U.S. flag

An official website of the United States government

Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Employee Benefits Survey
EBS EBS Program Links

Life insurance plans: Method of benefit payment Standard Errors

Table 19. Standard errors for life insurance plans: Method of benefit payment, private
industry workers,  National Compensation Survey, March 2010

Characteristics

Basic life insurance method of payment

Fixed
multiple of
annual
earnings

Variable
multiple of
annual
earnings

Flat dollar
amount

Variable
dollar
amount

Other

All workers

0.8

0.2

0.8

0.2

0.1

Worker characteristics

 

 

 

 

 

Management, professional, and related

1.2

0.4

1.2

0.2

0.2

    Management, business, and financial

1.3

0.6

1.2

0.3

0.4

    Professional and related

1.5

0.5

1.5

0.3

0.2

Service

2.4

0.3

2.7

0.9

0.2

    Protective service

6.0

–

6.1

–

–

Sales and office

1.0

0.3

0.9

0.3

0.2

    Sales and related

1.5

0.5

1.5

0.3

0.3

    Office and administrative support

1.0

0.4

1.0

0.3

0.2

Natural resources, construction, and maintenance

1.7

0.2

1.7

0.6

0.3

    Construction, extraction, farming, fishing, and
     forestry

1.7

–

1.9

1.1

–

    Installation, maintenance, and repair

2.2

0.3

2.3

0.6

0.2

Production, transportation, and material moving

1.7

0.4

1.7

0.6

0.3

    Production

1.9

0.3

1.9

0.8

0.5

    Transportation and material moving

2.2

–

2.4

0.7

–

Full time

0.8

0.2

0.8

0.2

0.1

Part time

2.3

0.2

2.3

0.5

0.6

Union

1.8

0.4

1.6

0.7

0.4

Nonunion

0.9

0.3

0.9

0.2

0.1

Average wage within the following categories:1

 

 

 

 

 

    Lowest 25 percent

2.4

–

2.7

0.9

–

        Lowest 10 percent

7.4

–

8.9

2.2

–

    Second 25 percent

1.1

0.2

1.1

0.2

0.1

    Third 25 percent

1.2

0.3

1.1

0.3

0.2

    Highest 25 percent

1.0

0.4

0.9

0.3

0.3

        Highest 10 percent

1.6

0.7

1.6

0.2

0.3

Establishment characteristics

 

 

 

 

 

Goods-producing industries

1.5

0.3

1.4

0.5

0.3

    Construction

1.8

–

1.9

0.7

–

    Manufacturing

1.8

0.4

1.8

0.6

0.3

Service-providing industries

0.9

0.3

0.8

0.3

0.2

    Trade, transportation, and utilities

1.4

0.4

1.4

0.4

0.2

        Wholesale trade

2.7

–

2.7

0.8

–

        Retail trade

1.7

0.4

1.7

0.5

0.3

        Transportation and warehousing

3.3

–

3.4

1.0

–

        Utilities

3.3

0.8

2.7

–

–

    Information

2.3

1.1

1.9

–

–

    Financial activities

1.2

0.5

1.0

0.2

0.2

        Finance and insurance

1.1

0.5

0.9

0.2

0.2

            Credit intermediation and related activities

1.3

0.9

1.0

–

–

            Insurance carriers and related activities

2.1

0.5

1.8

0.4

0.3

        Real estate and rental and leasing

5.6

–

5.2

–

–

    Professional and business services

2.8

0.6

2.7

–

–

        Professional and technical services

3.8

–

4.1

–

–

        Administrative and waste services

4.8

–

4.8

–

–

    Education and health services

1.7

0.7

1.6

0.4

0.3

        Educational services

2.7

2.1

2.3

0.9

0.2

            Junior colleges, colleges, and universities

3.0

–

2.2

–

0.2

        Health care and social assistance

1.9

0.8

1.9

0.3

0.3

    Leisure and hospitality

6.2

–

7.5

2.4

–

        Accommodation and food services

6.2

–

7.5

2.8

–

    Other services

4.5

–

4.5

–

–

1 to 99 workers

1.3

0.3

1.4

0.3

0.2

    1 to 49 workers

1.6

0.4

1.5

0.4

0.2

    50 to 99 workers

2.4

0.4

2.4

0.6

0.3

100 workers or more

1.0

0.3

0.9

0.3

0.2

    100 to 499 workers

1.4

0.3

1.4

0.4

0.2

    500 workers or more

1.4

0.6

1.2

0.5

0.3

Geographic areas

 

 

 

 

 

New England

2.9

1.1

3.1

–

–

Middle Atlantic

2.4

0.5

2.3

0.4

0.6

East North Central

1.8

0.6

1.8

0.6

0.1

West North Central

2.6

0.5

2.6

0.4

0.2

South Atlantic

1.8

0.3

1.6

0.4

0.2

East South Central

3.9

–

4.1

1.7

–

West South Central

3.0

0.6

2.4

0.6

0.5

Mountain

2.5

0.3

2.5

–

–

Pacific

2.0

1.0

2.2

0.7

0.3

Footnotes:

1The 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, 2009." See Technical Note for more details.


NOTE: 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/glossary20092010.htm.