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Employee Benefits Survey
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Standard Errors
Life insurance plans: Fixed multiple of annual earnings benefit formulas

Table 19. Standard errors for life insurance plans: Fixed multiple of annual earnings benefit formulas,
private industry workers, March 2018
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
0.2
1.3
0.7
1.1
0.5
[2]
0.0
Worker characteristics
             
Management, professional, and related
0.1
1.7
0.8
1.5
0.8
[2]
0.0
    Management, business, and financial
0.1
2.3
0.8
2.0
0.9
[2]
0.0
    Professional and related
2.3
1.2
2.0
[2]
0.0
Service
3.9
1.3
3.5
[2]
0.0
    Protective service
4.3
2.4
[2]
0.0
Sales and office
0.3
1.9
1.1
1.5
1.0
[2]
0.0
    Sales and related
2.4
2.0
2.0
[2]
0.0
    Office and administrative support
0.2
2.3
1.1
1.7
1.4
[2]
0.0
Natural resources, construction, and
 maintenance:
  Construction, extraction, farming, fishing, and
  forestry
5.4
3.6
[2]
0.0
Production, transportation, and material moving
2.6
2.0
1.6
[2]
0.0
    Production
3.0
1.9
2.4
[2]
0.0
    Transportation and material moving
4.1
3.3
2.1
[2]
0.0
Full time
0.1
1.3
0.7
1.1
0.5
[2]
0.0
Part time
4.9
1.6
5.0
[2]
0.0
Union
3.7
1.0
2.6
0.1
0.0
Nonunion
0.2
1.3
0.7
1.2
0.4
[2]
0.0
Average wage within the following categories:3
             
    Lowest 25 percent
3.5
1.5
3.3
[2]
0.0
        Lowest 10 percent
6.1
1.3
0.1
0.0
    Second 25 percent
0.2
1.9
1.2
1.2
0.8
[2]
0.0
    Third 25 percent
0.4
1.7
1.0
1.2
0.7
[2]
0.0
    Highest 25 percent
0.1
1.5
0.7
1.5
0.6
[2]
0.0
        Highest 10 percent
2.3
0.8
2.5
[2]
0.0
Establishment characteristics
             
Goods-producing industries:
      Construction
5.7
0.1
0.0
Service-providing industries
0.2
1.5
0.8
1.2
0.6
[2]
0.0
    Trade, transportation, and utilities
2.4
1.8
1.3
[2]
0.0
        Wholesale trade
3.9
2.7
3.0
[2]
0.1
        Retail trade
1.9
1.3
1.4
[2]
0.0
        Transportation and warehousing
5.7
4.2
0.9
[2]
0.0
        Utilities
4.3
3.8
0.8
[2]
0.0
    Information
4.8
3.6
2.3
0.1
0.0
    Financial activities
0.1
1.5
0.9
1.6
0.7
[2]
0.0
        Finance and insurance
0.1
1.5
0.8
1.5
0.8
[2]
0.0
            Credit intermediation and related activities
2.4
2.0
1.2
[2]
0.0
            Insurance carriers and related activities
2.4
2.7
1.3
[2]
0.0
        Real estate and rental and leasing
6.3
0.1
0.0
    Professional and business services
3.5
1.5
3.4
1.7
[2]
0.0
        Professional and technical services
3.7
1.8
3.8
2.4
[2]
0.0
        Administrative and waste services
7.9
2.3
6.7
0.1
0.0
    Education and health services
3.9
1.7
2.9
[2]
0.0
        Educational services
3.8
1.7
3.3
[2]
0.0
            Junior colleges, colleges, and universities
3.1
1.8
2.7
[2]
0.0
        Health care and social assistance
4.4
1.9
3.3
[2]
0.0
    Leisure and hospitality
6.7
0.1
0.0
        Accommodation and food services
2.8
[2]
0.0
    Other services
7.7
6.7
0.1
1 to 99 workers
0.4
2.5
1.3
2.1
0.7
[2]
0.0
    1 to 49 workers
0.2
3.2
1.7
2.4
0.6
[2]
0.0
    50 to 99 workers
3.8
2.7
3.1
[2]
0.0
100 workers or more
1.3
0.7
1.1
[2]
0.0
    100 to 499 workers
1.8
0.9
1.7
[2]
0.0
    500 workers or more
1.8
1.0
1.6
[2]
0.0
Geographic areas
             
Northeast
3.6
1.2
2.9
[2]
0.0
    New England
7.0
3.3
6.3
0.1
0.0
    Middle Atlantic
3.8
1.4
3.0
[2]
0.0
South
0.4
1.9
1.3
1.8
0.7
[2]
0.0
    South Atlantic
0.7
3.4
1.9
2.5
1.0
[2]
0.0
    East South Central
2.4
2.7
3.1
0.8
[2]
0.0
    West South Central
1.8
1.8
3.2
[2]
0.0
Midwest
1.8
1.3
1.2
[2]
0.0
    East North Central
1.8
1.3
1.3
0.9
[2]
0.0
    West North Central
3.9
2.3
0.8
[2]
0.0
West
0.1
3.1
1.4
3.0
2.0
[2]
0.0
    Mountain
6.5
2.8
4.2
0.1
0.0
    Pacific
3.0
1.5
4.0
[2]
0.0
1Includes participants in plans in which insurance equaled a multiple of earnings plus or minus a specified amount.
2Less than 0.05.
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 2018.

Note: 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.