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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 2015

(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

62

1

34

2

[1]

Worker characteristics

         

Management, professional, and related

75

2

22

1

[1]

    Management, business, and financial

77

1

20

1

[1]

    Professional and related

73

2

23

1

[1]

Service

53

43

2

Sales and office

64

2

32

2

[1]

    Sales and related

60

2

35

3

1

    Office and administrative support

66

2

31

Natural resources, construction, and maintenance

40

55

4

    Construction, extraction, farming, fishing, and
     forestry

22

72

4

    Installation, maintenance, and repair

51

45

4

Production, transportation, and material moving

50

1

44

5

[1]

    Transportation and material moving

51

43

4

Full time

63

1

33

2

[1]

Part time

55

38

6

Nonunion

65

2

32

1

[1]

Average wage within the following categories:2

         

    Lowest 25 percent

49

47

3

        Lowest 10 percent

46

51

3

    Second 25 percent

55

1

41

3

[1]

    Third 25 percent

61

1

36

2

[1]

    Highest 25 percent

73

2

23

2

[1]

        Highest 10 percent

77

3

18

2

[1]

Establishment characteristics

         

Goods-producing industries

50

1

44

4

[1]

    Construction

21

76

2

    Manufacturing

57

2

37

5

[1]

Service-providing industries

65

1

31

2

[1]

    Trade, transportation, and utilities

55

2

38

4

1

        Wholesale trade

58

35

5

        Retail trade

51

3

41

5

1

        Transportation and warehousing

57

2

40

        Utilities

76

3

21

    Information

88

8

    Financial activities

76

1

22

1

[1]

        Finance and insurance

81

1

16

1

1

            Credit intermediation and related activities

86

1

12

            Insurance carriers and related activities

75

1

22

        Real estate and rental and leasing

46

53

    Professional and business services

70

2

27

        Professional and technical services

72

25

    Education and health services

68

29

2

        Educational services

69

1

29

1

[1]

            Junior colleges, colleges, and universities

73

1

24

1

[1]

        Health care and social assistance

68

29

2

    Leisure and hospitality

53

46

        Accommodation and food services

50

49

1 to 99 workers

50

[1]

47

2

[1]

    1 to 49 workers

49

[1]

48

2

[1]

    50 to 99 workers

52

46

2

100 workers or more

70

2

25

3

[1]

    100 to 499 workers

64

2

31

3

[1]

    500 workers or more

77

2

19

3

[1]

Geographic areas

         

Northeast

69

2

27

    New England

74

2

23

    Middle Atlantic

67

28

2

South

62

1

34

2

[1]

    South Atlantic

64

2

32

2

[1]

    East South Central

59

37

2

    West South Central

61

1

36

2

[1]

Midwest

56

1

38

4

[1]

    East North Central

55

2

40

3

[1]

    West North Central

59

1

36

4

[1]

West

63

1

34

2

[1]

    Mountain

61

2

37

    Pacific

64

32

3

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
wage data for March 2015.


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/glossary20142015.htm.