As of March 01, 2025, the average annual salary for an Underwriter (Life) I in Richmond, VA is $58,892. According to Salary.com, salaries can range from a low of $46,344 to a high of $71,794, with most professionals earning between $52,324 and $65,645.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $67,467 | $5,622 | $1,297 | $32 |
| Average | $60,526 | $5,044 | $1,164 | $29 |
| 25th Percentile | $53,776 | $4,481 | $1,034 | $26 |
An entry-level Underwriter (Life) I with under 1 year experience makes about $58,402. With less than 2 years of experience, a mid-level Underwriter (Life) I makes around $58,892. After 2-4 years, the Underwriter (Life) I pay rises to about $60,101. Those senior Underwriter (Life) I with 5-8 years of experience earn roughly $60,908, and those Underwriter (Life) I having 8 years or more experience are expected to earn about $61,109 on average.
| Levels | Salary |
|---|---|
| Entry Level Underwriter (Life) I | $58,402 |
| Intermediate Level Underwriter (Life) I | $58,892 |
| Senior Level Underwriter (Life) I | $60,101 |
| Specialist Level Underwriter (Life) I | $60,908 |
| Expert Level Underwriter (Life) I | $61,109 |
| Entry Level | 4% |
| Mid Level | 3% |
| Senior Level | 1% |
| Top Level | 1% |
| Experienced | 1% |
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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
|
$81,271 |
38%
|
|
Managing Multiple Priorities
|
$81,271 |
38%
|
|
Office Support Tools
|
$81,271 |
38%
|
|
Credit Analysis and Verification
|
$81,271 |
38%
|
|
Negotiating
|
$77,148 |
31%
|
|
Decision Making and Critical Thinking
|
$67,726 |
15%
|
