Subscribe to Employee Benefits in the United States
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Life insurance plans: Flat-dollar amount benefit formulas
Table 22. Life insurance plans: Flat-dollar amount benefit formulas,1 civilian workers,2 National Compensation Survey, March 2011
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(Includes workers participating in life insurance plans with flat-dollar amount formulas)
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Characteristics
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Flat dollar amounts3
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10th percentile
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25th percentile
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50th percentile (median)
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75th percentile
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90th percentile
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Management, professional, and related
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Management, business, and financial
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Teachers: Primary, secondary, and special education school teachers
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Office and administrative support
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Natural resources, construction, and maintenance
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Construction, extraction, farming, fishing, and forestry
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Installation, maintenance, and repair
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Production, transportation, and material moving
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Transportation and material moving
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Average wage within the following categories:4
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Establishment characteristics
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Goods-producing industries
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Service-providing industries
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Education and health services
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Health care and social assistance
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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.
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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.
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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.
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4The 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, 2010." See Technical Note for more details.
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NOTE: For definitions of major plans, key provisions, and related terms, see the "Glossary of Employee Benefit Terms" at www.bls.gov/ncs/ebs/glossary20102011.htm.
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