1. What is the average salary of a Life Underwriting Supervisor?
The average annual salary of Life Underwriting Supervisor is $115,615.
In case you are finding an easy salary calculator,
the average hourly pay of Life Underwriting Supervisor is $56;
the average weekly pay of Life Underwriting Supervisor is $2,223;
the average monthly pay of Life Underwriting Supervisor is $9,635.
2. Where can a Life Underwriting Supervisor earn the most?
A Life Underwriting Supervisor's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Life Underwriting Supervisor earns the most in San Jose, CA, where the annual salary of a Life Underwriting Supervisor is $145,096.
3. What is the highest pay for Life Underwriting Supervisor?
The highest pay for Life Underwriting Supervisor is $134,705.
4. What is the lowest pay for Life Underwriting Supervisor?
The lowest pay for Life Underwriting Supervisor is $96,098.
5. What are the responsibilities of Life Underwriting Supervisor?
Life Underwriting Supervisor supervises group of underwriters who review, analyze and inspect life insurance contracts. Accepts, modifies or declines a risk through evaluation of an individual's medical history or physical condition, occupational hazards, financial background, insurable interest and other information. Being a Life Underwriting Supervisor analyzes various rate plans utilizing the organization's claims history to determine the appropriate rate plan and benefits costs. Familiar with current legislative and compliance processes affecting life insurance. Additionally, Life Underwriting Supervisor may evaluate reinstatements and changes in existing policies. May have designations or course work toward the CLU, FLMI, etc. Has a sound working knowledge of medical terminology. Requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Life Underwriting Supervisor supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. Thorough knowledge of functional area under supervision. To be a Life Underwriting Supervisor typically requires 3 years experience in the related area as an individual contributor.