Life insurance plans: Maximum benefit amount

Table 21. Life insurance plans: Maximum benefit amount, private industry workers,  National
Compensation Survey, March 2011

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

Characteristics

With
maximum
benefit
amount

Maximum benefit amount1

With no
maximum
benefit
amount

10th
percentile

25th
percentile

50th
percentile
(median)

75th
percentile

90th
percentile

All workers

72

$50,000

$50,000

$250,000

$600,000

$1,000,000

28

Worker characteristics

             

Management, professional, and related

74

50,000

100,000

300,000

750,000

1,000,000

26

    Management, business, and financial

76

50,000

100,000

300,000

750,000

1,500,000

24

    Professional and related

73

50,000

100,000

300,000

750,000

1,000,000

27

Service

67

50,000

50,000

200,000

500,000

1,000,000

33

    Protective service

52

48

Sales and office

76

50,000

50,000

200,000

500,000

1,000,000

24

    Sales and related

81

19

    Office and administrative support

74

50,000

50,000

250,000

700,000

1,500,000

26

Natural resources, construction, and maintenance

70

50,000

70,000

240,000

750,000

2,000,000

30

    Construction, extraction, farming, fishing, and
     forestry

66

34

    Installation, maintenance, and repair

71

50,000

70,000

300,000

1,000,000

2,000,000

29

Production, transportation, and material moving

62

50,000

70,000

200,000

500,000

1,000,000

38

    Production

64

50,000

100,000

250,000

500,000

1,000,000

36

    Transportation and material moving

61

50,000

50,000

125,000

500,000

1,000,000

39

Full time

73

50,000

50,000

250,000

600,000

1,000,000

27

Part time

53

47

Union

58

50,000

70,000

200,000

600,000

2,000,000

42

Nonunion

74

50,000

50,000

250,000

600,000

1,000,000

26

Average wage within the following categories:2

             

    Lowest 25 percent

60

50,000

50,000

250,000

500,000

1,000,000

40

        Lowest 10 percent

67

33

    Second 25 percent

74

50,000

50,000

150,000

500,000

1,000,000

26

    Third 25 percent

73

50,000

50,000

225,000

500,000

1,000,000

27

    Highest 25 percent

73

50,000

100,000

300,000

1,000,000

2,000,000

27

        Highest 10 percent

75

50,000

100,000

350,000

1,000,000

1,500,000

25

Establishment characteristics

             

Goods-producing industries

63

50,000

100,000

300,000

750,000

2,000,000

37

    Construction

73

27

    Manufacturing

62

50,000

125,000

300,000

750,000

2,000,000

38

Service-providing industries

74

50,000

50,000

245,000

600,000

1,000,000

26

    Trade, transportation, and utilities

72

50,000

50,000

70,000

400,000

750,000

28

        Wholesale trade

79

50,000

60,000

200,000

500,000

1,000,000

21

        Retail trade

75

50,000

50,000

50,000

250,000

750,000

25

        Transportation and warehousing

64

50,000

50,000

100,000

250,000

500,000

36

        Utilities

49

51

    Information

66

150,000

500,000

1,200,000

2,000,000

2,000,000

34

    Financial activities

83

50,000

100,000

350,000

1,000,000

2,000,000

17

        Finance and insurance

82

50,000

100,000

350,000

1,000,000

2,000,000

18

            Credit intermediation and related activities

86

50,000

100,000

500,000

1,000,000

2,000,000

14

            Insurance carriers and related activities

72

50,000

100,000

400,000

1,000,000

2,000,000

28

    Professional and business services

74

50,000

150,000

300,000

725,000

1,000,000

26

        Professional and technical services

83

50,000

100,000

300,000

500,000

1,000,000

17

        Administrative and waste services

62

38

    Education and health services

71

50,000

50,000

200,000

500,000

1,000,000

29

        Educational services

78

50,000

50,000

150,000

300,000

500,000

22

            Junior colleges, colleges, and universities

80

50,000

50,000

150,000

300,000

500,000

20

        Health care and social assistance

70

50,000

50,000

200,000

500,000

1,000,000

30

    Leisure and hospitality

73

27

        Accommodation and food services

69

31

    Other services

71

29

1 to 99 workers

74

50,000

50,000

210,000

500,000

1,000,000

26

    1 to 49 workers

75

50,000

50,000

250,000

500,000

1,000,000

25

    50 to 99 workers

73

27

100 workers or more

71

50,000

50,000

250,000

750,000

1,000,000

29

    100 to 499 workers

74

50,000

50,000

200,000

500,000

1,000,000

26

    500 workers or more

69

50,000

100,000

400,000

1,000,000

2,000,000

31

Geographic areas

             

New England

76

50,000

50,000

200,000

500,000

750,000

24

Middle Atlantic

72

50,000

50,000

200,000

500,000

1,000,000

28

East North Central

63

50,000

100,000

250,000

750,000

1,000,000

37

West North Central

71

29

South Atlantic

74

26

East South Central

77

23

West South Central

76

24

Mountain

71

50,000

50,000

250,000

1,000,000

1,000,000

29

Pacific

73

27

1The 10th, 25th, 50th, 75th, and 90th percentiles designate position within
each published series. For example, at the 50th percentile or median, half of
the participating workers receive the same as or more than the benefit shown,
and half receive the same as or less than the benefit shown. At the 25th
percentile, one-fourth of the participating workers re ceive the same or less
than the benefit shown. The remaining percentiles follow the same logic.


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/glossary20102011.htm.

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,
2010." See Technical Note for more details.