Table 14. Life insurance plans: Method of benefit payment, private industry workers,
National Compensation Survey, March 2008

(All workers with basic life insurance coverage = 100 percent)

Characteristics

Basic life insurance method of payment

Fixed
multiple of
earnings

Variable
multiple of
earnings

Flat dollar
amount

Variable
dollar
amount

Other

All workers

56

3

37

3

1

Worker characteristics

Management, professional, and related

70

4

23

1

1

    Management, business, and financial

71

5

22

1

1

    Professional and related

70

4

23

1

2

Service

49

1

46

4

1

Sales and office

61

2

34

2

1

    Sales and related

57

1

39

2

1

    Office and administrative support

64

3

31

2

1

Natural resources, construction, and maintenance

34

2

59

4

    Construction, extraction, farming, fishing, and
     forestry

17

76

4

    Installation, maintenance, and repair

48

3

45

5

Production, transportation, and material moving

42

2

48

7

1

    Production

40

2

49

8

1

    Transportation and material moving

45

2

47

5

1

Full time

56

3

37

3

1

Part time

50

1

44

3

2

Union

38

2

48

11

1

Nonunion

59

3

35

2

1

Average wage within the following percentiles:2

    Less than 10

44

49

6

    10 to under 25

47

1

47

4

    25 to under 50

53

2

42

3

1

    50 to under 75

52

2

41

3

1

    75 to under 90

60

3

30

5

1

    90 or greater

70

6

21

1

2

Establishment characteristics

Goods-producing industries

41

3

49

6

1

    Construction

14

82

3

    Manufacturing

47

3

42

7

1

Service-providing industries

61

3

33

2

1

    Trade, transportation, and utilities

53

2

41

3

1

        Wholesale trade

47

4

44

4

        Retail trade

51

1

45

2

1

        Transportation and warehousing

58

4

33

3

        Utilities

81

3

15

    Information

83

4

11

    Financial activities

79

3

16

1

1

        Finance and insurance

82

3

12

1

1

            Credit intermediation and related activities

86

4

8

1

1

            Insurance carriers and related activities

77

4

17

1

1

        Real estate and rental and leasing

58

41

    Professional and business services

60

4

34

1

        Professional and technical services

65

2

32

        Administrative and waste services

44

51

    Education and health services

62

2

31

3

1

        Educational services

59

29

3

3

            Junior colleges, colleges, and universities

63

24

2

3

        Health care and social assistance

63

2

32

3

    Leisure and hospitality

54

40

6

        Accommodation and food services

53

40

6

    Other services

40

55

1 to 99 workers

43

2

52

3

1

    1 to 49 workers

43

2

52

2

1

    50 to 99 workers

43

1

51

3

1

100 workers or more

64

3

28

4

1

    100 to 499 workers

58

3

35

2

1

    500 workers or more

69

4

21

5

1

Geographic areas

Metropolitan areas

57

3

36

3

1

Nonmetropolitan areas

49

2

42

6

New England

66

6

24

2

Middle Atlantic

60

33

4

1

East North Central

51

3

41

5

1

West North Central

52

3

42

1

1

South Atlantic

57

2

37

2

1

East South Central

51

38

9

West South Central

58

4

35

2

1

Mountain

54

2

42

Pacific

57

2

37

3

2

1Less than 0.5 percent.

2The percentile groupings are based on the average wage for each occupation surveyed, which may include workers both above and below the threshold. The percentile values are based on the estimates published in the "National Compensation Survey:
Occupational Earnings in the United States, 2007." See Technical Note for more details.

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.