Life insurance plans: Fixed multiple of earnings benefit formulas Data Table

Table 19. Life insurance plans: Fixed multiple of earnings benefit formulas, civilian workers,1 National
Compensation Survey, March 2009

(All workers with fixed multiple of earnings formula life insurance coverage = 100 percent)

Characteristics

Multiple of earnings amounts2

Mean
multiple of
earnings

Median
multiple of
earnings

Less than
1.0 times
earnings

1.0 times
earnings

Over 1.0
and under
2.0 times
earnings

2.0 times
earnings

Greater
than 2.0
times
earnings

All workers

1

58

14

24

4

1.4

1.0

Worker characteristics

             

Management, professional, and related

1

53

14

27

5

1.4

1.0

    Management, business, and financial

1

51

14

29

6

1.4

1.0

    Professional and related

1

54

14

26

4

1.4

1.0

        Teachers

[3]

46

23

28

4

1.5

1.5

            Primary, secondary, and special education
             school teachers

47

25

27

2

1.4

1.5

        Registered nurses

70

12

14

1.2

1.0

Service

1

60

18

18

3

1.3

1.0

    Protective service

53

17

21

9

1.5

1.0

Sales and office

1

63

11

22

4

1.3

1.0

    Sales and related

1

72

8

17

3

1.2

1.0

    Office and administrative support

1

60

12

24

4

1.4

1.0

Natural resources, construction, and maintenance

1

62

11

24

2

1.3

1.0

    Construction, extraction, farming, fishing, and
     forestry

54

11

33

1.4

1.0

    Installation, maintenance, and repair

2

65

11

21

2

1.3

1.0

Production, transportation, and material moving

1

57

16

24

2

1.3

1.0

    Production

52

16

30

2

1.4

1.0

    Transportation and material moving

1

63

17

18

2

1.3

1.0

Full time

1

58

14

24

4

1.4

1.0

Part time

1

67

11

17

4

1.3

1.0

Union

1

60

17

17

4

1.3

1.0

Nonunion

1

58

13

25

4

1.4

1.0

Wage percentiles:4

             

    Lowest 10 percent

59

22

1.3

1.0

    Lowest 25 percent

68

14

16

2

1.3

1.0

    Second 25 percent

1

62

14

21

2

1.3

1.0

    Third 25 percent

1

56

15

24

4

1.4

1.0

    Highest 25 percent

1

54

12

28

5

1.4

1.0

    Highest 10 percent

1

48

13

31

6

1.5

Establishment characteristics

             

Goods-producing industries

1

49

14

30

6

1.5

Service-providing industries

1

59

14

23

3

1.4

1.0

    Education and health services

2

60

16

20

3

1.3

1.0

        Educational services

1

45

21

29

4

1.5

1.5

            Elementary and secondary schools

43

25

31

2

1.5

1.5

            Junior colleges, colleges, and universities

46

15

28

1.5

        Health care and social assistance

2

68

13

15

1.2

1.0

            Hospitals

73

10

12

1.2

1.0

    Public administration

53

24

17

6

1.4

1.0

1 to 99 workers

1

58

13

24

4

1.4

1.0

    1 to 49 workers

1

57

13

25

5

1.4

1.0

    50 to 99 workers

1

60

14

23

3

1.3

1.0

100 workers or more

1

58

14

24

3

1.4

1.0

    100 to 499 workers

60

14

22

3

1.3

1.0

    500 workers or more

1

56

14

25

4

1.4

1.0

Geographic areas

             

New England

3

66

7

20

3

1.3

1.0

Middle Atlantic

3

55

19

19

4

1.4

1.0

East North Central

56

14

25

4

1.4

1.0

West North Central

57

15

20

1.4

1.0

South Atlantic

[3]

60

13

25

2

1.4

1.0

East South Central

52

17

1.4

West South Central

58

12

28

2

1.4

1.0

Mountain

65

13

19

2

1.3

1.0

Pacific

1

58

10

26

5

1.4

1.0

Footnotes:

1Includes workers in the private nonfarm economy except those in private households, and workers in the public sector, except the federal government. See
Technical Note for further explanation.

2Includes participants in plans in which insurance equaled a multiple of earnings plus or minus a specified amount. Includes multiple of earnings not shown
separately.

3Less than 0.5 percent.

4The percentile groupings are based on the average wage for each occupation surveyed, which may include workers both above and below the threshold. The
percentile values are based on the estimates published in the "National Compensation Survey: Occupational Earnings in the United States, 2008." See Technical
Note for more details.

NOTE: Because of rounding, sums of individual items may not equal totals. Dash indicates no workers in this category or data did not meet publication criteria. For
definitions of major plans, key provisions, and related terms, see the "Glossary of Employee Benefit Terms" at www.bls.gov/ncs/ebs/glossary20082009.htm.