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Employee Benefits Survey
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Standard Errors
Life insurance plans: Method of benefit payment

Table 18. Standard errors for life insurance plans: Method of benefit payment, private
industry workers,  National Compensation Survey, March 2015

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

0.9

0.2

0.8

0.2

0.1

Worker characteristics

          

Management, professional, and related

1.4

0.3

1.3

0.2

0.1

    Management, business, and financial

1.4

0.3

1.3

0.3

0.1

    Professional and related

2.0

0.3

1.8

0.3

0.1

Service

2.5

–

2.3

0.6

–

Sales and office

1.1

0.3

1.1

0.3

0.1

    Sales and related

1.7

0.4

1.5

0.6

0.3

    Office and administrative support

1.4

0.4

1.4

–

–

Natural resources, construction, and maintenance

2.1

–

2.0

0.8

–

    Construction, extraction, farming, fishing, and
     forestry

3.0

–

2.9

1.5

–

    Installation, maintenance, and repair

2.7

–

2.6

0.9

–

Production, transportation, and material moving

1.7

0.3

1.8

0.6

0.1

    Transportation and material moving

2.4

–

2.4

0.6

–

Full time

0.8

0.2

0.8

0.2

0.1

Part time

3.2

–

3.1

1.0

–

Nonunion

0.9

0.2

0.9

0.2

0.1

Average wage within the following categories:1

          

    Lowest 25 percent

2.0

–

2.1

0.5

–

        Lowest 10 percent

5.2

–

5.1

0.8

–

    Second 25 percent

1.7

0.2

1.7

0.5

0.1

    Third 25 percent

1.3

0.2

1.3

0.3

0.1

    Highest 25 percent

1.2

0.3

1.1

0.3

0.1

        Highest 10 percent

1.7

0.7

1.6

0.4

0.2

Establishment characteristics

          

Goods-producing industries

1.8

0.3

1.8

0.6

0.1

    Construction

2.9

–

3.0

0.6

–

    Manufacturing

1.9

0.3

1.9

0.8

0.2

Service-providing industries

1.0

0.2

0.9

0.2

0.1

    Trade, transportation, and utilities

1.6

0.4

1.4

0.5

0.2

        Wholesale trade

2.9

–

2.6

0.9

–

        Retail trade

1.9

0.5

1.8

0.8

0.3

        Transportation and warehousing

4.1

0.7

4.0

–

–

        Utilities

3.7

1.5

3.5

–

–

    Information

2.1

–

1.7

–

–

    Financial activities

1.8

0.2

1.8

0.5

0.2

        Finance and insurance

1.4

0.2

1.3

0.6

0.2

            Credit intermediation and related activities

1.7

0.3

1.4

–

–

            Insurance carriers and related activities

2.4

0.5

2.4

–

–

        Real estate and rental and leasing

7.1

–

7.2

–

–

    Professional and business services

2.1

0.8

1.9

–

–

        Professional and technical services

3.2

–

3.0

–

–

    Education and health services

2.5

–

2.2

0.6

–

        Educational services

2.6

0.3

2.6

0.3

0.1

            Junior colleges, colleges, and universities

2.7

0.5

2.7

0.4

0.1

        Health care and social assistance

2.7

–

2.5

0.7

–

    Leisure and hospitality

5.0

–

5.0

–

–

        Accommodation and food services

5.3

–

5.4

–

–

1 to 99 workers

1.5

0.1

1.4

0.3

0.1

    1 to 49 workers

1.5

0.2

1.5

0.4

0.1

    50 to 99 workers

2.9

–

2.8

0.4

–

100 workers or more

1.0

0.3

0.9

0.3

0.1

    100 to 499 workers

1.4

0.3

1.3

0.5

0.1

    500 workers or more

1.1

0.5

1.0

0.4

0.1

Geographic areas

          

Northeast

1.6

0.5

1.6

–

–

    New England

2.2

0.7

2.1

–

–

    Middle Atlantic

2.0

–

2.0

0.7

–

South

1.5

0.3

1.3

0.3

0.1

    South Atlantic

2.3

0.4

2.0

0.4

0.1

    East South Central

2.6

–

2.2

0.9

–

    West South Central

2.5

0.4

2.2

0.4

0.1

Midwest

2.0

0.3

2.0

0.6

0.1

    East North Central

2.7

0.4

2.8

0.5

0.1

    West North Central

2.5

0.2

2.2

1.5

0.1

West

1.7

0.3

1.7

0.3

0.2

    Mountain

2.9

0.6

3.1

–

–

    Pacific

2.1

–

2.0

0.5

–

1Surveyed 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: 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.