Life insurance plans: Maximum benefit amount

Table 20. Life insurance plans: Maximum benefit amount, civilian workers,1 National Compensation
Survey, March 2012

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

Characteristics

With
maximum
benefit
amount

Maximum benefit amount2

With no
maximum
benefit
amount

10th
percentile

25th
percentile

50th
percentile
(median)

75th
percentile

90th
percentile

All workers

72

$50,000

$50,000

$200,000

$500,000

$1,000,000

28

Worker characteristics

             

Management, professional, and related

74

50,000

100,000

250,000

600,000

1,000,000

26

    Management, business, and financial

78

50,000

100,000

250,000

600,000

22

    Professional and related

71

50,000

100,000

265,000

600,000

1,000,000

29

        Teachers

59

50,000

50,000

100,000

250,000

400,000

41

            Primary, secondary, and special education
             school teachers

49

50,000

200,000

350,000

51

        Registered nurses

67

50,000

250,000

500,000

1,000,000

33

Service

66

50,000

50,000

150,000

500,000

1,000,000

34

    Protective service

49

50,000

50,000

100,000

280,000

51

Sales and office

77

50,000

50,000

200,000

500,000

1,000,000

23

    Sales and related

84

50,000

50,000

500,000

1,000,000

16

    Office and administrative support

74

50,000

200,000

500,000

26

Natural resources, construction, and maintenance

68

50,000

200,000

2,000,000

32

    Construction, extraction, farming, fishing, and
     forestry

57

50,000

50,000

300,000

750,000

43

    Installation, maintenance, and repair

71

50,000

70,000

250,000

1,000,000

2,000,000

29

Production, transportation, and material moving

63

50,000

70,000

250,000

500,000

1,000,000

37

    Production

67

50,000

100,000

250,000

500,000

1,000,000

33

    Transportation and material moving

57

50,000

50,000

500,000

43

Full time

73

50,000

50,000

200,000

500,000

1,000,000

27

Part time

57

50,000

250,000

600,000

1,000,000

43

Union

53

50,000

50,000

150,000

400,000

1,000,000

47

Nonunion

75

50,000

50,000

245,000

500,000

1,000,000

25

Average wage within the following categories:3

             

    Lowest 25 percent

66

50,000

50,000

500,000

34

        Lowest 10 percent

72

50,000

50,000

28

    Second 25 percent

74

50,000

50,000

150,000

500,000

1,000,000

26

    Third 25 percent

72

50,000

70,000

200,000

500,000

1,000,000

28

    Highest 25 percent

73

50,000

100,000

300,000

750,000

27

        Highest 10 percent

75

50,000

100,000

300,000

750,000

25

Establishment characteristics

             

Goods-producing industries

66

50,000

100,000

300,000

750,000

34

Service-providing industries

73

50,000

50,000

200,000

500,000

1,000,000

27

    Education and health services

69

50,000

50,000

200,000

500,000

31

        Educational services

61

50,000

50,000

100,000

250,000

500,000

39

            Elementary and secondary schools

47

50,000

100,000

200,000

350,000

53

            Junior colleges, colleges, and universities

76

50,000

50,000

500,000

24

        Healthcare and social assistance

73

50,000

250,000

500,000

1,000,000

27

            Hospitals

69

50,000

100,000

350,000

600,000

1,000,000

31

    Public administration

47

50,000

50,000

100,000

200,000

500,000

53

1 to 99 workers

77

50,000

200,000

500,000

1,000,000

23

    1 to 49 workers

77

50,000

200,000

500,000

1,000,000

23

    50 to 99 workers

76

50,000

200,000

500,000

24

100 workers or more

71

50,000

50,000

245,000

500,000

1,000,000

29

    100 to 499 workers

76

50,000

50,000

200,000

500,000

1,000,000

24

    500 workers or more

66

50,000

280,000

1,000,000

34

Geographic areas

             

New England

77

50,000

200,000

500,000

23

Middle Atlantic

73

50,000

50,000

200,000

500,000

1,000,000

27

East North Central

63

50,000

100,000

250,000

500,000

1,000,000

37

West North Central

64

50,000

300,000

600,000

1,000,000

36

South Atlantic

72

50,000

250,000

500,000

1,500,000

28

East South Central

81

50,000

500,000

1,000,000

19

West South Central

77

50,000

50,000

250,000

750,000

1,000,000

23

Mountain

76

50,000

50,000

500,000

1,000,000

24

Pacific

75

50,000

50,000

200,000

500,000

1,000,000

25

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.

2The 10th, 25th, 50th, 75th, and 90th percentiles designate position within
each published series. For example, at the 50th percentile or median, half of
the participating workers receive the same as or more than the benefit shown,
and half receive the same as or less than the benefit shown. At the 25th
percentile, one-fourth of the participating workers re ceive the same or less
than the benefit shown. The remaining percentiles follow the same logic.


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.