Insurance Underwriter, Life Salary

An Insurance Underwriter, Life earns an average salary of $55,061 per year. Experience has a moderate effect on income for this job.

$38,746 - $95,405
$39K
$56K
$95K
MEDIAN: $55,739
10%
50%
90%

Add this chart to your site: 640px    300px

$18.41 - $36.06
$18
$23
$36
MEDIAN: $23.21
10%
50%
90%

Add this chart to your site: 640px    300px

$0$98K
Salary $38,746 - $95,405
Bonus $970 - $9,817
Profit Sharing $500
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).
)
$40,130 - $98,558
  • Country: United States
  • Currency: USD
  • Updated: 13 Sep 2017
  • Individuals Reporting: 81
Hourly Data $0$36
Hourly Rate $18.41 - $36.06
Overtime $32.00
Annual Data $0$98K
Bonus $970 - $9,817
Profit Sharing $500
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).
)
$40,130 - $98,558
  • Country: United States
  • Currency: USD
  • Updated: 13 Sep 2017
  • Individuals Reporting: 15

Find Out Exactly What You Should Be Paid

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.

Read More...

Insurance Underwriter, Life Tasks

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

Insurance Underwriter, Life Job Listings

Popular Employer Salaries for Insurance Underwriter, Life

Popular Skills for Insurance Underwriter, Life

Pay by Experience Level for Insurance Underwriter, Life

Pay by Experience for an Insurance Underwriter, Life has a positive trend. An entry-level Insurance Underwriter, Life with less than 5 years of experience can expect to earn an average total compensation of $47,000 based on 40 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Underwriter, Life with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $60,000 based on 34 salaries. An experienced Insurance Underwriter, Life which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $67,000 based on 26 salaries. An Insurance Underwriter, Life with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $90,000 based on 12 salaries.

Insurance Underwriter, Life Reviews

Q: What is it like working as an Insurance Underwriter, Life?

Insurance Underwriter, Life in Minneapolis:
"Things to do."
Pros: Working remote.
Cons: Traffic.

Related Job Salaries

Key Stats for Insurance Underwriter, Life

Gender

Female
62 %
Male
38 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.
Less than 1 year
10%
1-4 years
34%
5-9 years
19%
10-19 years
25%
20 years or more
11%
ADVERTISEMENT
Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Underwriter, Life Salaries

Late-Career
▲63%

▲22%

▲8%

National Average
$55,000

▼15%

Skills That Affect Insurance Underwriter, Life Salaries

National Average
$55,000




Job Satisfaction

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

Gender

Female
62 %
Male
38 %

Years of Experience

Less than 1 year
10%
1-4 years
34%
5-9 years
19%
10-19 years
25%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 80%
vision benefits
Vision: 65%
no benefits
None: 9%
ADVERTISEMENT