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Employee Benefits Survey
EBS EBS Program Links

Life insurance plans: Method of benefit payment

Table 18. Life insurance plans: Method of benefit payment, private industry workers,
March 2016
(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
2
34
2
[1]
Worker characteristics
         
Management, professional, and related
72
1
25
1
[1]
    Management, business, and financial
75
2
22
1
1
    Professional and related
70
1
27
1
[1]
Service
56
42
2
    Protective service
47
52
Sales and office
64
2
32
1
1
    Sales and related
60
34
2
    Office and administrative support
66
2
31
Natural resources, construction, and maintenance
41
1
56
2
[1]
    Construction, extraction, farming, fishing, and
     forestry
22
74
4
Production, transportation, and material moving
53
1
42
3
1
    Transportation and material moving
55
2
40
2
1
Full time
63
2
34
1
1
Part time
55
38
5
Union
46
1
45
6
1
Nonunion
65
2
32
1
[1]
Average wage within the following categories:2
         
    Lowest 25 percent
49
1
47
2
1
        Lowest 10 percent
41
54
3
    Second 25 percent
58
1
39
1
[1]
    Third 25 percent
60
1
36
2
1
    Highest 25 percent
71
2
25
2
[1]
        Highest 10 percent
76
3
20
1
1
Establishment characteristics
         
Goods-producing industries:
     Construction
21
76
2
Service-providing industries
65
2
31
1
1
    Trade, transportation, and utilities
57
2
37
3
1
        Retail trade
53
3
39
4
1
        Transportation and warehousing
60
38
        Utilities
77
5
19
    Financial activities
79
1
19
[1]
1
        Finance and insurance
82
2
16
            Credit intermediation and related activities
84
13
            Insurance carriers and related activities
80
1
18
        Real estate and rental and leasing
63
36
    Professional and business services
65
2
33
        Professional and technical services
63
34
    Education and health services
67
30
2
        Educational services
63
34
1
            Junior colleges, colleges, and universities
71
25
2
        Health care and social assistance
68
30
2
    Leisure and hospitality
52
48
        Accommodation and food services
50
50
1 to 99 workers
50
47
1
    1 to 49 workers
52
[1]
46
1
1
    50 to 99 workers
47
49
2
100 workers or more
70
2
26
2
[1]
    100 to 499 workers
64
3
31
2
[1]
    500 workers or more
78
1
19
2
[1]
Geographic areas
         
Northeast
69
26
2
    New England
71
2
26
    Middle Atlantic
69
27
3
South
63
2
33
1
1
    South Atlantic
67
2
30
1
[1]
    East South Central
55
37
    West South Central
61
1
36
Midwest
58
1
38
3
[1]
    East North Central
57
1
39
2
1
West
58
2
38
1
[1]
    Mountain
59
1
39
    Pacific
58
38
2
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 2016.

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/glossary20152016.htm.

Source: Bureau of Labor Statistics, National Compensation Survey.