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 2013

Characteristics

Flat dollar amounts3

10th
percentile

25th
percentile

50th
percentile
(median)

75th
percentile

90th
percentile

All workers

$0.00

$0.00

$0.00

$1,288.10

$0.00

Worker characteristics

         

Management, professional, and related

2,992.91

5,597.29

0.00

0.00

    Management, business, and financial

0.00

0.00

0.00

0.00

0.00

    Professional and related

2,017.10

4,969.19

0.00

0.00

        Teachers

500.10

1,126.41

1,000.20

0.00

            Primary, secondary, and special education
             school teachers

500.10

1,361.76

4,061.33

0.00

        Registered nurses

781.02

0.00

Service

0.00

0.00

0.00

0.00

    Protective service

0.00

0.00

4,289.24

4,132.80

0.00

Sales and office

0.00

0.00

0.00

0.00

    Sales and related

0.00

0.00

6,049.79

0.00

    Office and administrative support

1,714.70

0.00

3,838.96

0.00

Natural resources, construction, and maintenance

0.00

0.00

4,686.15

4,475.08

0.00

    Construction, extraction, farming, fishing, and
     forestry

0.00

2,922.33

3,579.11

3,589.32

    Installation, maintenance, and repair

0.00

1,427.38

0.00

Production, transportation, and material moving

0.00

781.02

0.00

1,760.34

0.00

    Production

0.00

781.02

0.00

5,311.54

0.00

    Transportation and material moving

312.41

0.00

1,327.74

0.00

1,746.42

Full time

0.00

0.00

0.00

500.10

0.00

Part time

0.00

0.00

0.00

5,297.17

0.00

Union

0.00

0.00

0.00

0.00

0.00

Nonunion

0.00

0.00

0.00

0.00

0.00

Average wage within the following categories:4

         

    Lowest 25 percent

917.50

0.00

0.00

3,548.30

6,476.39

        Lowest 10 percent

552.27

0.00

2,066.40

0.00

    Second 25 percent

0.00

0.00

312.41

0.00

0.00

    Third 25 percent

0.00

0.00

0.00

0.00

    Highest 25 percent

2,199.22

0.00

0.00

0.00

        Highest 10 percent

0.00

8,172.28

0.00

0.00

Establishment characteristics

         

Goods-producing industries

0.00

552.27

0.00

4,223.32

0.00

Service-providing industries

0.00

0.00

3,549.15

0.00

    Education and health services

0.00

1,794.66

0.00

        Educational services

826.56

0.00

2,012.56

7,234.92

0.00

            Elementary and secondary schools

0.00

5,531.51

5,297.74

0.00

            Junior colleges, colleges, and universities

0.00

1,397.14

1,753.40

7,404.71

0.00

        Healthcare and social assistance

0.00

1,104.54

781.02

0.00

            Hospitals

0.00

0.00

3,313.61

3,912.31

0.00

    Public administration

0.00

0.00

0.00

4,939.64

0.00

1 to 99 workers

0.00

2,792.10

0.00

0.00

0.00

    1 to 49 workers

0.00

0.00

1,104.54

0.00

    50 to 99 workers

0.00

1,377.35

1,229.96

5,056.80

0.00

100 workers or more

390.51

0.00

0.00

5,174.77

0.00

    100 to 499 workers

0.00

0.00

0.00

2,171.47

0.00

    500 workers or more

0.00

0.00

0.00

5,344.17

0.00

Geographic areas

         

New England

0.00

0.00

0.00

0.00

Middle Atlantic

811.66

0.00

5,095.25

0.00

East North Central

0.00

873.21

0.00

2,252.82

0.00

West North Central

0.00

3,478.85

0.00

0.00

South Atlantic

434.01

468.61

1,104.54

0.00

0.00

East South Central

0.00

441.81

2,343.07

4,570.83

0.00

West South Central

1,104.54

0.00

4,524.56

156.20

0.00

Mountain

0.00

781.02

0.00

Pacific

413.28

0.00

1,352.77

6,409.68

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.

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.