Life insurance plans: Method of benefit payment

Table 19. Life insurance plans: Method of benefit payment, private industry workers, 
National Compensation Survey, March 2011

(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

59

2

36

2

1

Worker characteristics

         

Management, professional, and related

71

3

23

1

1

    Management, business, and financial

74

3

20

1

2

    Professional and related

69

4

25

1

1

Service

46

1

49

3

[1]

    Protective service

35

63

Sales and office

65

3

30

1

1

    Sales and related

62

3

33

1

1

    Office and administrative support

67

2

29

1

[1]

Natural resources, construction, and maintenance

37

1

57

4

1

    Construction, extraction, farming, fishing, and
     forestry

16

77

6

    Installation, maintenance, and repair

52

1

43

3

1

Production, transportation, and material moving

45

1

49

4

1

    Production

44

1

49

5

2

    Transportation and material moving

47

1

49

3

1

Full time

59

2

36

2

1

Part time

55

42

1

Union

40

1

51

8

1

Nonunion

62

2

34

1

1

Average wage within the following categories:2

         

    Lowest 25 percent

44

51

3

        Lowest 10 percent

33

58

5

    Second 25 percent

57

2

39

1

1

    Third 25 percent

56

2

40

2

1

    Highest 25 percent

68

3

25

2

1

        Highest 10 percent

70

5

22

1

2

Establishment characteristics

         

Goods-producing industries

44

2

49

4

1

    Construction

16

81

3

    Manufacturing

50

2

43

5

1

Service-providing industries

63

2

32

2

1

    Trade, transportation, and utilities

57

3

38

2

1

        Wholesale trade

53

4

39

        Retail trade

56

3

39

        Transportation and warehousing

59

37

2

        Utilities

79

1

19

    Information

84

4

10

    Financial activities

81

3

14

1

1

        Finance and insurance

85

3

11

1

1

            Credit intermediation and related activities

87

4

8

            Insurance carriers and related activities

83

2

13

1

[1]

        Real estate and rental and leasing

61

34

    Professional and business services

63

34

2

        Professional and technical services

63

34

1

        Administrative and waste services

51

47

    Education and health services

62

3

32

2

1

        Educational services

63

4

31

2

[1]

            Junior colleges, colleges, and universities

69

5

24

1

[1]

        Health care and social assistance

62

3

33

2

1

    Leisure and hospitality

42

52

5

        Accommodation and food services

43

50

6

    Other services

48

50

1 to 99 workers

46

2

50

2

1

    1 to 49 workers

45

2

50

2

1

    50 to 99 workers

48

49

2

100 workers or more

67

3

27

2

1

    100 to 499 workers

61

1

34

2

1

    500 workers or more

72

4

20

3

1

Geographic areas

         

New England

68

4

26

Middle Atlantic

61

2

33

East North Central

54

2

41

4

[1]

West North Central

57

2

39

2

[1]

South Atlantic

62

2

33

2

1

East South Central

58

35

5

West South Central

63

2

32

2

1

Mountain

54

2

44

Pacific

55

3

39

1Less than 0.5 percent.


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.