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Employee Benefits Survey
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Life insurance plans: Method of benefit payment

Table 18. Life insurance plans: Method of benefit payment, private industry workers, 
National Compensation Survey, March 2014

(All workers with basic life insurance coverage = 100 percent)

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

61

2

34

2

[1]

Worker characteristics

         

Management, professional, and related

74

2

23

1

[1]

    Management, business, and financial

76

2

21

1

1

    Professional and related

72

2

24

1

[1]

Service

50

1

46

2

1

    Protective service

42

56

Sales and office

65

2

31

2

[1]

    Sales and related

61

2

33

3

1

    Office and administrative support

66

2

31

1

[1]

Natural resources, construction, and maintenance

39

56

4

    Construction, extraction, farming, fishing, and
     forestry

21

74

3

    Installation, maintenance, and repair

51

44

4

Production, transportation, and material moving

49

1

44

5

[1]

    Production

47

1

46

6

[1]

    Transportation and material moving

52

42

3

Full time

62

2

34

2

[1]

Part time

57

37

4

Union

43

1

46

10

1

Nonunion

64

2

32

1

[1]

Average wage within the following categories2:

         

    Lowest 25 percent

48

1

48

2

1

        Lowest 10 percent

40

55

3

    Second 25 percent

57

1

39

3

[1]

    Third 25 percent

58

2

38

3

[1]

    Highest 25 percent

72

2

24

2

[1]

        Highest 10 percent

75

4

19

2

[1]

Establishment characteristics

         

Goods-producing industries

48

1

46

5

[1]

    Construction

20

77

3

    Manufacturing

55

38

5

Service-providing industries

65

2

31

2

[1]

    Trade, transportation, and utilities

58

2

36

3

[1]

        Wholesale trade

57

36

6

        Retail trade

54

3

38

4

1

        Transportation and warehousing

64

2

34

        Utilities

75

23

    Information

85

12

    Financial activities

77

20

1

        Finance and insurance

82

15

1

            Credit intermediation and related activities

86

2

11

            Insurance carriers and related activities

77

2

20

        Real estate and rental and leasing

51

48

    Professional and business services

68

3

28

        Professional and technical services

69

26

        Administrative and waste services

53

45

    Education and health services

66

1

32

1

[1]

        Educational services

71

2

27

1

[1]

            Junior colleges, colleges, and universities

74

2

23

1

[1]

        Health care and social assistance

65

1

33

1

1

    Leisure and hospitality

49

48

        Accommodation and food services

47

50

    Other services

47

51

1 to 99 workers

50

[1]

48

2

[1]

    1 to 49 workers

48

1

49

2

[1]

    50 to 99 workers

52

46

2

100 workers or more

69

2

26

3

[1]

    100 to 499 workers

62

2

33

2

[1]

    500 workers or more

76

3

18

3

[1]

Geographic areas

         

Northeast

69

2

27

    New England

74

2

24

    Middle Atlantic

67

3

28

South

61

1

35

2

[1]

    South Atlantic

64

32

2

    East South Central

58

38

2

    West South Central

59

37

2

Midwest

56

1

39

3

[1]

    East North Central

54

40

3

    West North Central

61

1

34

3

1

West

61

2

35

2

[1]

    Mountain

61

2

36

    Pacific

61

34

2

1Less than 0.5.

2Surveyed 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
ECEC data for March 2014.


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/glossary20132014.htm.