Life insurance plans: Flat-dollar amount benefit formulas

Table 21. Life insurance plans: Flat-dollar amount benefit formulas,1 civilian workers,2
National Compensation Survey, March 2013

(Includes workers participating in life insurance plans with flat-dollar amount formulas)

Characteristics

Flat dollar amounts3

10th
percentile

25th
percentile

50th
percentile
(median)

75th
percentile

90th
percentile

All workers

$10,000

$10,000

$20,000

$30,000

$50,000

Worker characteristics

         

Management, professional, and related

10,000

25,000

50,000

50,000

    Management, business, and financial

10,000

15,000

25,000

50,000

50,000

    Professional and related

10,000

20,000

50,000

50,000

        Teachers

10,000

25,000

50,000

50,000

            Primary, secondary, and special education
             school teachers

10,000

25,000

50,000

50,000

        Registered nurses

10,000

50,000

Service

10,000

15,000

25,000

50,000

    Protective service

5,000

10,000

15,000

25,000

50,000

Sales and office

10,000

20,000

25,000

50,000

    Sales and related

10,000

15,000

25,000

50,000

    Office and administrative support

10,000

20,000

25,000

50,000

Natural resources, construction, and maintenance

10,000

10,000

20,000

25,000

50,000

    Construction, extraction, farming, fishing, and
     forestry

10,000

20,000

25,000

50,000

    Installation, maintenance, and repair

10,000

10,000

50,000

Production, transportation, and material moving

10,000

10,000

20,000

25,000

50,000

    Production

10,000

15,000

20,000

30,000

50,000

    Transportation and material moving

10,000

10,000

20,000

25,000

50,000

Full time

10,000

10,000

20,000

30,000

50,000

Part time

5,000

5,000

10,000

20,000

50,000

Union

5,000

10,000

20,000

40,000

50,000

Nonunion

10,000

10,000

20,000

25,000

50,000

Average wage within the following categories:4

         

    Lowest 25 percent

5,000

10,000

15,000

20,000

30,000

        Lowest 10 percent

5,000

10,000

20,000

25,000

    Second 25 percent

10,000

10,000

20,000

25,000

50,000

    Third 25 percent

10,000

10,000

20,000

50,000

    Highest 25 percent

10,000

25,000

50,000

50,000

        Highest 10 percent

10,000

30,000

50,000

50,000

Establishment characteristics

         

Goods-producing industries

10,000

15,000

20,000

30,000

50,000

Service-providing industries

10,000

20,000

30,000

50,000

    Education and health services

10,000

20,000

50,000

        Educational services

5,000

10,000

20,000

45,000

50,000

            Elementary and secondary schools

10,000

20,000

50,000

50,000

            Junior colleges, colleges, and universities

5,000

10,000

20,000

30,000

50,000

        Healthcare and social assistance

10,000

15,000

25,000

50,000

            Hospitals

5,000

10,000

20,000

25,000

50,000

    Public administration

5,000

10,000

20,000

25,000

50,000

1 to 99 workers

10,000

10,000

20,000

25,000

50,000

    1 to 49 workers

10,000

20,000

25,000

50,000

    50 to 99 workers

10,000

10,000

20,000

25,000

50,000

100 workers or more

5,000

10,000

20,000

35,000

50,000

    100 to 499 workers

10,000

10,000

20,000

25,000

50,000

    500 workers or more

5,000

10,000

20,000

40,000

50,000

Geographic areas

         

New England

5,000

20,000

50,000

50,000

Middle Atlantic

5,000

10,000

40,000

50,000

East North Central

10,000

15,000

20,000

25,000

50,000

West North Central

10,000

15,000

20,000

50,000

South Atlantic

10,000

10,000

20,000

25,000

50,000

East South Central

10,000

10,000

20,000

25,000

50,000

West South Central

5,000

10,000

20,000

25,000

50,000

Mountain

10,000

20,000

50,000

Pacific

5,000

10,000

20,000

40,000

50,000

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.

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.

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 workers receive the same or less than the amount
shown. The remaining percentiles follow the same logic.

4Surveyed occupations are classified into wage categories based on the average wage for the occupation, which may include
workers with earnings both above and below the threshold.  The categories were formed using percentile estimates generated using
data from the National Compensation Survey publication, "Employer Costs for Employee Compensation - March 2013."


NOTE: For definitions of major plans, key provisions, and related terms, see the "Glossary of Employee Benefit Terms" at
www.bls.gov/ncs/ebs/glossary20122013.htm.