As of March 01, 2025, the average annual salary for a Life Insurance Underwriter I in Lowell, MA is $62,510. According to Salary.com, salaries can range from a low of $50,340 to a high of $76,762, with most professionals earning between $56,140 and $69,970.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $69,970 | $5,831 | $1,346 | $34 |
| Average | $62,510 | $5,209 | $1,202 | $30 |
| 25th Percentile | $56,140 | $4,678 | $1,080 | $27 |
An entry-level Life Insurance Underwriter I with under 1 year experience makes about $61,335. With less than 2 years of experience, a mid-level Life Insurance Underwriter I makes around $61,805. After 2-4 years, the Life Insurance Underwriter I pay rises to about $63,128. Those senior Life Insurance Underwriter I with 5-8 years of experience earn roughly $64,010, and those Life Insurance Underwriter I having 8 years or more experience are expected to earn about $64,230 on average.
| Levels | Salary |
|---|---|
| Entry Level Life Insurance Underwriter I | $61,335 |
| Intermediate Level Life Insurance Underwriter I | $61,805 |
| Senior Level Life Insurance Underwriter I | $63,128 |
| Specialist Level Life Insurance Underwriter I | $64,010 |
| Expert Level Life Insurance Underwriter I | $64,230 |
| Entry Level | 2% |
| Mid Level | 1% |
| Senior Level | 1% |
| Top Level | 2% |
| 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.
Pricing: Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods.
Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.
| Skill | Salary | Demand |
|---|---|---|
|
Accuracy and Attention to Detail
|
$86,264 |
38%
|
|
Managing Multiple Priorities
|
$86,264 |
38%
|
|
Office Support Tools
|
$86,264 |
38%
|
|
Credit Analysis and Verification
|
$86,264 |
38%
|
|
Negotiating
|
$81,888 |
31%
|
|
Decision Making and Critical Thinking
|
$71,887 |
15%
|
