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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, March 2016
(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
[2]
63
9
24
4
1.4
1.0
Worker characteristics
             
Management, professional, and related
[2]
60
8
25
6
1.4
1.0
    Management, business, and financial
[2]
56
8
28
7
1.5
1.0
    Professional and related
[2]
63
8
23
5
1.4
1.0
Service
75
5
18
1.2
1.0
    Protective service
73
1.2
1.0
Sales and office
[2]
63
9
23
4
1.4
1.0
    Sales and related
68
10
21
1.3
1.0
    Office and administrative support
[2]
61
9
23
6
1.4
1.0
Natural resources, construction, and maintenance
64
8
25
1.3
1.0
    Construction, extraction, farming, fishing, and
     forestry
62
2
1.3
1.0
Production, transportation, and material moving
60
12
25
1.4
1.0
    Transportation and material moving
67
13
18
1.3
1.0
Full time
[2]
62
9
24
4
1.4
1.0
Part time
75
4
18
1.2
1.0
Union
71
4
20
1.3
1.0
Nonunion
[2]
62
9
24
4
1.4
1.0
Average wage within the following categories:3
             
    Lowest 25 percent
72
6
19
1.3
1.0
        Lowest 10 percent
66
6
1.3
1.0
    Second 25 percent
[2]
69
9
18
3
1.3
1.0
    Third 25 percent
1
58
11
25
5
1.4
1.0
    Highest 25 percent
[2]
60
7
28
5
1.4
1.0
        Highest 10 percent
[2]
58
7
29
5
1.4
1.0
Establishment characteristics
             
Goods-producing industries:
     Construction
72
1.2
1.0
Service-providing industries
1
65
8
22
4
1.3
1.0
    Trade, transportation, and utilities
65
12
21
1.3
1.0
        Retail trade
79
4
16
1.2
1.0
        Transportation and warehousing
64
11
21
1.3
1.0
        Utilities
63
27
7
1.4
1.0
    Financial activities
63
6
26
1.4
1.0
        Finance and insurance
62
5
27
1.4
1.0
            Credit intermediation and related activities
64
6
24
7
1.4
1.0
            Insurance carriers and related activities
60
5
32
1.4
1.0
        Real estate and rental and leasing
71
1.3
1.0
    Professional and business services
55
9
28
8
1.5
1.0
        Professional and technical services
49
28
13
1.6
    Education and health services
1
73
8
15
3
1.2
1.0
        Educational services
4
56
11
23
6
1.4
1.0
            Junior colleges, colleges, and universities
7
48
15
23
7
1.4
1.0
        Health care and social assistance
76
7
14
1.2
1.0
    Leisure and hospitality
80
1.2
1.0
        Accommodation and food services
95
1.0
1.0
1 to 99 workers
1
61
9
25
5
1.4
1.0
    1 to 49 workers
61
9
26
1.4
1.0
    50 to 99 workers
61
11
23
1.4
1.0
100 workers or more
[2]
64
8
23
4
1.4
1.0
    100 to 499 workers
63
8
24
1.4
1.0
    500 workers or more
1
64
9
23
3
1.3
1.0
Geographic areas
             
Northeast
1
59
12
25
3
1.4
1.0
    New England
62
16
20
1.3
1.0
    Middle Atlantic
1
59
10
27
3
1.4
1.0
South
[2]
64
7
23
4
1.4
1.0
    South Atlantic
1
65
7
22
5
1.4
1.0
    East South Central
65
21
1.4
1.0
    West South Central
64
7
26
1.4
1.0
Midwest
61
8
26
1.4
1.0
    East North Central
62
9
24
5
1.4
1.0
West
64
8
22
1.4
1.0
    Mountain
70
17
1.2
1.0
    Pacific
61
6
24
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 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.