Subscribe to the Employee Benefits in the United States
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Standard Errors Life insurance plans: Maximum benefit amount
Table 21. Standard errors for life insurance plans: Maximum benefit amount, private industry workers, National Compensation Survey, March 2011
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Characteristics
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With maximum benefit amount
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Maximum benefit amount1
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With no maximum benefit amount
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10th percentile
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25th percentile
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50th percentile (median)
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75th percentile
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90th percentile
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Management, professional, and related
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Management, business, and financial
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Office and administrative support
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Natural resources, construction, and maintenance
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Construction, extraction, farming, fishing, and forestry
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Installation, maintenance, and repair
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Production, transportation, and material moving
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Transportation and material moving
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Average wage within the following categories:2
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Establishment characteristics
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Goods-producing industries
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Service-providing industries
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Trade, transportation, and utilities
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Transportation and warehousing
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Credit intermediation and related activities
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Insurance carriers and related activities
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Professional and business services
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Professional and technical services
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Administrative and waste services
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Education and health services
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Junior colleges, colleges, and universities
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Health care and social assistance
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Accommodation and food services
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1The 10th, 25th, 50th, 75th, and 90th percentiles designate position within each published series. For example, at the 50th percentile or median, half of the participating workers receive the same as or more than the benefit shown, and half receive the same as or less than the benefit shown. At the 25th percentile, one-fourth of the participating workers re
ceive the same or less than the benefit shown. The remaining percentiles follow the same logic.
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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/glossary20102011.htm.
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2The categories are based on the average wage for each occupation surveyed, which may include workers with earnings both above and below the threshold. The average wages are based on the estimates published in the "National Compensation Survey: Occupational Earnings in the United States, 2010." See Technical Note for more details.
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