Standard Errors
Life insurance plans: Flat-dollar amount benefit formulas

Table 21. Standard errors for life insurance plans: Flat-dollar amount benefit formulas,1
civilian workers,2 National Compensation Survey, March 2012

Characteristics

Flat dollar amounts3

10th
percentile

25th
percentile

50th
percentile
(median)

75th
percentile

90th
percentile

All workers

$1,707.36

$0.00

$0.00

$781.02

$0.00

Worker characteristics

         

Management, professional, and related

2,371.54

0.00

0.00

    Management, business, and financial

390.51

2,298.39

2,469.82

2,705.55

0.00

    Professional and related

3,418.71

0.00

0.00

        Teachers

781.02

0.00

2,332.64

0.00

            Primary, secondary, and special education
             school teachers

916.43

1,475.70

0.00

5,832.12

0.00

        Registered nurses

1,104.54

0.00

Service

0.00

0.00

0.00

0.00

1,104.54

    Protective service

0.00

698.57

1,104.54

8,411.90

Sales and office

0.00

781.02

0.00

0.00

    Sales and related

0.00

0.00

3,024.90

7,180.33

    Office and administrative support

1,844.94

0.00

0.00

3,636.59

0.00

Natural resources, construction, and maintenance

0.00

0.00

1,361.76

0.00

    Construction, extraction, farming, fishing, and
     forestry

312.41

3,124.10

1,104.54

1,249.64

    Installation, maintenance, and repair

0.00

0.00

1,923.05

6,629.06

0.00

Production, transportation, and material moving

0.00

0.00

5,889.36

563.21

0.00

    Production

0.00

2,705.55

2,732.47

3,225.93

937.23

    Transportation and material moving

1,789.55

0.00

3,723.61

0.00

8,419.14

Full time

0.00

0.00

0.00

0.00

0.00

Part time

0.00

1,104.54

3,595.05

3,280.30

0.00

Union

0.00

0.00

156.20

0.00

0.00

Nonunion

0.00

0.00

2,435.31

0.00

0.00

Average wage within the following categories:4

         

    Lowest 25 percent

0.00

781.02

2,092.80

2,561.95

        Lowest 10 percent

552.27

0.00

1,562.05

3,024.90

4,132.80

    Second 25 percent

0.00

0.00

0.00

0.00

    Third 25 percent

2,658.74

0.00

0.00

1,350.35

0.00

    Highest 25 percent

0.00

0.00

0.00

        Highest 10 percent

523.93

2,820.35

6,989.10

0.00

Establishment characteristics

         

Goods-producing industries

0.00

2,794.28

0.00

3,709.66

0.00

Service-providing industries

0.00

0.00

1,239.84

0.00

    Education and health services

0.00

781.02

4,908.46

0.00

        Educational services

1,059.43

0.00

3,560.31

8,830.07

0.00

            Elementary and secondary schools

0.00

6,043.24

6,898.71

0.00

            Junior colleges, colleges, and universities

0.00

1,913.11

7,303.65

0.00

        Healthcare and social assistance

0.00

781.02

4,984.63

0.00

            Hospitals

0.00

0.00

1,562.05

0.00

    Public administration

0.00

0.00

0.00

4,348.56

0.00

1 to 99 workers

0.00

0.00

4,300.60

0.00

0.00

    1 to 49 workers

0.00

0.00

5,962.45

0.00

0.00

    50 to 99 workers

1,082.22

0.00

1,104.54

0.00

0.00

100 workers or more

156.20

0.00

0.00

4,302.81

0.00

    100 to 499 workers

897.33

0.00

0.00

5,379.44

0.00

    500 workers or more

0.00

0.00

0.00

978.62

0.00

Geographic areas

         

New England

0.00

3,024.90

0.00

Middle Atlantic

584.47

0.00

2,764.65

7,510.85

0.00

East North Central

0.00

873.21

0.00

5,761.08

0.00

West North Central

0.00

893.92

2,066.40

7,761.28

0.00

South Atlantic

0.00

0.00

2,705.55

441.81

0.00

East South Central

0.00

0.00

2,343.07

10,192.90

West South Central

0.00

0.00

0.00

Mountain

0.00

1,562.05

1,352.77

11,889.04

0.00

Pacific

0.00

2,285.08

0.00

1Includes participants in plans providing a fixed benefit
amount. Dollar amounts can be a flat amount or can vary by the
employee’s earnings or length of service.

4The 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.

2Includes 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.


NOTE: 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.

3The 10th, 25th, 50th, 75th, and 90th percentiles designate
position within each published series. For example, at the 50th
percentile or median, half of participating workers receive the
same as or more than the amount shown, and half receive the
same as or less than the amount shown. At the 25th percentile,
one-fourth of participating&n bsp;workers receive the same or less
than the amount shown. The remaining percentiles follow the
same logic.