Life insurance plans: Method of benefit payment

Table 18. Life insurance plans: Method of benefit payment, civilian workers,1 National
Compensation Survey, March 2012

(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

56

2

39

3

1

Worker characteristics

         

Management, professional, and related

62

2

32

2

1

    Management, business, and financial

69

2

25

2

2

    Professional and related

59

3

35

3

1

        Teachers

38

1

54

6

1

            Primary, secondary, and special education
             school teachers

32

1

60

6

1

        Registered nurses

74

2

22

1

1

Service

45

1

50

4

1

    Protective service

39

2

53

5

1

Sales and office

63

2

33

2

1

    Sales and related

62

3

32

2

1

    Office and administrative support

63

2

33

2

1

Natural resources, construction, and maintenance

38

1

57

4

1

    Construction, extraction, farming, fishing, and
     forestry

20

72

5

    Installation, maintenance, and repair

50

1

45

3

1

Production, transportation, and material moving

45

1

50

4

1

    Production

46

[2]

49

4

1

    Transportation and material moving

44

1

51

3

[2]

Full time

56

2

39

3

1

Part time

52

1

42

3

2

Union

35

1

55

8

1

Nonunion

61

2

35

1

1

Average wage within the following categories:3

         

    Lowest 25 percent

45

1

51

2

[2]

        Lowest 10 percent

29

67

    Second 25 percent

53

1

42

2

1

    Third 25 percent

55

2

40

3

1

    Highest 25 percent

61

3

32

3

1

        Highest 10 percent

63

3

30

2

1

Establishment characteristics

         

Goods-producing industries

45

2

48

3

1

Service-providing industries

58

2

37

3

1

    Education and health services

52

2

42

3

1

        Educational services

41

2

51

5

1

            Elementary and secondary schools

32

1

60

6

1

            Junior colleges, colleges, and universities

59

3

33

4

2

        Healthcare and social assistance

62

2

34

1

1

            Hospitals

79

2

17

1

1

    Public administration

36

3

53

7

2

1 to 99 workers

48

1

49

2

1

    1 to 49 workers

47

2

49

2

1

    50 to 99 workers

49

48

2

100 workers or more

59

2

34

3

1

    100 to 499 workers

59

1

37

2

1

    500 workers or more

60

3

32

4

1

Geographic areas

         

New England

64

32

2

Middle Atlantic

58

3

34

5

1

East North Central

50

2

44

3

[2]

West North Central

55

1

40

2

1

South Atlantic

61

2

33

3

1

East South Central

58

2

37

2

1

West South Central

55

1

41

2

1

Mountain

54

45

Pacific

49

3

44

1Includes workers in the private nonfarm economy except
those in private households, and workers in the public sector,
except the federal government. See Technical Note for further
explanation.

3The 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.

2Less than 0.5.


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.