Where is Point Option located?

Point Option is headquartered in Newport News, Virginia, but may have operations in other locations within the Insurance sector.

What does Point Option do?

According to the company's overview, Point Option is a company that operates in the Education industry.

What industry is Point Option in?

Point Option operates in the Insurance industry.

Point Option Hourly Pay Rate & Wages

Point Option Salary

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Salary at Point Option

Current Job Openings at Point Option

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Is Point Option’s Pay Competitive? Salary Benchmarking Analysis

How does Point Option's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.

Competitor / Benchmark	Avg. Salary	Variance	Primary Market Influence Factor & Explanation
Foy & Lontine Insurance Group	$46	+10.7%	Reflects a supply-demand imbalance for the specific talent Foy & Lontine Insurance Group targets.
Mike Myers - State Farm Insurance Agent	$54	+29.4%	Supported by Mike Myers - State Farm Insurance Agent's high-margin contracts allowing higher overhead.
Premier Risk Management LLC	$50	+20.9%	Influenced by prevailing union wage agreements specific to Premier Risk Management LLC's sector.
Retirement Specialist	$41	-0.2%	Suggests Retirement Specialist utilizes a highly similar base-plus-benefits compensation model.
Insurance Industry	$60	+43.4%	Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.

Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

Companies Similar to Point Option and Their Hourly Pay Rates

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Point Option. Click a company name to learn more.

Foy & Lontine Insurance Group

$46 / hour

Salary Range: $40 - $52

York, ME

Mike Myers - State Farm Insurance Agent

$54 / hour

Salary Range: $47 - $61

Campbell, CA

Premier Risk Management LLC

$50 / hour

Salary Range: $44 - $57

Ho Ho Kus, NJ

Retirement Specialist

$41 / hour

Salary Range: $36 - $47

Lynchburg, VA

Ambrose Employer Group( Usa) LLC

$54 / hour

Salary Range: $47 - $61

New York City, NY

401go

$43 / hour

Salary Range: $38 - $49

West Jordan, UT

Arrow Pensions

$44 / hour

Salary Range: $39 - $50

Scottsdale, AZ

Pension Solutions Svc

$51 / hour

Salary Range: $45 - $57

Salinas, CA

Wausau Disability Benefits Inc

$49 / hour

Salary Range: $43 - $56

Wilmington, DE

Employee Reviews: Working at Point Option

Considering a career at Point Option? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.

Leadership is transparent, and the team is collaborative. The insurance industry is dynamic, but the team adapts well. The training programs are excellent, and mentorship opportunities exist. Coworkers are friendly and create a pleasant work atmosphere. A great place to build a career.

Commented in May 01, 2025

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The team is collaborative, and work-life balance is respected. The insurance products are strong, and client service is a priority. A fulfilling place to work in the insurance sector. Highly recommend this employer. The insurance training is top-notch, with access to industry certifications. Compensation is fair, and the benefits package is attractive. The compensation is competitive, with bonuses...

Commented in December 16, 2024

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The work environment is positive, and colleagues are helpful. Community engagement initiatives allow employees to give back, adding purpose beyond daily tasks. It’s a reliable employer, though more team-building activities would improve engagement. Compensation is fair, and there are performance-based bonuses.

Commented in August 03, 2024

48

1

Leadership is transparent, and employee contributions are recognized. Highly recommend for insurance professionals. This company is a fantastic place to work. Compensation is fair, and there’s a good emphasis on employee wellness. Managers are invested in team success and provide constructive feedback.

Commented in February 10, 2024

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What Benefits Does Point Option Offer Beyond Salary?

A competitive compensation package is more than just a salary. Point Option offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:

Social Security

401(K)

Disability

Healthcare

Pension

Time Off (days)

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How Much Should You Be Earning?

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What Is the Cost of Living Near Newport News?

Understanding the cost of living near Newport News is key to truly evaluating a salary offer or your current compensation at Point Option.

Newport News' Cost of Living Index is approximately 89.8 (10.2% less expensive than US average; 13.7% less than VA average). Hampton Roads city, shipbuilding, affordable. HRT bus. When planning your budget based on a salary from Point Option, consider these typical monthly expenses:

Expense Category	Estimated Monthly Cost	Key Considerations / Notes
Housing (1-BR Apt Rent)	$950 - $1,400+	A significant portion of Point Option salary. Location choices impact this heavily.
Utilities (Basic)	$140 - $240	Electricity, Heating, Cooling, Water etc.
Public Transportation	$70 (HRT monthly pass)	Essential for most commuters; car ownership is costly.
Groceries (Single Person)	$390 - $570	Can be higher with more dining out or specialty stores.
Personal & Leisure	$330 - $630+	Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual)	$360 - $670+	Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes)	$2,240 - $3,510+	This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Point Option

1. How much does Point Option in the United States pay?

Point Option pays its employees an average of $42 per hour. The average salary at Point Option range from $37 to $47 per hour. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills and location.

2. Do Point Option employees get a higher salary than its peer company?

The salary at Point Option is lesser than its peer company. The average annual salary at Point Option is $86,399, or an hourly wage of $42, in comparison to Foy & Lontine Insurance Group which pays $95,607 per year or $46 per hour.

3. How much does salary increase with years of experience at Point Option?

Salary progression with years of experience at Point Option is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

4. Do salaries at Point Option vary by office location?

Yes, it's very likely that salaries at Point Option vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Newport News section provides more context.

5. Does Point Option offer good benefits?

Point Option typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Point Option" section on this page.