The average salary for an Insurance Underwriter, Life is $53,889 per year.

$39,861 - $84,624
(Median)
$40K
$54K
$85K
MEDIAN: $53,889
10%
50%
90%

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$15.46 - $38.78
(Median)
$15
$21
$39
MEDIAN: $21.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$30K$60K$90K
Salary
$39,861 - $84,624  
   
Bonus
$996 - $10,256  
Profit Sharing
$400.00  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$39,294 - $89,186  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 91
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$15$30$45
Hourly Rate
$15.46 - $38.78  
   
Overtime
$27.23  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$30K$60K$90K
Bonus
$996 - $10,256  
   
Profit Sharing
$400.00  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$39,294 - $89,186  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 13
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Job Description for Insurance Underwriter, Life

An insurance underwriter, life is responsible for determining if and under what terms an applicant for life insurance will be insured. An insurance underwriter, life primarily work indoors with computer programs that help he or she determine the risk of insuring an applicant. Some factors an insurance underwriter, life may take into account in insuring an applicant are age, health, and financial history. The terms the underwriter determines for the applicant include the premium that will be charged and the amount of coverage.

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Insurance Underwriter, Life Tasks

  • Manage underwriting territory and select new business based on analysis of their profitability.
  • Analyze new and renewal business, data, claim history, loss experience, and outcome of liability decisions.
  • Underwrite, submit, approve or pend loans, and present decisions to management.
  • Monitor existing policies for compliance with company guidelines.

Insurance Underwriter Job Listings

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Popular Employer Salaries for Insurance Underwriter, Life

Popular Skills for Insurance Underwriter, Life

Pay by Experience Level for Insurance Underwriter, Life

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Related Job Salaries

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Experience Affects Insurance Underwriter, Life Salaries

Late-Career
up arrow 49%



National Average
$54,000


Skills That Affect Insurance Underwriter, Life Salaries

National Average
$54,000

Microsoft Office
up arrow 2%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.

Gender

Female
60 %
Male
40 %

Years of Experience

Less than 1 year
13%
1-4 years
26%
5-9 years
22%
10-19 years
25%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 80%
medical benefits
Vision: 64%
dental benefits
None: 9%
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