Life Actuary Salary in Gary, Indiana

How much does a Life Actuary make in Gary, IN?

As of April 01, 2025, the average annual salary for a Life Actuary in Gary, IN is $82,797. Salary.com reports that pay typically ranges from $74,346 to $91,368, with most professionals earning between $66,652 and $99,172.

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Salary range for an Life Actuary

$74,346 to $91,368

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Life Actuary

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Job Openings for Life Actuary in Gary, IN

What does a Life Actuary do?

Common responsibilities of a Life Actuary

Demonstrated success working in cross-functional collaborative teams and in working with senior management.

March 05, 2023

Assist in recruiting efforts by helping attract and retain additional qualified Actuarial professionals and identify potential candidates to recruit.

March 06, 2023

Develops a thorough understanding of model assumptions, product mechanics, and reserving/financial regulations in order to validate each component of model output.

March 11, 2023

Prepare original actuarial analysis, coordinate internal resources, advise project team on potential solutions and strategies to meet project goals and client needs, lead resolution of issues, adhere to project budget and timelines, document work in a thorough and understandable manner and train and mentor junior staff.

March 15, 2023

Provide assistance to the process of updating the reserving assumptions as necessary preferably using predictive modeling techniques such as (but not limited to) GLM, Bayesian Regression, Survival Analysis, and Machine Learning techniques .

March 26, 2023

Maintains knowledge on current and emerging developments/trends for assigned area(s) or responsibility, assesses the impact, and collaborates with senior management to incorporate new trends and developments in current and future solutions.

April 09, 2023

Support the technical aspects in developing the life reporting infrastructure with an emphasis on building repeatable processes with built-in review capability.

April 13, 2023

Build and automate reports for regular Actual to Expected studies on each block against multiple pricing/reserving assumptions.

April 26, 2023

Lead development of tools to support pricing, valuation, underwriting and business analysis and participate in implementation efforts.

May 09, 2023

Create new business opportunities through individual selling efforts as well as by supporting team sales initiatives, cultivate and nurture client relationships to create awareness of Firm capabilities to help generate incremental business, assist in formulating proposals demonstrating our value proposition and our solutions.

May 13, 2023

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Life Actuary Salary By Experience Levels in Gary, IN

How much should you be earning in Life Actuary in Gary, IN based on your current experience?

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Life Actuary Salary By Level of Education in Gary, IN

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Life Actuary in Gary, IN

Average Base Salary

Core compensation

74346

91368

82797

Average Total Cash Compensation

Includes base and annual incentives

77303

96091

86473

What is the average salary for Life Actuary in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Life Actuary in Gary, IN. The base salary for Life Actuary ranges from $74,346 to $91,368 with the average base salary of $82,797. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $77,303 to $96,091 with the average total cash compensation of $86,473.

View Average Salary for Life Actuary as table

	Average Salary	Average Salary Range
Base Salary	$82,797	$74,346 - $91,368
Bonus	$3,676	$2,957 - $4,724
Total Pay	$86,473	$77,303 - $96,091

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Life Actuary Salary Near Gary, IN

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Gary, IN
CITY, STATE Hammond, IN	AVERAGE SALARY RANGE $74,346 - $91,368	COMPARE TO Gary, IN 0%
CITY, STATE Oak Lawn, IL	AVERAGE SALARY RANGE $77,164 - $94,831	COMPARE TO Gary, IN
CITY, STATE Tinley Park, IL	AVERAGE SALARY RANGE $75,423 - $92,691	COMPARE TO Gary, IN
CITY, STATE Chicago, IL	AVERAGE SALARY RANGE $77,254 - $94,942	COMPARE TO Gary, IN
CITY, STATE Orland Park, IL	AVERAGE SALARY RANGE $75,542 - $92,838	COMPARE TO Gary, IN
CITY, STATE Cicero, IL	AVERAGE SALARY RANGE $77,254 - $94,942	COMPARE TO Gary, IN

See salaries for Life Actuary in locations close to Gary, IN. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Gary, Indiana

Gary is a city in Lake County, Indiana, United States, 25 miles (40 km) from downtown Chicago, Illinois. Gary is adjacent to the Indiana Dunes National Park and borders southern Lake Michigan. Gary was named after lawyer Elbert Henry Gary, who was the founding chairman of the United States Steel Corporation. The city is known for its large steel mills, and as the birthplace of the Jackson 5 music group. The population of Gary was 80,294 at the 2010 census, making it the ninth-largest city in the state of Indiana. It was a prosperous city from the 1920s through the mid-1960s due to its booming ...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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