Life Actuary Salary in Rockford, Illinois

How much does a Life Actuary make in Rockford, IL?

As of April 01, 2025, the average annual salary for a Life Actuary in Rockford, IL is $80,191. Salary.com reports that pay typically ranges from $72,006 to $88,492, with most professionals earning between $64,554 and $96,050.

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Salary range for an Life Actuary

$72,006 to $88,492

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Life Actuary

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Job Openings for Life Actuary in Rockford, IL

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 Rockford, IL

How much should you be earning in Life Actuary in Rockford, IL 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 Rockford, IL

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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 Rockford, IL

Average Base Salary

Core compensation

72006

88492

80191

Average Total Cash Compensation

Includes base and annual incentives

74870

93067

83751

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 Rockford, IL. The base salary for Life Actuary ranges from $72,006 to $88,492 with the average base salary of $80,191. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $74,870 to $93,067 with the average total cash compensation of $83,751.

View Average Salary for Life Actuary as table

	Average Salary	Average Salary Range
Base Salary	$80,191	$72,006 - $88,492
Bonus	$3,561	$2,864 - $4,575
Total Pay	$83,751	$74,870 - $93,067

* 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 Rockford, IL

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Rockford, IL
CITY, STATE Janesville, WI	AVERAGE SALARY RANGE $72,193 - $88,722	COMPARE TO Rockford, IL
CITY, STATE Elgin, IL	AVERAGE SALARY RANGE $75,976 - $93,371	COMPARE TO Rockford, IL
CITY, STATE Hoffman Estates, IL	AVERAGE SALARY RANGE $76,589 - $94,124	COMPARE TO Rockford, IL
CITY, STATE Aurora, IL	AVERAGE SALARY RANGE $76,656 - $94,207	COMPARE TO Rockford, IL
CITY, STATE Madison, WI	AVERAGE SALARY RANGE $73,651 - $90,513	COMPARE TO Rockford, IL
CITY, STATE Wheaton, IL	AVERAGE SALARY RANGE $76,215 - $93,665	COMPARE TO Rockford, IL

See salaries for Life Actuary in locations close to Rockford, IL. 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 Rockford, Illinois

Rockford is a city in Winnebago County in the U.S. state of Illinois, in far northern Illinois. Located on the banks of the Rock River, Rockford is the county seat of Winnebago County (a small portion of the city is located in Ogle County). The largest city in Illinois outside of the Chicago metropolitan area, Rockford is the third-largest city in the state and the 171st most populous in the United States According to 2010 U.S. Census Data, the City of Rockford had a population of 152,871, with an outlying metropolitan area population of 348,360. The City of Rockford's population is 147,051...

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

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