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Employee Benefits Survey
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Life insurance plans: Maximum benefit amount

Table 20. Life insurance plans: Maximum benefit amounts, private industry workers, March 2017
(All workers with fixed multiple of earnings formula life insurance coverage = 100 percent)
Characteristics With
maximum
benefit
amount
Maximum benefit amount1 With no
maximum
benefit
amount
10th
percentile
25th
percentile
50th
percentile
(median)
75th
percentile
90th
percentile
All workers
80
$50,000
$70,000
$250,000
$600,000
$1,000,000
20
Worker characteristics
             
Management, professional, and related
81
50,000
100,000
1,000,000
19
    Management, business, and financial
82
50,000
100,000
300,000
750,000
2,000,000
18
    Professional and related
81
50,000
100,000
350,000
1,000,000
19
Service
83
50,000
50,000
500,000
1,000,000
17
Sales and office
84
50,000
50,000
200,000
500,000
1,000,000
16
    Sales and related
85
50,000
50,000
500,000
1,000,000
15
    Office and administrative support
83
50,000
200,000
500,000
1,000,000
17
Production, transportation, and material moving
69
50,000
70,000
500,000
1,000,000
31
    Transportation and material moving
71
50,000
100,000
300,000
29
Full time
80
50,000
70,000
250,000
600,000
1,000,000
20
Part time
68
50,000
500,000
1,000,000
32
Union
68
50,000
500,000
1,000,000
32
Nonunion
81
50,000
250,000
600,000
1,000,000
19
Average wage within the following categories:2
             
    Lowest 25 percent
77
50,000
50,000
300,000
500,000
1,000,000
23
        Lowest 10 percent
90
50,000
10
    Second 25 percent
81
50,000
50,000
150,000
500,000
1,000,000
19
    Third 25 percent
79
50,000
200,000
500,000
1,000,000
21
    Highest 25 percent
79
50,000
100,000
375,000
1,000,000
2,000,000
21
        Highest 10 percent
80
50,000
100,000
300,000
1,000,000
2,000,000
20
Establishment characteristics
             
Goods-producing industries:
      Construction
76
50,000
50,000
24
Service-providing industries
82
50,000
250,000
1,000,000
18
    Trade, transportation, and utilities
76
50,000
50,000
100,000
500,000
1,000,000
24
        Wholesale trade
85
50,000
200,000
500,000
1,000,000
15
        Retail trade
74
50,000
50,000
50,000
500,000
26
        Transportation and warehousing
74
50,000
100,000
300,000
500,000
26
        Utilities
66
50,000
1,000,000
34
    Financial activities
85
50,000
100,000
300,000
750,000
2,000,000
15
        Finance and insurance
83
50,000
100,000
300,000
1,000,000
2,000,000
17
            Credit intermediation and related activities
89
50,000
100,000
300,000
700,000
2,000,000
11
            Insurance carriers and related activities
71
100,000
200,000
500,000
1,000,000
2,000,000
29
    Professional and business services
88
50,000
12
        Professional and technical services
89
50,000
750,000
1,000,000
11
    Education and health services
82
50,000
100,000
250,000
500,000
1,000,000
18
        Educational services
88
50,000
50,000
200,000
500,000
12
            Junior colleges, colleges, and universities
91
50,000
50,000
200,000
500,000
500,000
9
        Health care and social assistance
82
50,000
100,000
250,000
500,000
1,000,000
18
    Leisure and hospitality
86
1,000,000
14
1 to 99 workers
81
50,000
50,000
200,000
500,000
1,000,000
19
    1 to 49 workers
85
50,000
50,000
500,000
1,000,000
15
    50 to 99 workers
75
50,000
200,000
500,000
1,000,000
25
100 workers or more
79
50,000
90,000
300,000
750,000
21
    100 to 499 workers
78
50,000
200,000
500,000
22
    500 workers or more
80
50,000
100,000
400,000
1,000,000
1,500,000
20
Geographic areas
             
Northeast
79
50,000
200,000
500,000
1,000,000
21
    Middle Atlantic
78
50,000
250,000
500,000
1,000,000
22
South
81
50,000
250,000
19
    South Atlantic
82
50,000
300,000
2,000,000
18
    East South Central
78
50,000
500,000
1,000,000
22
    West South Central
80
50,000
200,000
500,000
1,000,000
20
Midwest
80
50,000
70,000
250,000
500,000
20
    East North Central
82
50,000
100,000
250,000
700,000
18
West
79
50,000
250,000
1,000,000
1,200,000
21
    Mountain
81
50,000
1,000,000
1,000,000
19
    Pacific
77
50,000
200,000
23
1The 10th, 25th, 50th, 75th, and 90th percentiles designate position within each published series. For example, at the 50th percentile or median, half of the
participating workers receive the same as or more than the benefit shown, and half receive the same as or less than the benefit shown. At the 25th percentile,
one-fourth of the participating workers receive the same or less than the benefit shown. The remaining percentiles follow the same logic.
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 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.