Old American Insurance Salary

As of September 2026, the average annual salary for employees at Old American Insurance in the United States is $93,160. This translates to an approximate hourly wage of $45. Salaries at Old American Insurance typically range from $81,940 to $105,380 annually, reflecting the diverse roles and experience levels within the company.
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Is Old American Insurance’s Pay Competitive? Salary Benchmarking Analysis

How does Old American Insurance'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
New Your Life Insurance Co $97,748
+4.9%
Data suggests New Your Life Insurance Co's workforce skews heavily towards veteran, high-tenure roles.
Life Insurance Co $87,865
-5.7%
Life Insurance Co operates with a leaner overhead structure, impacting base wage offers.
Shelter Life Insurance Co $90,428
-2.9%
Indicates identical technical requirements and experience levels between the two firms.
James - Met Life Insurance $93,888
+0.8%
Confirms James - Met Life Insurance is a direct competitor vying for the exact same talent pool.
Insurance Industry $123,858
+33.0%
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 Old American Insurance

Considering a career at Old American Insurance? 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.
Benefits are standard, and the work environment is low-drama. The organization maintains a professional and structured work environment. The company operates smoothly, with well-defined roles and expectations. The insurance products are competitive, and client relationships are prioritized.
Compensation is fair, and the benefits package is strong. Benefits like performance bonuses, health plans, and retirement contributions are excellent. Team dynamics are positive, and management is approachable. While workloads can fluctuate, management ensures fair distribution. Work-life balance is respected, and the office environment is comfortable. The insurance products are top-notch, which m...
The company’s commitment to innovation keeps it competitive in the insurance market. The company provides a stable work environment in the insurance industry. My role here has been consistent and straightforward. It’s a typical corporate insurance job—nothing extraordinary, but nothing problematic either.

Old American Insurance Overview

Website
www.oaic.com
Founded In
1939
Employees
25 - 50 employees
Industry
Insurance
Headquarter Address
3520 Broadway Blvd Kansas City Missouri MO 64111
Revenue
$10 Million - $50 Million
Phone Number
+1 8167534900
Social Media
About Old American Insurance
Old American Insurance Company offers Final Expense Insurance products to meet your unique needs. These plans include: Two-year Modified Graded Death Benefit Immediate Death Benefit Increasing Benefit Series Juvenile Term Life We understand your concern in choosing the right product to protect you and your loved ones, that™s why we™re on-hand to guide you through the process of selecting the perfe

What Benefits Does Old American Insurance Offer Beyond Salary?

A competitive compensation package is more than just a salary. Old American Insurance 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 Kansas City?

Understanding the cost of living near Kansas City is key to truly evaluating a salary offer or your current compensation at Old American Insurance.
Kansas City, MO's Cost of Living Index is approximately 87.2 (12.8% less expensive than US average; 1.9% less than MO average). Major city, BBQ/jazz, affordable housing, RideKC bus/streetcar (free). When planning your budget based on a salary from Old American Insurance, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,500+ A significant portion of Old American Insurance salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (RideKC monthly pass, streetcar free) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 Can be higher with more dining out or specialty stores.
Personal & Leisure $380 - $700+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $680+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,270 - $3,670+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Old American Insurance

1. What is the estimated average total compensation at Old American Insurance?

Salary.com estimates that the average total compensation package at Old American Insurance, which can include base salary, potential bonuses, and benefits, is around $93,160 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Old American Insurance pay compared to New Your Life Insurance Co?

The average annual salary at Old American Insurance is $93,160, or an hourly wage of $45, in comparison to New Your Life Insurance Co which pays $97,748 per year or $47 per hour.

3. Do salaries differ significantly between departments at Old American Insurance?

Yes, salaries often differ between departments at Old American Insurance due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. What's the typical salary progression for an employee moving from an entry-level to a senior role at Old American Insurance?

Salary progression from an entry-level to a senior role at Old American Insurance can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

5. How can I determine if a salary offer from Old American Insurance in Kansas City is fair given the local cost of living?

To determine if a salary offer from Old American Insurance in Kansas City is fair, first compare the gross salary to our data for similar roles at Old American Insurance and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Kansas City" to understand its purchasing power.

6. Are promotions at Old American Insurance usually accompanied by a significant salary increase?

Yes, promotions at Old American Insurance are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.