Life insurance plans: Method of benefit payment Data Table

Table 19. Life insurance plans: Method of benefit payment, private industry workers, 
National Compensation Survey, March 2010

(All workers with basic life insurance coverage = 100 percent)

Characteristics

Basic life insurance method of payment

Fixed
multiple of
annual
earnings

Variable
multiple of
annual
earnings

Flat dollar
amount

Variable
dollar
amount

Other

All workers

58

2

36

2

1

Worker characteristics

 

 

 

 

 

Management, professional, and related

70

4

24

1

1

    Management, business, and financial

72

4

21

1

1

    Professional and related

69

4

25

1

1

Service

48

1

48

3

[1]

    Protective service

34

64

Sales and office

65

2

31

1

1

    Sales and related

62

2

34

1

1

    Office and administrative support

67

2

29

2

1

Natural resources, construction, and maintenance

36

1

59

4

1

    Construction, extraction, farming, fishing, and
     forestry

15

78

5

    Installation, maintenance, and repair

50

1

46

3

1

Production, transportation, and material moving

44

1

49

5

1

    Production

42

1

50

6

1

    Transportation and material moving

46

48

4

Full time

58

2

36

2

1

Part time

53

1

43

2

1

Union

39

1

51

8

1

Nonunion

61

2

34

2

1

Average wage within the following categories:2

 

 

 

 

 

    Lowest 25 percent

46

49

4

        Lowest 10 percent

39

55

5

    Second 25 percent

55

2

41

2

1

    Third 25 percent

55

2

40

2

1

    Highest 25 percent

67

4

26

3

1

        Highest 10 percent

70

5

22

1

1

Establishment characteristics

 

 

 

 

 

Goods-producing industries

42

2

50

5

1

    Construction

13

84

2

    Manufacturing

48

2

43

5

1

Service-providing industries

62

2

33

2

1

    Trade, transportation, and utilities

55

2

40

2

1

        Wholesale trade

51

41

4

        Retail trade

54

2

42

2

1

        Transportation and warehousing

55

38

3

        Utilities

78

2

18

    Information

82

4

12

    Financial activities

81

3

14

1

1

        Finance and insurance

85

3

10

1

1

            Credit intermediation and related activities

87

4

7

            Insurance carriers and related activities

82

2

14

1

1

        Real estate and rental and leasing

59

36

    Professional and business services

63

2

33

        Professional and technical services

66

31

        Administrative and waste services

50

46

    Education and health services

62

3

33

2

1

        Educational services

61

5

31

2

2

            Junior colleges, colleges, and universities

68

23

2

        Health care and social assistance

62

2

33

2

1

    Leisure and hospitality

48

46

6

        Accommodation and food services

48

45

7

    Other services

45

53

1 to 99 workers

44

2

51

2

1

    1 to 49 workers

43

2

52

2

1

    50 to 99 workers

47

1

49

3

1

100 workers or more

67

3

27

3

1

    100 to 499 workers

62

2

34

2

1

    500 workers or more

71

4

20

3

1

Geographic areas

 

 

 

 

 

New England

66

4

27

Middle Atlantic

62

2

33

2

1

East North Central

52

2

42

4

[1]

West North Central

54

3

42

2

[1]

South Atlantic

61

2

35

2

1

East South Central

57

34

6

West South Central

62

2

32

2

2

Mountain

53

2

44

Pacific

58

3

36

2

1

Footnotes:

1Less than 0.5 percent.

2The categories are based on the average wage for each occupation surveyed, which may include workers with earnings both
above and below the threshold. The average wages are based on the estimates published in the "National Compensation Survey:
Occupational Earnings in the United States, 2009." 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/glossary20092010.htm.