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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 2017
(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
5
1.4
1.0
Worker characteristics
             
Management, professional, and related
[2]
61
8
25
6
1.4
1.0
    Management, business, and financial
[2]
57
8
27
7
1.4
1.0
    Professional and related
[2]
63
8
23
5
1.4
1.0
Service
74
6
18
1.2
1.0
Sales and office
[2]
63
10
22
5
1.4
1.0
    Sales and related
67
11
20
1.3
1.0
    Office and administrative support
[2]
62
9
23
6
1.4
1.0
Natural resources, construction, and
 maintenance:
  Construction, extraction, farming, fishing, and
  forestry
65
2
1.3
1.0
Production, transportation, and material moving
61
11
24
1.4
1.0
    Transportation and material moving
68
14
15
1.2
1.0
Full time
1
62
9
23
5
1.4
1.0
Part time
74
4
20
1.3
1.0
Union
70
4
21
1.3
1.0
Nonunion
1
62
9
24
4
1.4
1.0
Average wage within the following categories:3
             
    Lowest 25 percent
72
7
19
1.3
1.0
        Lowest 10 percent
72
6
1.3
1.0
    Second 25 percent
[2]
69
8
18
4
1.3
1.0
    Third 25 percent
1
59
11
24
5
1.4
1.0
    Highest 25 percent
[2]
60
8
27
5
1.4
1.0
        Highest 10 percent
[2]
58
7
29
6
1.4
1.0
Establishment characteristics
             
Goods-producing industries:
      Construction
74
1.2
1.0
Service-providing industries
1
65
9
21
4
1.3
1.0
    Trade, transportation, and utilities
66
12
19
1.3
1.0
        Wholesale trade
46
27
25
1.4
1.5
        Retail trade
78
5
16
1.2
1.0
        Transportation and warehousing
66
11
17
1.3
1.0
        Utilities
61
28
7
1.4
1.0
    Financial activities
63
7
25
1.4
1.0
        Finance and insurance
62
6
26
1.4
1.0
            Credit intermediation and related activities
63
6
24
7
1.4
1.0
            Insurance carriers and related activities
61
6
30
1.4
1.0
        Real estate and rental and leasing
70
1.3
1.0
    Professional and business services
57
9
26
8
1.5
1.0
        Professional and technical services
52
25
13
1.6
    Education and health services
73
8
15
1.2
1.0
        Educational services
4
56
11
23
5
1.4
1.0
            Junior colleges, colleges, and universities
6
50
15
23
6
1.4
1.0
        Health care and social assistance
76
8
14
1.2
1.0
    Leisure and hospitality
80
1.2
1.0
        Accommodation and food services
94
1.0
1.0
1 to 99 workers
1
62
10
23
4
1.4
1.0
    1 to 49 workers
1
62
9
24
4
1.4
1.0
    50 to 99 workers
61
12
22
1.3
1.0
100 workers or more
[2]
63
8
23
5
1.4
1.0
    100 to 499 workers
62
8
24
1.4
1.0
    500 workers or more
1
65
9
23
3
1.3
1.0
Geographic areas
             
Northeast
1
60
12
24
3
1.4
1.0
    Middle Atlantic
1
59
10
27
3
1.4
1.0
South
1
64
8
23
5
1.4
1.0
    South Atlantic
1
64
7
22
5
1.4
1.0
    East South Central
65
20
1.4
1.0
    West South Central
64
7
26
1.4
1.0
Midwest
62
8
25
1.4
1.0
    East North Central
62
10
24
5
1.4
1.0
West
64
9
21
1.4
1.0
    Mountain
71
16
2
1.3
1.0
    Pacific
60
7
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 2017.

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/glossary20162017.htm.

Source: Bureau of Labor Statistics, National Compensation Survey.