Insurance Product Development Group LC Salary

As of August 2026, the average annual salary for employees at Insurance Product Development Group LC in the United States is $107,674. This translates to an approximate hourly wage of $52. Salaries at Insurance Product Development Group LC typically range from $94,705 to $121,805 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Insurance Product Development Group LC

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Is Insurance Product Development Group LC’s Pay Competitive? Salary Benchmarking Analysis

How does Insurance Product Development Group LC'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
Fara Benefit Services Inc $94,362
-12.4%
Fara Benefit Services Inc likely leverages performance bonuses over the high base salary shown here.
MassHousing Retirement $107,959
+0.3%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
American Management Corp $88,034
-18.2%
Reflects market rates for standard general contracting, differing from specialized roles.
Hoffman Brown Co $108,286
+0.6%
Confirms Hoffman Brown Co is a direct competitor vying for the exact same talent pool.
Insurance Industry $123,858
+15.0%
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.

Employee Reviews: Working at Insurance Product Development Group LC

Considering a career at Insurance Product Development Group LC? 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.
Colleagues are professional, though social engagement is limited. A solid employer in the insurance space. The insurance training programs are thorough, and career advancement is encouraged. Leadership communicates company objectives clearly, though feedback loops could be stronger.
The organization operates smoothly with well-established procedures. While there aren’t many flashy perks, the job security and steady environment are positives. The benefits package is competitive, including health insurance and retirement plans. I appreciate the inclusive culture and the emphasis on teamwork. The company maintains a professional atmosphere with clear operational guidelines. Comp...
The onboarding process was smooth, and ongoing training keeps skills sharp. It’s a reliable employer for those who prefer structured roles. Management maintains a professional tone, and policies are clearly communicated. Management values feedback and implements positive changes.

Insurance Product Development Group LC Overview

Website
Data pending, update soon.
Founded In
Data pending, update soon.
Employees
25 - 50 employees
Industry
Insurance
Headquarter Address
84 State St Boston Massachusetts MA 02109
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About Insurance Product Development Group LC
Insurance Product Development Group LC is a company that operates in the Insurance industry. It employs 21-50 people and has $10M-$25M of revenue. The company is headquartered in Boston, Massachusetts.

What Benefits Does Insurance Product Development Group LC Offer Beyond Salary?

A competitive compensation package is more than just a salary. Insurance Product Development Group LC 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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What Is the Cost of Living Near Boston?

Understanding the cost of living near Boston is key to truly evaluating a salary offer or your current compensation at Insurance Product Development Group LC.
Boston's Cost of Living Index is approximately 153.2 (53.2% more expensive than US average; 15.5% more than MA average). Major historic US city, world-class universities/hospitals, extremely high housing costs, extensive MBTA transit. When planning your budget based on a salary from Insurance Product Development Group LC, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,500 - $3,800+ A significant portion of Insurance Product Development Group LC salary. Location choices impact this heavily.
Utilities (Basic) $180 - $290 Electricity, Heating, Cooling, Water etc.
Public Transportation $90 (MBTA LinkPass monthly) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $500 - $750 Can be higher with more dining out or specialty stores.
Personal & Leisure $550 - $1,000+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $450 - $850+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,270 - $6,690+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Insurance Product Development Group LC

1. How much does Insurance Product Development Group LC in the United States pay?

Insurance Product Development Group LC pays its employees an average of $107,674 per year. The average salary at Insurance Product Development Group LC range from $94,705 to $121,805 per year. 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 Insurance Product Development Group LC employees get a higher salary than its peer company?

The salary at Insurance Product Development Group LC is higher than its peer company. The average annual salary at Insurance Product Development Group LC is $107,674, or an hourly wage of $52, in comparison to Fara Benefit Services Inc which pays $94,362 per year or $45 per hour.

3. How much does salary increase with years of experience at Insurance Product Development Group LC?

Salary progression with years of experience at Insurance Product Development Group LC 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 Insurance Product Development Group LC vary by office location?

Yes, it's very likely that salaries at Insurance Product Development Group LC 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 Boston section provides more context.

5. Does Insurance Product Development Group LC offer good benefits?

Insurance Product Development Group LC 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 Insurance Product Development Group LC" section on this page.