December 15, 2011

% of Employees with Life Insurance Benefits at Work

The BLS has data on benefits offered by employers.    They break down the insurance benefits offered by employers for private jobs.

58% of all private employees have access to life insurance coverage through work.  
56% of employees participate in the insurance plans.   

5% of employees have a contribution requirement for their benefit.  

The method of benefit for the insurance plans are :


Fixed multiple of annual earnings 59%
variable multiple of annual earnings 2%
flat dollar  36%
variable dollar 2%
other 1%


Broken down various other ways the % of employees with access to life insurance for various groups are :



access participation take up rate
size of business


1 to 49 37% 35% 95%
50 to 99 55% 53% 97%
100 to 499 70% 67% 96%
500 plus 86% 84% 99%








full time 73% 71% 97%
part time 14% 13% 91%
union  83% 81% 98%
nonunion 55% 53% 96%
Average wages


lowest 10%  25% 22% 91%
lowest 25% 13% 12% 90%
second 25% 61% 59% 95%
third 25% 71% 69% 97%
highest 25% 81% 80% 99%
highest 10% 85% 84% 99%
Industries


Construction 46% 44%
manufacturing 81% 80%
retail trade 47% 42%
utilities 92% 92%
finance and insurance 87% 78%
colleges 86% 85%
leisure / hospitality 21% 19%
prof tech services 71% 71%

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