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Insurance Underwriter, Life Salary

The average salary for an Insurance Underwriter, Life is $51,941 per year. Most people move on to other jobs if they have more than 20 years' experience in this career.
$39,294 - $78,492
(Median)
39K
52K
68K
78K
MEDIAN: $51,940
10%
50%
75%
90%

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$11.70 - $33.00
(Median)
12
15
26
33
MEDIAN: $16.00
10%
25%
75%
90%

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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$28K$56K$84K
Salary
$39,294 - $78,492  
   
Bonus
$0.00 - $9,899  
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).
)
$37,449 - $82,285  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 139
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$15$30$45
Hourly Rate
$11.70 - $33.00  
   
Overtime
$16.75 - $44.50  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30K$60K$90K
Bonus
$0.00 - $9,899  
   
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).
)
$37,449 - $82,285  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 14
United States (change)

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

Experience Affects Insurance Underwriter, Life Salaries


Late-Career
up arrow 20%


National Average
$54,000

Entry-Level
up arrow 13%

Skills That Affect Insurance Underwriter, Life Salaries

Microsoft Excel
up arrow 4%

Microsoft Word
up arrow 2%

Microsoft Office
0%

National Average
$54,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 37 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

Less than 1 year
4%
1-4 years
28%
5-9 years
33%
10-19 years
27%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 80%
vision benefits Vision: 55% employee benefits None: 10%