Insurance Underwriter, Life Salary

An Insurance Underwriter, Life earns an average salary of $53,641 per year. Pay for this job rises steadily for more experienced workers, but goes down noticeably for the few employees with more than 20 years' experience. Most people move on to other jobs if they have more than 20 years' experience in this career.

$39,135 - $79,255
(Median)
$39K
$54K
$79K
MEDIAN: $53,640
10%
50%
90%

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$14.50 - $31.43
(Median)
$15
$22
$31
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$28K$56K$84K
Salary
$39,135 - $79,255  
   
Bonus
$0.00 - $11,478  
Profit Sharing
$700  
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).
)
$38,138 - $82,877  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 140
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
$14.50 - $31.43  
   
Overtime
$33.50  
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
$0.00 - $11,478  
   
Profit Sharing
$700  
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).
)
$38,138 - $82,877  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 17
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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 17%


National Average
$54,000


Skills That Affect Insurance Underwriter, Life Salaries

Microsoft Excel
0%

National Average
$54,000

Microsoft Word
up arrow 1%

Microsoft Office
up arrow 2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 25 votes.

Gender

Female
69 %
Male
31 %

Years of Experience

Less than 1 year
6%
1-4 years
23%
5-9 years
32%
10-19 years
29%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 80%
medical benefits
Vision: 58%
dental benefits
None: 9%
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