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Employee Benefits Survey
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Life insurance plans: Fixed multiple of annual earnings benefit formulas

Table 19. Life insurance plans: Fixed multiple of annual earnings benefit formulas, private industry
workers,  National Compensation Survey, March 2015

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

Characteristics

Multiple of annual earnings amounts1

Mean
multiple of
annual
earnings

Median
multiple of
annual
earnings

Less than
1.0 times
earnings

1.0 times
earnings

Over 1.0
and under
2.0 times
earnings

2.0 times
earnings

Greater
than 2.0
times
earnings

All workers

1

63

9

23

4

1.4

1.0

Worker characteristics

             

Management, professional, and related

1

60

9

25

5

1.4

1.0

    Management, business, and financial

1

57

8

28

6

1.4

1.0

    Professional and related

62

9

23

1.4

1.0

Service

1

69

9

20

2

1.3

1.0

Sales and office

[2]

66

9

22

4

1.3

1.0

    Sales and related

73

8

18

1.3

1.0

    Office and administrative support

[2]

63

9

24

4

1.4

1.0

Natural resources, construction, and maintenance

1

64

10

22

2

1.3

1.0

    Construction, extraction, farming, fishing, and
     forestry

64

1.3

1.0

    Installation, maintenance, and repair

2

64

9

22

3

1.3

1.0

Production, transportation, and material moving

1

62

13

22

2

1.3

1.0

    Transportation and material moving

66

15

17

1.3

1.0

Full time

1

62

10

24

4

1.4

1.0

Part time

78

3

16

1.2

1.0

Nonunion

1

62

10

24

4

1.4

1.0

Average wage within the following categories:3

             

    Lowest 25 percent

71

7

19

1.3

1.0

        Lowest 10 percent

66

1.4

1.0

    Second 25 percent

1

69

10

18

2

1.3

1.0

    Third 25 percent

1

60

11

24

4

1.4

1.0

    Highest 25 percent

[2]

60

8

26

5

1.4

1.0

        Highest 10 percent

1

59

8

27

5

1.4

1.0

Establishment characteristics

             

Goods-producing industries

54

10

31

1.4

1.0

    Construction

73

7

1.2

1.0

    Manufacturing

53

10

32

1.4

1.0

Service-providing industries

1

65

9

22

4

1.3

1.0

    Trade, transportation, and utilities

1

66

12

20

2

1.3

1.0

        Wholesale trade

43

24

29

1.5

1.5

        Retail trade

83

4

13

1

1.2

1.0

        Transportation and warehousing

63

13

21

1.3

1.0

        Utilities

64

18

1.4

1.0

    Information

68

6

19

1.3

1.0

    Financial activities

62

7

26

1.4

1.0

        Finance and insurance

62

7

26

1.4

1.0

            Credit intermediation and related activities

62

7

24

6

1.4

1.0

            Insurance carriers and related activities

59

6

31

1.4

1.0

        Real estate and rental and leasing

64

1.3

1.0

    Professional and business services

58

10

25

1.4

1.0

        Professional and technical services

60

11

20

9

1.4

1.0

    Education and health services

69

9

18

1.3

1.0

        Educational services

57

14

21

1.4

1.0

            Junior colleges, colleges, and universities

53

14

22

1.4

1.0

        Health care and social assistance

71

8

18

1.3

1.0

    Leisure and hospitality

76

1.2

1.0

        Accommodation and food services

85

1.1

1.0

1 to 99 workers

[2]

60

10

25

4

1.4

1.0

    1 to 49 workers

62

9

24

1.4

1.0

    50 to 99 workers

55

14

28

1.4

1.0

100 workers or more

1

64

9

22

4

1.3

1.0

    100 to 499 workers

[2]

65

8

23

4

1.4

1.0

    500 workers or more

1

64

10

22

3

1.3

1.0

Geographic areas

             

Northeast

60

13

23

1.4

1.0

    New England

63

15

20

1.3

1.0

    Middle Atlantic

59

12

25

1.4

1.0

South

1

66

7

23

4

1.3

1.0

    South Atlantic

67

7

21

1.3

1.0

    East South Central

66

18

5

1.3

1.0

    West South Central

62

6

28

1.4

1.0

Midwest

59

11

26

1.4

1.0

    East North Central

58

12

25

1.4

1.0

    West North Central

59

8

27

1.4

1.0

West

66

9

21

1.3

1.0

    Mountain

73

12

1

1.2

1.0

    Pacific

62

6

26

1.4

1.0

1Includes participants in plans in which insurance equaled a multiple of earnings plus or minus a specified amount.

2Less than 0.5.

3Surveyed 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.