Life insurance plans: Fixed multiple of annual earnings benefit formulas

Table 19. Life insurance plans: Fixed multiple of annual earnings benefit formulas, civilian workers,1 March
2018
(All workers with fixed multiple of annual earnings formula life insurance coverage = 100 percent)
Characteristics Multiple of annual earnings amounts2 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
[3]
64
9
22
4
1.3
1.0
Worker characteristics
             
Management, professional, and related
[3]
61
10
25
5
1.4
1.0
    Management, business, and financial
1
58
8
27
6
1.4
1.0
    Professional and related
62
11
23
1.4
1.0
        Teachers
49
21
23
1.5
1.3
            Primary, secondary, and special education
             school teachers
49
25
21
5
1.5
1.3
        Registered nurses
82
8
8
1.1
1.0
Service
73
8
16
1.3
1.0
    Protective service
65
9
18
8
1.4
1.0
Sales and office
1
66
9
20
4
1.3
1.0
    Sales and related
71
9
18
1.3
1.0
    Office and administrative support
1
64
9
21
5
1.4
1.0
Natural resources, construction, and maintenance
64
8
23
1.4
1.0
    Construction, extraction, farming, fishing, and
     forestry
68
18
1.3
1.0
    Installation, maintenance, and repair
64
7
24
1.4
1.0
Production, transportation, and material moving
64
11
22
1.3
1.0
    Production
58
8
31
1.4
1.0
    Transportation and material moving
70
13
14
1.2
1.0
Full time
[3]
64
10
22
4
1.3
1.0
Part time
71
7
21
1.3
1.0
Union
65
14
16
1.3
1.0
Nonunion
1
64
9
23
4
1.3
1.0
Average wage within the following categories:4
             
    Lowest 25 percent
75
8
16
1.2
1.0
        Lowest 10 percent
73
5
20
1.3
1.0
    Second 25 percent
1
68
9
18
4
1.3
1.0
    Third 25 percent
1
62
10
23
4
1.4
1.0
    Highest 25 percent
[3]
60
9
26
4
1.4
1.0
        Highest 10 percent
57
9
28
1.4
1.0
Establishment characteristics
             
Service-providing industries
1
66
10
20
4
1.3
1.0
    Education and health services
67
11
17
1.3
1.0
        Educational services
49
19
24
1.5
1.0
            Elementary and secondary schools
48
23
24
6
1.5
1.3
            Junior colleges, colleges, and universities
49
15
25
1.4
1.0
        Health care and social assistance
75
8
14
1.2
1.0
            Hospitals
78
11
10
1
1.2
1.0
    Public administration
55
17
22
6
1.4
1.0
1 to 99 workers
1
63
11
21
4
1.3
1.0
    1 to 49 workers
1
63
10
22
4
1.3
1.0
    50 to 99 workers
61
12
20
1.4
1.0
100 workers or more
65
9
23
1.3
1.0
    100 to 499 workers
64
8
23
1.4
1.0
    500 workers or more
65
9
22
1.3
1.0
Geographic areas
             
Northeast
62
14
21
1.3
1.0
    New England
61
13
23
1.3
1.0
    Middle Atlantic
62
14
20
1.3
1.0
South
1
64
8
24
4
1.3
1.0
    South Atlantic
1
65
9
22
3
1.3
1.0
    East South Central
65
6
24
5
1.4
1.0
    West South Central
60
8
28
1.4
1.0
Midwest
67
10
20
1.3
1.0
    East North Central
68
9
19
4
1.3
1.0
    West North Central
64
20
5
1.3
1.0
West
[3]
64
7
24
5
1.4
1.0
    Mountain
71
7
21
1.3
1.0
    Pacific
60
7
26
1.4
1.0
1Includes workers in private industry and state and local government. See Technical Note for further explanation.
2Includes participants in plans in which insurance equaled a multiple of earnings plus or minus a specified amount.
3Less than 0.5.
4Surveyed 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 2018.

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/national-compensation-survey-glossary-of-employee-benefit-terms.htm.

Source: U.S. Bureau of Labor Statistics, National Compensation Survey.