Table 15. Life insurance plans: Fixed multiple of earnings benefit formulas, civilian workers,1 National
Compensation Survey, March 2008

(All workers with fixed multiple of earnings formula life insurance coverage = 100 percent)

Characteristics

Mean
multiple of
earnings

Median
multiple of
earnings

Multiple of earnings amounts2

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

1.4

1.0

1

55

15

25

4

Worker characteristics

Management, professional, and related

1.4

1.0

1

50

16

28

5

    Management, business, and financial

1.5

1.5

1

48

17

29

5

    Professional and related

1.4

1.0

1

51

16

27

5

        Teachers

1.5

1.5

47

21

27

4

            Primary, secondary, and special education
             school teachers

1.4

49

23

25

3

        Registered nurses

1.3

1.0

67

12

15

Service

1.4

1.0

1

57

19

19

3

Sales and office

1.4

1.0

1

61

12

23

4

    Sales and related

1.3

1.0

72

7

17

3

    Office and administrative support

1.4

1.0

1

56

13

25

4

Natural resources, construction, and maintenance

1.4

1.0

1

61

9

26

3

    Construction, extraction, farming, fishing, and
     forestry

1.5

51

10

37

3

    Installation, maintenance, and repair

1.3

1.0

1

65

8

22

3

Production, transportation, and material moving

1.4

1.0

2

54

16

25

3

    Production

1.4

2

49

14

31

4

    Transportation and material moving

1.3

1.0

2

60

19

17

2

Full time

1.4

1.0

1

55

15

25

4

Part time

1.3

1.0

1

64

13

18

4

Union

1.3

1.0

2

60

18

16

5

Nonunion

1.4

1.0

1

54

14

27

4

Average wage within the following percentiles:4

    Less than 10

1.4

47

    10 to under 25

1.3

1.0

66

13

19

3

    25 to under 50

1.3

1.0

1

60

15

21

3

    50 to under 75

1.4

1.0

1

53

16

26

4

    75 to under 90

1.4

1.0

1

55

12

28

4

    90 or greater

1.5

1.5

1

46

15

31

7

Establishment characteristics

Goods-producing industries

1.5

1.5

2

46

14

32

6

Service-providing industries

1.4

1.0

1

57

15

24

4

    Education and health services

1.3

1.0

1

57

18

21

3

        Educational services

1.5

1.5

1

45

20

29

5

            Elementary and secondary schools

1.5

1.5

44

23

30

3

            Junior colleges, colleges, and universities

1.5

1.5

3

45

16

28

        Health care and social assistance

1.3

1.0

1

64

16

16

            Hospitals

1.2

1.0

71

11

14

    Public administration

1.5

49

25

18

7

1 to 99 workers

1.4

1.0

1

55

14

26

5

    1 to 49 workers

1.4

1.0

53

14

28

5

    50 to 99 workers

1.4

1.0

1

58

16

20

5

100 workers or more

1.4

1.0

1

55

15

25

4

    100 to 499 workers

1.4

1.0

58

13

24

4

    500 workers or more

1.4

1.0

2

53

16

26

4

Geographic areas

New England

1.3

1.0

3

62

9

22

4

Middle Atlantic

1.4

1.0

3

55

18

21

4

East North Central

1.4

1.0

1

55

15

25

4

West North Central

1.4

1.0

58

15

20

South Atlantic

1.4

1.0

1

55

15

26

3

East South Central

1.4

1.5

46

24

27

3

West South Central

1.4

1.0

53

11

33

3

Mountain

1.3

1.0

65

11

21

2

Pacific

1.4

1.0

1

53

12

27

7

1Includes workers in the private nonfarm economy except those in private households, and workers in the public sector, except the federal 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 percent.

4The 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.