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

Table 20. Life insurance plans: Fixed multiple of annual earnings benefit formulas, State and local
government workers, National Compensation Survey, March 2010

(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

46

24

26

1.5

1.5

Worker characteristics

 

 

 

 

 

 

 

Management, professional, and related

43

26

27

1.5

1.5

    Professional and related

43

27

27

3

1.5

1.5

        Teachers

42

25

29

3

1.5

1.5

            Primary, secondary, and special education
             school teachers

44

27

27

2

1.4

1.5

Service

49

21

24

7

1.5

    Protective service

54

15

21

11

1.5

1.0

Sales and office

48

24

26

2

1.4

1.5

    Office and administrative support

48

25

25

2

1.4

1.5

Natural resources, construction, and maintenance

56

18

21

1.4

1.0

Production, transportation, and material moving

42

27

27

1.5

1.5

Full time

46

24

26

1.5

1.5

Part time

54

23

18

1.4

Union

54

29

12

1.4

1.0

Nonunion

40

21

36

1.5

1.5

Average wage within the following categories:2

 

 

 

 

 

 

 

    Lowest 25 percent

47

24

28

2

1.4

1.5

        Lowest 10 percent

40

22

2

1.5

1.5

    Second 25 percent

46

24

26

3

1.4

1.5

    Third 25 percent

52

20

24

1.4

    Highest 25 percent

39

29

25

1.5

1.5

        Highest 10 percent

39

27

25

1.6

1.5

Establishment characteristics

 

 

 

 

 

 

 

Service-providing industries

46

24

26

1.5

1.5

    Education and health services

43

24

31

3

1.5

1.5

        Educational services

40

24

33

2

1.5

1.5

            Elementary and secondary schools

41

27

31

2

1.5

1.5

            Junior colleges, colleges, and universities

41

17

4

1.5

        Health care and social assistance

55

23

3

1.4

            Hospitals

56

17

5

1.5

    Public administration

53

24

17

1.4

1.0

1 to 99 workers

44

32

6

1.4

1.5

    1 to 49 workers

44

28

1.4

1.5

    50 to 99 workers

45

37

1.5

1.5

100 workers or more

46

24

27

1.5

1.5

    100 to 499 workers

44

26

23

6

1.5

1.5

    500 workers or more

47

23

28

1.5

1.5

State government

42

26

3

1.5

1.5

Local government

48

24

24

1.4

1.5

Geographic areas

 

 

 

 

 

 

 

Middle Atlantic

25

51

9

15

1.7

1.5

East North Central

67

12

17

4

1.3

1.0

West North Central

38

1.5

1.5

South Atlantic

45

21

32

3

1.5

1.5

West South Central

37

38

24

1.5

1.5

Mountain

68

1.2

1.0

Pacific

72

15

2

1.2

1.0

Footnotes:

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

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.