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Employee Benefits Survey
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Life insurance plans: Maximum benefit amount

Table 20. Life insurance plans: Maximum benefit amounts, private industry workers,  National
Compensation Survey, March 2014

(All workers with fixed multiple of earnings formula life insurance coverage = 100 percent)

Characteristics

With
maximum
benefit
amount

Maximum benefit amount1

With no
maximum
benefit
amount

10th
percentile

25th
percentile

50th
percentile
(median)

75th
percentile

90th
percentile

All workers

78

$50,000

$70,000

$250,000

$500,000

$1,000,000

22

Worker characteristics

             

Management, professional, and related

79

50,000

100,000

300,000

750,000

21

    Management, business, and financial

82

50,000

100,000

300,000

750,000

2,000,000

18

    Professional and related

78

50,000

100,000

350,000

750,000

1,000,000

22

Service

79

50,000

50,000

200,000

500,000

1,000,000

21

    Protective service

70

50,000

50,000

1,000,000

30

Sales and office

81

50,000

50,000

200,000

500,000

1,000,000

19

    Sales and related

82

50,000

50,000

100,000

500,000

1,000,000

18

    Office and administrative support

81

50,000

200,000

500,000

19

Natural resources, construction, and maintenance

73

50,000

100,000

200,000

2,000,000

27

    Construction, extraction, farming, fishing, and
     forestry

74

100,000

170,000

1,000,000

26

    Installation, maintenance, and repair

73

50,000

250,000

1,000,000

2,000,000

27

Production, transportation, and material moving

69

50,000

75,000

200,000

500,000

1,000,000

31

    Production

63

50,000

100,000

250,000

500,000

1,000,000

37

    Transportation and material moving

76

50,000

70,000

100,000

24

Full time

78

50,000

75,000

250,000

500,000

1,000,000

22

Part time

74

50,000

70,000

500,000

800,000

26

Union

68

50,000

70,000

100,000

500,000

32

Nonunion

79

50,000

75,000

250,000

500,000

1,000,000

21

Average wage within the following categories2:

             

    Lowest 25 percent

74

50,000

50,000

200,000

500,000

1,000,000

26

        Lowest 10 percent

79

50,000

50,000

21

    Second 25 percent

80

50,000

50,000

150,000

500,000

1,000,000

20

    Third 25 percent

78

50,000

75,000

200,000

500,000

1,000,000

22

    Highest 25 percent

78

50,000

100,000

300,000

800,000

22

        Highest 10 percent

80

50,000

100,000

300,000

800,000

20

Establishment characteristics

             

Goods-producing industries

67

50,000

100,000

300,000

700,000

1,000,000

33

    Manufacturing

66

50,000

100,000

300,000

700,000

1,000,000

34

Service-providing industries

80

50,000

60,000

200,000

500,000

1,000,000

20

    Trade, transportation, and utilities

78

50,000

50,000

100,000

500,000

800,000

22

        Wholesale trade

82

50,000

250,000

500,000

1,000,000

18

        Retail trade

78

50,000

50,000

50,000

500,000

800,000

22

        Transportation and warehousing

79

50,000

70,000

100,000

200,000

500,000

21

        Utilities

62

50,000

1,000,000

38

    Information

73

50,000

200,000

2,000,000

2,000,000

27

    Financial activities

86

50,000

100,000

250,000

650,000

14

        Finance and insurance

85

50,000

100,000

250,000

700,000

2,000,000

15

            Credit intermediation and related activities

88

50,000

100,000

200,000

600,000

2,000,000

12

            Insurance carriers and related activities

76

500,000

1,000,000

1,000,000

24

    Professional and business services

81

50,000

400,000

19

        Professional and technical services

87

50,000

750,000

13

        Administrative and waste services

72

50,000

28

    Education and health services

79

50,000

250,000

500,000

1,000,000

21

        Educational services

85

50,000

50,000

200,000

500,000

15

            Junior colleges, colleges, and universities

86

50,000

50,000

200,000

500,000

500,000

14

        Health care and social assistance

78

50,000

250,000

500,000

1,000,000

22

    Other services

83

50,000

17

1 to 99 workers

81

50,000

200,000

500,000

1,000,000

19

    1 to 49 workers

83

50,000

200,000

500,000

1,000,000

17

    50 to 99 workers

78

50,000

200,000

500,000

22

100 workers or more

77

50,000

70,000

250,000

650,000

1,000,000

23

    100 to 499 workers

80

50,000

50,000

200,000

500,000

1,000,000

20

    500 workers or more

73

50,000

100,000

400,000

1,000,000

27

Geographic areas

             

Northeast

77

50,000

250,000

500,000

1,000,000

23

    New England

73

50,000

200,000

500,000

1,000,000

27

    Middle Atlantic

79

50,000

100,000

250,000

500,000

1,000,000

21

South

81

50,000

250,000

750,000

1,500,000

19

    South Atlantic

81

50,000

300,000

750,000

1,750,000

19

    East South Central

85

50,000

50,000

200,000

500,000

1,000,000

15

    West South Central

80

50,000

20

Midwest

72

50,000

100,000

250,000

500,000

1,000,000

28

    East North Central

70

50,000

100,000

300,000

550,000

1,000,000

30

    West North Central

74

50,000

50,000

200,000

500,000

1,000,000

26

West

81

50,000

200,000

500,000

1,000,000

19

    Mountain

88

50,000

1,000,000

12

    Pacific

78

50,000

50,000

200,000

500,000

1,000,000

22

1The 10th, 25th, 50th, 75th, and 90th percentiles designate position within each published series. For example, at the 50th percentile or median, half of the
participating workers receive the same as or more than the benefit shown, and half receive the same as or less than the benefit shown. At the 25th percentile,
one-fourth of the participating workers receive the same or less than the benefit&nb sp;shown. The remaining percentiles follow the same logic.

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.