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Life insurance plans: Flat-dollar amount benefit formulas Data Table
Table 16. Life insurance plans: Flat-dollar amount benefit formulas,1 private industry
workers, National Compensation Survey, March 2008
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(Includes workers participating in life insurance plans with flat-dollar amount formulas)
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Characteristics
|
Flat dollar amounts2
|
10th
percentile
|
25th
percentile
|
50th
percentile
(median)
|
75th
percentile
|
90th
percentile
|
All workers
|
$6,000 |
$10,000 |
$15,000 |
$25,000 |
$50,000 |
Worker characteristics
|
|
|
|
|
|
Management, professional, and related
|
10,000 |
10,000 |
20,000 |
50,000 |
50,000 |
Management, business, and financial
|
10,000 |
10,000 |
20,000 |
50,000 |
50,000 |
Professional and related
|
10,000 |
10,000 |
20,000 |
50,000 |
50,000 |
Service
|
5,000 |
10,000 |
10,000 |
15,000 |
30,000 |
Sales and office
|
6,000 |
10,000 |
15,000 |
25,000 |
50,000 |
Sales and related
|
5,000 |
10,000 |
15,000 |
20,000 |
40,000 |
Office and administrative support
|
10,000 |
10,000 |
20,000 |
25,000 |
50,000 |
Natural resources, construction, and maintenance
|
10,000 |
10,000 |
15,000 |
25,000 |
50,000 |
Construction, extraction, farming, fishing, and
forestry
|
7,500 |
10,000 |
15,000 |
25,000 |
50,000 |
Installation, maintenance, and repair
|
10,000 |
10,000 |
15,000 |
25,000 |
50,000 |
Production, transportation, and material moving
|
10,000 |
10,000 |
15,000 |
25,000 |
46,000 |
Production
|
10,000 |
10,000 |
19,000 |
25,000 |
46,000 |
Transportation and material moving
|
5,000 |
10,000 |
15,000 |
25,000 |
45,000 |
Full time
|
10,000 |
10,000 |
15,000 |
25,000 |
50,000 |
Part time
|
5,000 |
5,000 |
10,000 |
15,000 |
20,000 |
Union
|
5,000 |
10,000 |
15,000 |
26,000 |
50,000 |
Nonunion
|
10,000 |
10,000 |
15,000 |
25,000 |
50,000 |
Establishment characteristics
|
|
|
|
|
|
Goods-producing industries
|
10,000 |
10,000 |
20,000 |
25,000 |
50,000 |
Construction
|
7,500 |
10,000 |
15,000 |
25,000 |
50,000 |
Manufacturing
|
10,000 |
10,500 |
20,000 |
25,000 |
50,000 |
Service-providing industries
|
$5,000 |
$10,000 |
$15,000 |
$25,000 |
$50,000 |
Trade, transportation, and utilities
|
5,000 |
10,000 |
15,000 |
25,000 |
50,000 |
Wholesale trade
|
10,000 |
15,000 |
20,000 |
30,000 |
50,000 |
Retail trade
|
5,000 |
10,000 |
10,000 |
20,000 |
25,000 |
Transportation and warehousing
|
10,000 |
10,000 |
15,000 |
25,000 |
50,000 |
Utilities
|
10,000 |
10,000 |
20,000 |
45,000 |
50,000 |
Information
|
1,000 |
10,000 |
15,000 |
25,000 |
50,000 |
Financial activities
|
10,000 |
15,000 |
25,000 |
50,000 |
50,000 |
Finance and insurance
|
10,000 |
15,000 |
30,000 |
50,000 |
50,000 |
Credit intermediation and related activities
|
10,000 |
20,000 |
50,000 |
50,000 |
75,000 |
Insurance carriers and related activities
|
10,000 |
15,000 |
20,000 |
50,000 |
50,000 |
Real estate and rental and leasing
|
10,000 |
10,000 |
20,000 |
40,000 |
50,000 |
Professional and business services
|
5,000 |
10,000 |
15,000 |
30,000 |
50,000 |
Professional and technical services
|
15,000 |
20,000 |
25,000 |
50,000 |
50,000 |
Administrative and waste services
|
5,000 |
5,000 |
10,000 |
15,000 |
30,000 |
Education and health services
|
6,000 |
10,000 |
15,000 |
25,000 |
50,000 |
Educational services
|
10,000 |
12,000 |
25,000 |
40,000 |
50,000 |
Junior colleges, colleges, and universities
|
5,000 |
10,000 |
20,000 |
50,000 |
50,000 |
Health care and social assistance
|
6,000 |
10,000 |
12,500 |
20,000 |
50,000 |
Leisure and hospitality
|
5,000 |
10,000 |
10,000 |
15,000 |
25,000 |
Accommodation and food services
|
5,000 |
10,000 |
10,000 |
10,000 |
25,000 |
Other services
|
10,000 |
10,000 |
15,000 |
25,000 |
50,000 |
1 to 99 workers
|
10,000 |
10,000 |
15,000 |
25,000 |
50,000 |
1 to 49 workers
|
10,000 |
10,000 |
15,000 |
25,000 |
50,000 |
50 to 99 workers
|
5,000 |
10,000 |
15,000 |
25,000 |
50,000 |
100 workers or more
|
6,000 |
10,000 |
15,000 |
25,000 |
50,000 |
100 to 499 workers
|
7,500 |
10,000 |
15,000 |
25,000 |
50,000 |
500 workers or more
|
5,000 |
10,000 |
15,000 |
32,000 |
50,000 |
Geographic areas
|
|
|
|
|
|
Metropolitan areas
|
6,000 |
10,000 |
15,000 |
25,000 |
50,000 |
Nonmetropolitan areas
|
10,000 |
10,000 |
15,000 |
25,000 |
50,000 |
New England
|
10,000 |
12,000 |
21,000 |
50,000 |
50,000 |
Middle Atlantic
|
5,000 |
10,000 |
20,000 |
26,000 |
50,000 |
East North Central
|
7,000 |
10,000 |
15,000 |
25,000 |
50,000 |
West North Central
|
10,000 |
10,000 |
19,000 |
30,000 |
50,000 |
South Atlantic
|
5,000 |
10,000 |
15,000 |
25,000 |
50,000 |
East South Central
|
10,000 |
10,000 |
15,000 |
20,000 |
50,000 |
West South Central
|
10,000 |
10,000 |
15,000 |
25,000 |
50,000 |
Mountain
|
10,000 |
10,000 |
15,000 |
25,000 |
30,000 |
Pacific
|
5,000 |
10,000 |
15,000 |
25,000 |
50,000 |
1Includes participants in plans providing a fixed benefit amount. Dollar amounts can-be-a flat amount or can vary by the employee’s earnings or length of service.
2The 10th, 25th, 50th, 75th, and 90th percentiles designate position within each published series. For example, at the 50th percentile or median, half of participating workers receive the same as or more than the amount shown, and half receive the same as or less than the amount shown. At the 25th percentile, one-fourth of participating workers receive the same or less than the amount shown. The remaining percentiles follow the same logic.
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