As of April 01, 2025, the average annual salary for an Insurance Actuary III in Lansing, MI is $113,360. Salary.com reports that pay typically ranges from $102,093 to $124,893, with most professionals earning between $91,835 and $135,393.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $124,893 | $10,408 | $2,402 | $60 |
| Average | $113,360 | $9,447 | $2,180 | $55 |
| 25th Percentile | $102,093 | $8,508 | $1,963 | $49 |
An entry-level Insurance Actuary III with under 1 year experience makes about $105,720. With less than 2 years of experience, a mid-level Insurance Actuary III makes around $106,532. After 2-4 years, the Insurance Actuary III pay rises to about $108,157. Those senior Insurance Actuary III with 5-8 years of experience earn roughly $114,061, and those Insurance Actuary III having 8 years or more experience are expected to earn about $117,181 on average.
| Levels | Salary |
|---|---|
| Entry Level Insurance Actuary III | $105,720 |
| Intermediate Level Insurance Actuary III | $106,532 |
| Senior Level Insurance Actuary III | $108,157 |
| Specialist Level Insurance Actuary III | $114,061 |
| Expert Level Insurance Actuary III | $117,181 |
| Entry Level | 7% |
| Mid Level | 6% |
| Senior Level | 5% |
| Top Level | 1% |
| Experienced | 3% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Life Insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period
Programming: Executing logic to facilitate computing operations and functionality in one or more languages.
| Skill | Salary | Demand |
|---|---|---|
|
ISO
|
$123,562 |
9%
|
|
Coaching
|
$122,429 |
8%
|
|
Teamwork
|
$119,028 |
5%
|
|
Project Management
|
$117,894 |
4%
|
|
Listening
|
$116,761 |
3%
|
|
Leadership
|
$116,761 |
3%
|
