$55,382
Avg. Salary

Average additional compensation for this job:

Bonus

$3,500

Profit Sharing

$393

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

$41,179 - $90,936
$41K
$55K
$91K
MEDIAN: $55,382
10%
50%
90%

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$18.27 - $38.54
$18
$24
$39
MEDIAN: $24.02
10%
50%
90%

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$0$92K
Salary $41,179 - $90,936
Bonus $1,002 - $9,909
Profit Sharing $393
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).
)
$40,957 - $92,825
  • Country: United States
  • Currency: USD
  • Updated: 22 Jul 2018
  • Individuals Reporting: 158
Hourly Data $0$40
Hourly Rate $18.27 - $38.54
Overtime $34.82
Annual Data $0$92K
Bonus $1,002 - $9,909
Profit Sharing $393
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).
)
$40,957 - $92,825
  • Country: United States
  • Currency: USD
  • Updated: 22 Jul 2018
  • Individuals Reporting: 23

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

  • 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 Pay By Employer

$0$74K

Prudential
11 profiles
$59,549

Insurance Underwriter, Life Job Listings

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
65 %
Male
35 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 24 votes.
Less than 1 year
9%
1-4 years
31%
5-9 years
24%
10-19 years
24%
20 years or more
12%

Experience Affects Insurance Underwriter, Life Salaries

Late-Career
▲62%

▲21%

▲8%

National Average
$56,000

▼16%

Skills That Affect Insurance Underwriter, Life Salaries

National Average
$56,000




Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 24 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
9%
1-4 years
31%
5-9 years
24%
10-19 years
24%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 80%
vision benefits
Vision: 67%
no benefits
None: 8%