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

Table 16. Standard errors for life insurance plans: Flat-dollar amount benefit formulas,1
civilian workers,2 National Compensation Survey, March 2008

(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

$0.00

$0.00

$0.00

$0.00

$0.00

Worker characteristics

         

Management, professional, and related

220.90

0.00

0.00

6,213.90

0.00

    Management, business, and financial

0.00

0.00

0.00

0.00

0.00

    Professional and related

0.00

0.00

0.00

10,985.80

0.00

        Teachers

156.20

0.00

7,642.90

7,794.60

0.00

            Primary, secondary, and special education
             school teachers

312.40

0.00

2,837.60

8,244.90

0.00

        Registered nurses

1,787.20

1,003.20

1,727.10

5,948.10

0.00

Service

0.00

441.80

0.00

0.00

589.70

Sales and office

732.70

0.00

1,037.60

0.00

0.00

    Sales and related

0.00

0.00

0.00

1,781.00

18,169.10

    Office and administrative support

3,464.80

0.00

5,712.40

1,746.40

0.00

Natural resources, construction, and maintenance

390.50

0.00

0.00

0.00

0.00

    Construction, extraction, farming, fishing, and
     forestry

3,267.30

0.00

0.00

0.00

1,562.00

    Installation, maintenance, and repair

0.00

0.00

805.10

1,735.90

2,000.40

Production, transportation, and material moving

1,318.50

0.00

0.00

0.00

6,727.70

    Production

0.00

78.10

5,154.80

0.00

6,663.90

    Transportation and material moving

0.00

0.00

0.00

2,855.80

11,251.10

Full time

1,927.40

0.00

0.00

0.00

0.00

Part time

468.60

0.00

0.00

0.00

16,322.80

Union

0.00

0.00

0.00

1,435.90

0.00

Nonunion

3,814.20

0.00

0.00

0.00

0.00

Establishment characteristics

         

Goods-producing industries

$0.00

$0.00

$5,393.00

$0.00

$1,082.20

Service-providing industries

0.00

0.00

0.00

0.00

0.00

    Education and health services

0.00

0.00

1,577.60

3,708.40

0.00

        Educational services

0.00

0.00

0.00

1,746.40

0.00

            Elementary and secondary schools

156.20

0.00

0.00

5,047.70

0.00

            Junior colleges, colleges, and universities

0.00

5,509.40

5,904.90

9,032.00

0.00

        Health care and social assistance

826.60

0.00

4,889.40

5,964.50

4,877.50

            Hospitals

1,000.20

0.00

2,788.80

4,348.60

0.00

    Public administration

0.00

0.00

3,562.00

5,239.30

0.00

1 to 99 workers

5,043.50

0.00

0.00

0.00

0.00

    1 to 49 workers

0.00

0.00

0.00

0.00

0.00

    50 to 99 workers

0.00

0.00

0.00

2,922.30

9,874.30

100 workers or more

0.00

0.00

5,915.50

4,607.40

0.00

    100 to 499 workers

2,787.70

0.00

4,491.20

0.00

0.00

    500 workers or more

0.00

0.00

3,748.90

7,574.20

0.00

Geographic areas

         

New England

0.00

7,520.60

7,491.30

937.20

0.00

Middle Atlantic

0.00

0.00

0.00

0.00

0.00

East North Central

2,916.10

0.00

5,100.80

1,913.10

0.00

West North Central

0.00

0.00

2,066.40

7,362.40

0.00

South Atlantic

0.00

0.00

0.00

848.40

3,579.10

East South Central

0.00

0.00

413.30

4,153.40

15,294.50

West South Central

0.00

0.00

0.00

4,404.30

13,325.10

Mountain

1,789.60

0.00

6,581.00

1,913.10

4,939.60

Pacific

0.00

0.00

1,126.40

5,988.00

0.00

Footnotes:

1Includes participants in plans providing a fixed benefit amount. Dollar amounts can-be-a flat amount or can vary by the employeeís 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.