Life insurance plans: Fixed multiple of earnings benefit formulas

Table 19. Life insurance plans: Fixed multiple of annual earnings benefit formulas, State and local
government workers, National Compensation Survey, March 2012

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

Characteristics

Multiple of annual earnings amounts1

Mean
multiple of
annual
earnings

Median
multiple of
annual
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

48

23

25

1.4

1.5

Worker characteristics

             

Management, professional, and related

47

24

26

1.4

1.5

    Professional and related

47

24

26

3

1.4

1.5

        Teachers

45

25

27

4

1.5

1.5

            Primary, secondary, and special education
             school teachers

47

27

24

2

1.4

Service

50

19

24

6

1.5

    Protective service

56

12

22

1.5

1.0

Sales and office

51

22

24

2

1.4

    Office and administrative support

50

23

24

2

1.4

Natural resources, construction, and maintenance

49

22

24

1.4

Production, transportation, and material moving

40

34

22

1.5

1.5

Full time

48

23

25

1.5

1.5

Part time

54

29

1.3

Union

56

28

11

1.4

1.0

Nonunion

42

19

36

1.5

1.5

Average wage within the following categories:2

             

    Lowest 25 percent

47

23

29

1

1.4

1.5

        Lowest 10 percent

43

19

1.5

1.5

    Second 25 percent

50

21

26

3

1.4

    Third 25 percent

52

20

24

1.4

    Highest 25 percent

43

28

22

1.5

1.5

        Highest 10 percent

42

27

21

1.5

1.5

Establishment characteristics

             

Service-providing industries

48

23

25

1.4

1.5

    Education and health services

46

23

29

2

1.5

1.5

        Educational services

43

23

31

3

1.5

1.5

            Elementary and secondary schools

43

28

28

1

1.4

1.5

            Junior colleges, colleges, and universities

44

5

1.5

        Healthcare and social assistance

61

20

1.4

1.0

            Hospitals

62

1.4

1.0

    Public administration

57

19

17

1.4

1.0

1 to 99 workers

47

6

1.4

    1 to 49 workers

52

23

1.4

100 workers or more

48

23

26

1.4

1.5

    100 to 499 workers

45

25

23

7

1.5

1.5

    500 workers or more

49

22

26

1.4

State government

47

19

4

1.5

1.5

Local government

48

25

23

1.4

1.3

Geographic areas

             

New England

33

1.4

Middle Atlantic

26

51

8

15

1.7

1.5

East North Central

68

11

17

4

1.3

1.0

West North Central

37

1.5

1.5

South Atlantic

50

16

32

2

1.5

West South Central

34

1.5

1.5

Mountain

64

1.2

1.0

Pacific

76

1.2

1.0

1Includes participants in plans in which insurance equaled a multiple of
earnings plus or minus a specified amount.


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/glossary20112012.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.