Table 18. Life insurance plans: Method of benefit payment, private industry workers, National Compensation Survey, March 2014
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(All workers with basic life insurance coverage = 100 percent)
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Characteristics
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Basic life insurance method of payment
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Fixed multiple of annual earnings
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Variable multiple of annual earnings
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Flat dollar amount
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Variable dollar amount
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Other
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Management, professional, and related
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Management, business, and financial
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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 categories2:
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Establishment characteristics
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Goods-producing industries
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Service-providing industries
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Trade, transportation, and utilities
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Transportation and warehousing
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Credit intermediation and related activities
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Insurance carriers and related activities
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Real estate and rental and leasing
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Professional and business services
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Professional and technical services
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Administrative and waste services
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Education and health services
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Junior colleges, colleges, and universities
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Health care and social assistance
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Accommodation and food services
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1Less than 0.5.
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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.
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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.
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