximate five‑year contract value of $65–70 million. Adding administration fees, claim‑handling services, and performance‑based incentives could raise total earnings to $75–80 million. Therefore a realistic budget range is $50 million to $80 million over the contract life.

AI estimate from the solicitation

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