Life insurance plans: Maximum benefit amount

Table 20. Life insurance plans: Maximum benefit amounts, civilian workers,1 National Compensation
Survey, March 2013

(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

74

$50,000

$50,000

$200,000

$500,000

$1,000,000

26

Worker characteristics

             

Management, professional, and related

75

50,000

100,000

250,000

600,000

1,000,000

25

    Management, business, and financial

80

50,000

100,000

300,000

750,000

20

    Professional and related

72

50,000

250,000

500,000

1,000,000

28

        Teachers

59

50,000

50,000

100,000

250,000

400,000

41

            Primary, secondary, and special education
             school teachers

49

50,000

300,000

51

        Registered nurses

69

50,000

300,000

500,000

1,000,000

31

Service

68

50,000

50,000

500,000

1,000,000

32

    Protective service

49

50,000

50,000

280,000

51

Sales and office

79

50,000

50,000

200,000

500,000

1,000,000

21

    Sales and related

83

50,000

50,000

500,000

1,000,000

17

    Office and administrative support

77

50,000

200,000

500,000

23

Natural resources, construction, and maintenance

67

50,000

200,000

2,000,000

33

    Construction, extraction, farming, fishing, and
     forestry

59

50,000

170,000

41

    Installation, maintenance, and repair

69

50,000

200,000

2,000,000

31

Production, transportation, and material moving

68

50,000

200,000

500,000

1,000,000

32

    Production

65

50,000

100,000

250,000

500,000

1,000,000

35

    Transportation and material moving

71

50,000

100,000

400,000

29

Full time

74

50,000

50,000

200,000

500,000

1,000,000

26

Part time

69

50,000

500,000

850,000

31

Union

61

50,000

50,000

100,000

300,000

1,000,000

39

Nonunion

76

50,000

245,000

500,000

1,000,000

24

Average wage within the following categories:3

             

    Lowest 25 percent

70

50,000

50,000

500,000

1,000,000

30

        Lowest 10 percent

75

50,000

50,000

25

    Second 25 percent

77

50,000

50,000

150,000

500,000

1,000,000

23

    Third 25 percent

73

50,000

75,000

200,000

500,000

1,000,000

27

    Highest 25 percent

74

50,000

100,000

300,000

750,000

1,500,000

26

        Highest 10 percent

76

50,000

100,000

300,000

750,000

24

Establishment characteristics

             

Goods-producing industries

68

50,000

100,000

300,000

700,000

32

Service-providing industries

75

50,000

50,000

200,000

500,000

1,000,000

25

    Education and health services

69

50,000

50,000

200,000

500,000

31

        Educational services

63

50,000

50,000

100,000

250,000

500,000

37

            Elementary and secondary schools

48

50,000

200,000

300,000

52

            Junior colleges, colleges, and universities

78

50,000

50,000

500,000

22

        Healthcare and social assistance

73

50,000

250,000

500,000

1,000,000

27

            Hospitals

70

50,000

100,000

350,000

500,000

1,000,000

30

    Public administration

49

50,000

50,000

100,000

200,000

500,000

51

1 to 99 workers

76

50,000

200,000

500,000

1,000,000

24

    1 to 49 workers

77

50,000

200,000

500,000

1,000,000

23

    50 to 99 workers

73

50,000

100,000

245,000

500,000

27

100 workers or more

73

50,000

50,000

200,000

500,000

1,000,000

27

    100 to 499 workers

79

50,000

50,000

200,000

500,000

1,000,000

21

    500 workers or more

68

50,000

100,000

250,000

750,000

1,000,000

32

Geographic areas

             

New England

73

50,000

200,000

500,000

1,000,000

27

Middle Atlantic

73

50,000

200,000

500,000

1,000,000

27

East North Central

65

50,000

100,000

250,000

500,000

1,000,000

35

West North Central

66

50,000

245,000

500,000

1,000,000

34

South Atlantic

74

50,000

250,000

1,500,000

26

East South Central

83

50,000

500,000

1,000,000

17

West South Central

78

50,000

250,000

750,000

22

Mountain

82

50,000

50,000

500,000

1,000,000

18

Pacific

79

50,000

50,000

200,000

500,000

1,000,000

21

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.

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 receive the same or less than the benefit&nb sp;shown. The remaining percentiles follow the same logic.

3Surveyed 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: 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/glossary20122013.htm.