How much does an Underwriter (Life) II make in the United States? The average Underwriter (Life) II salary in the United States is $70,891 as of January 26, 2024, but the range typically falls between $63,202 and $80,543. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Underwriter (Life) II Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Underwriter (Life) II Salary $56,201 US January 26, 2024
25th Percentile Underwriter (Life) II Salary $63,202 US January 26, 2024
50th Percentile Underwriter (Life) II Salary $70,891 US January 26, 2024
75th Percentile Underwriter (Life) II Salary $80,543 US January 26, 2024
90th Percentile Underwriter (Life) II Salary $89,331 US January 26, 2024
25% $63,202 10% $56,201 90% $89,331 75% $80,543 $70,891 50%(Median) Didn’t find job title? Click
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Check out Underwriter (Life) jobs in Ashburn, Virginia

Life Insurance Sales Representative

The Tran Agency - Reginald Freeman - Arlington, VA

Life Insurance Sales Representative

The Tran Agency - Centreville, VA

Consumer Lending Underwriter

Justice Federal Credit Union - Chantilly, VA

Life Insurance Sales Representative

The Tran Agency - Newport News, VA

What skills does an Underwriter (Life) II need?

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.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

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.

3.

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.

Analysis 2.37%
Futures 0.48%
Financial Analysis 0.39%
Others 96.76%

Job Description for Underwriter (Life) II

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. (Copyright 2024 Salary.com)... View full job description

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Career Path for Underwriter (Life) II

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Underwriter (Life) II, the first career path typically starts with a Health Underwriter, Sr. position, and then Health Underwriting Manager.

The second career path typically starts with an Underwriter (Life) III position, and then progresses to Life Underwriting Supervisor.

The third career path typically starts with an Underwriter (P/C) III position, and then progresses to Underwriter (P/C) IV.

Additionally, the fourth career path typically starts with an Underwriter III position, and then progresses to Underwriter IV.

Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
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Underwriter (Life) II salary varies from city to city. Compared with national average salary of Underwriter (Life) II, the highest Underwriter (Life) II salary is in San Francisco, CA, where the Underwriter (Life) II salary is 25.0% above. The lowest Underwriter (Life) II salary is in Miami, FL, where the Underwriter (Life) II salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for an Underwriter (Life) II, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
63202
80543
70891

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
65911
86294
74903
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Underwriter (Life) II in the United States. The base salary for Underwriter (Life) II ranges from $63,202 to $80,543 with the average base salary of $70,891. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $65,911 to $86,294 with the average total cash compensation of $74,903.
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63202
80543

 

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Skills associated with Underwriter (Life) II: Insurance Regulatory Guidelines, Reinsurance, Underwriting, Contract Review ...More

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Underwriter (Life) II Salary in United States
Underwriter (Life) II Salary Graph, Regional Distribution and Summary