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

Standard Errors
Life insurance plans: Fixed multiple of earnings benefit formulas

Table 19. Standard errors for life insurance plans: Fixed multiple of annual earnings benefit formulas,
private industry workers,  National Compensation Survey, March 2012

Characteristics

Multiple of annual earnings amounts1

Mean
multiple of
annual
earnings

Median
multiple of
annual
earnings

Less than
1.0 times
earnings

1.0 times
earnings

Over 1.0
and under
2.0 times
earnings

2.0 times
earnings

Greater
than 2.0
times
earnings

All workers

0.1

1.1

0.7

0.9

0.4

[2]

0.0

Worker characteristics

              

Management, professional, and related

0.1

1.5

0.8

1.4

0.7

[2]

0.0

    Management, business, and financial

0.2

2.1

1.0

1.9

0.8

[2]

0.0

    Professional and related

0.1

1.9

1.1

1.7

0.8

[2]

0.0

Service

0.1

3.2

2.9

2.3

0.4

[2]

0.0

Sales and office

0.1

1.3

0.8

1.1

0.4

[2]

0.0

    Sales and related

–

2.0

1.5

1.5

–

[2]

0.0

    Office and administrative support

0.2

1.7

0.9

1.5

0.5

[2]

0.0

Natural resources, construction, and maintenance

0.9

3.6

2.5

3.6

1.0

[2]

0.0

    Construction, extraction, farming, fishing, and
     forestry

–

7.9

–

7.1

–

0.1

0.1

    Installation, maintenance, and repair

0.7

3.8

2.8

4.0

1.2

[2]

0.0

Production, transportation, and material moving

0.4

2.3

1.8

1.9

0.5

[2]

0.0

    Production

–

2.9

2.4

3.0

–

[2]

0.0

    Transportation and material moving

–

3.1

2.2

1.7

–

[2]

0.0

Full time

0.1

1.1

0.7

1.0

0.3

[2]

0.0

Union

0.4

3.1

2.3

2.4

1.4

[2]

0.0

Nonunion

0.1

1.3

0.7

1.1

0.4

[2]

0.0

Average wage within the following categories:3

              

    Lowest 25 percent

–

3.7

2.7

3.0

–

[2]

0.0

        Lowest 10 percent

–

8.2

–

2.3

–

[2]

0.0

    Second 25 percent

0.2

1.9

1.2

1.6

0.4

[2]

0.0

    Third 25 percent

0.2

1.9

1.1

1.4

0.7

[2]

0.0

    Highest 25 percent

0.1

1.5

0.9

1.4

0.5

[2]

0.0

        Highest 10 percent

0.1

1.7

1.0

1.6

0.7

[2]

0.0

Establishment characteristics

              

Goods-producing industries

0.4

2.5

2.0

2.0

0.7

[2]

0.1

    Construction

–

7.7

–

–

–

0.1

0.0

    Manufacturing

0.4

2.6

2.2

2.2

0.8

[2]

0.2

Service-providing industries

0.1

1.1

0.7

1.1

0.4

[2]

0.0

    Trade, transportation, and utilities

0.4

1.7

1.1

1.5

0.6

[2]

0.0

        Wholesale trade

–

3.9

3.2

3.8

–

0.1

0.3

        Retail trade

–

1.7

1.4

1.1

–

[2]

0.0

        Transportation and warehousing

–

5.5

2.5

4.5

–

[2]

0.0

        Utilities

–

6.7

1.2

7.5

–

0.1

0.2

    Information

–

3.3

2.4

2.4

1.8

[2]

0.0

    Financial activities

–

1.7

–

1.7

0.8

[2]

0.0

        Finance and insurance

–

1.6

–

1.5

0.9

[2]

0.0

            Credit intermediation and related activities

–

2.2

–

1.7

1.4

[2]

0.0

            Insurance carriers and related activities

–

3.9

1.2

3.9

1.1

[2]

0.0

        Real estate and rental and leasing

–

8.2

–

–

–

0.1

0.2

    Professional and business services

–

3.3

2.2

3.4

1.0

[2]

0.1

        Professional and technical services

–

3.5

2.5

4.0

1.7

[2]

0.0

        Administrative and waste services

–

8.7

–

7.0

–

0.1

0.2

    Education and health services

0.2

2.6

1.1

2.4

0.9

[2]

0.0

        Educational services

–

3.9

3.7

3.2

–

0.1

0.0

            Junior colleges, colleges, and universities

0.5

2.9

2.6

2.4

0.3

[2]

0.0

        Healthcare and social assistance

0.2

3.1

1.1

2.8

0.9

[2]

0.0

    Leisure and hospitality

–

6.6

–

–

–

0.1

0.0

        Accommodation and food services

–

6.8

–

–

–

0.1

0.0

    Other services

–

6.9

–

9.7

–

0.1

–

1 to 99 workers

0.3

2.1

1.2

2.0

1.0

[2]

0.0

    1 to 49 workers

–

2.4

1.3

1.8

–

[2]

0.0

    50 to 99 workers

–

4.2

2.3

4.5

–

[2]

–

100 workers or more

0.1

1.3

0.9

1.0

0.4

[2]

0.0

    100 to 499 workers

–

1.7

1.1

1.5

–

[2]

0.0

    500 workers or more

0.2

1.9

1.3

1.5

0.4

[2]

0.0

Geographic areas

              

New England

0.1

2.2

1.8

1.4

0.6

[2]

0.0

Middle Atlantic

0.3

4.4

2.7

2.5

0.7

[2]

0.0

East North Central

–

3.2

2.0

2.4

–

[2]

0.0

West North Central

–

2.5

2.6

3.4

–

0.1

0.0

South Atlantic

–

2.1

1.8

2.4

–

[2]

0.0

East South Central

–

3.9

–

6.9

2.3

[2]

0.0

West South Central

–

3.0

1.3

2.6

–

[2]

0.0

Mountain

–

4.4

2.7

2.3

1.1

[2]

0.0

Pacific

0.4

3.1

1.7

2.0

1.2

[2]

0.0

1Includes participants in plans in which insurance equaled a multiple of
earnings plus or minus a specified amount.

3The 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.

2Less than 0.05.


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/glossary20112012.htm.