As of March 01, 2025, the average annual salary for an Underwriter (Life) II in the United States is $73,001. Salary.com reports that pay typically ranges from $65,087 to $82,944, with most professionals earning between $57,882 and $91,997.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $82,944 | $6,912 | $1,595 | $40 |
| Average | $73,001 | $6,083 | $1,404 | $35 |
| 25th Percentile | $65,087 | $5,424 | $1,252 | $31 |
An entry-level Underwriter (Life) II with less than 1 year of experience earns about $69,610. With 1-2 years of experience, the average salary increases to $69,844. For 2-4 years of experience, the pay typically rises to $72,180. Senior-level professionals with 5-8 years of experience earn around $75,848, and those with over 8 years of experience can expect an average of $77,315.
| Levels | Salary |
|---|---|
| Entry Level Underwriter (Life) II | $69,610 |
| Intermediate Level Underwriter (Life) II | $69,844 |
| Senior Level Underwriter (Life) II | $72,180 |
| Specialist Level Underwriter (Life) II | $75,848 |
| Expert Level Underwriter (Life) II | $77,315 |
| Entry Level | 5% |
| Mid Level | 4% |
| Senior Level | 1% |
| Top Level | 4% |
| Experienced | 6% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of March 01, 2025, our research reveals a significant shift in Underwriter (Life) II compensation over the past six years. For example, the median salary increased from $78,379 in 2023 to approximately $75,848 in 2024. (For a detailed analysis of Underwriter (Life) II salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Underwriter (Life) II information for you to search for. Click on search button below to see Underwriter (Life) II job openings or enter a new job title here.
Here are companies hiring for Underwriter (Life) II and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $73,001 | 68.2% | ||
| Bonus | $4,147 | 3.9% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $5,902 | 5.5% | ||
| 401K/403B | $3,626 | 3.4% | ||
| Disability | $617 | 0.6% | ||
| Healthcare | $6,056 | 5.7% | ||
| Pension | $4,243 | 4.0% | ||
| Time Off | $9,495 | 8.9% | ||
| Total Compensation | $107,086 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| High School | 4.5% |
| Associates | 9.1% |
| Bachelors | 72.7% |
| Masters | 13.6% |
What Am I Worth?
The average annual salary of Underwriter (Life) II is $73,001. In case you are finding an easy salary calculator, the average hourly pay of Underwriter (Life) II is $35; the average weekly pay of Underwriter (Life) II is $1,404; the average monthly pay of Underwriter (Life) II is $6,083.
An Underwriter (Life) II'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, an Underwriter (Life) II earns the most in San Jose, CA, where the annual salary of an Underwriter (Life) II is $91,616.
The highest pay for Underwriter (Life) II is $91,997.
The lowest pay for Underwriter (Life) II is $57,882.
Underwriter (Life) II reviews medical, occupational, financial, and legal information to select or reject individual or group life insurance applications. Calculates rates and premiums from approved decrement tables. Being an Underwriter (Life) II approves or denies applications on own discretion. May require a bachelor's degree. Additionally, Underwriter (Life) II typically reports to a supervisor or manager. The Underwriter (Life) II gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be an Underwriter (Life) II typically requires 2 to 4 years of related experience.
Specify the abilities and skills that a person needs in order to carry out the specified job duties. 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.
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.
Financial Analysis: Financial statement analysis (or financial analysis) is the process of reviewing and analyzing a company's financial statements to make better economic decisions to earn income in future. These statements include the income statement, balance sheet, statement of cash flows, notes to accounts and a statement of changes in equity (if applicable). Financial statement analysis is a method or process involving specific techniques for evaluating risks, performance, financial health, and future prospects of an organization. It is used by a variety of stakeholders, such as credit and equity investors, the government, the public, and decision-makers within the organization. These stakeholders have different interests and apply a variety of different techniques to meet their needs. For example, equity investors are interested in the long-term earnings power of the organization and perhaps the sustainability and growth of dividend payments. Creditors want to ensure the interest and principal is paid on the organizations debt securities (e.g., bonds) when due.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
