As of April 01, 2025, the average annual salary for a Life Insurance Underwriter I in Provo, UT is $56,380. According to Salary.com, salaries can range from a low of $44,382 to a high of $68,741, with most professionals earning between $50,100 and $62,850.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $62,850 | $5,238 | $1,209 | $30 |
| Average | $56,380 | $4,698 | $1,084 | $27 |
| 25th Percentile | $50,100 | $4,175 | $963 | $24 |
An entry-level Life Insurance Underwriter I with under 1 year experience makes about $55,914. With less than 2 years of experience, a mid-level Life Insurance Underwriter I makes around $56,384. After 2-4 years, the Life Insurance Underwriter I pay rises to about $57,542. Those senior Life Insurance Underwriter I with 5-8 years of experience earn roughly $58,313, and those Life Insurance Underwriter I having 8 years or more experience are expected to earn about $58,506 on average.
| Levels | Salary |
|---|---|
| Entry Level Life Insurance Underwriter I | $55,914 |
| Intermediate Level Life Insurance Underwriter I | $56,384 |
| Senior Level Life Insurance Underwriter I | $57,542 |
| Specialist Level Life Insurance Underwriter I | $58,313 |
| Expert Level Life Insurance Underwriter I | $58,506 |
| Entry Level | 1% |
| Mid Level | 0% |
| Senior Level | 2% |
| Top Level | 3% |
| Experienced | 4% |
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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
|
$77,804 |
38%
|
|
Managing Multiple Priorities
|
$77,804 |
38%
|
|
Office Support Tools
|
$77,804 |
38%
|
|
Credit Analysis and Verification
|
$77,804 |
38%
|
|
Negotiating
|
$73,858 |
31%
|
|
Decision Making and Critical Thinking
|
$64,837 |
15%
|
