Life Insurance Underwriter Salary in Bedford, NH

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How much does a Life Insurance Underwriter make in Bedford, NH? The average Life Insurance Underwriter salary in Bedford, NH is $58,258 as of August 27, 2024, but the salary range typically falls between $52,391 and $65,261. 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.

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Salary range for an Life Insurance Underwriter

$52,391 to $65,261

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What is a Life Insurance Underwriter?

A Life Insurance Underwriter is responsible for evaluating and assessing the risk associated with insuring individuals or businesses for life insurance policies. They review applications, medical records, and other relevant information to determine the likelihood of a policyholder making a claim. Underwriters use this information to calculate premiums and determine coverage limits. They also work closely with actuaries and other insurance professionals to ensure that policies are priced appropriately and in line with company guidelines. Additionally, they may communicate with agents and policyholders to gather additional information and clarify any discrepancies. Strong analytical skills, attention to detail, and a thorough understanding of insurance regulations are essential for success in this role.

See user submitted job responsibilities for Life Insurance Underwriter.

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Job Openings for Life Insurance Underwriter in Bedford, NH

Licensed Insurance Sales Representative (Primarily Home)

Homesite - Palo Verde , AZ

You will follow up on underwriting department requests to ensure policy underwriting adherence and ... Skills can be used in many different ways, and your life and professional experience may be ...

Job Traffic Ltd - 35 days ago

Account Manager Commercial Lines

Alera Group - Syracuse , NY

Understanding of P&C and Life & Accident insurance products, Licenses preferred * Maintain current ... Build and maintain relationships with underwriters by creating a professional and complete ...

JobGet - 30 days ago

Branch Manager

Cardinal Credit Union Inc - Cleveland , OH

Underwrites consumer loans up to the amount assigned per credit union policy; reviews and approves ... · Life and long term disability Insurance, employer paid · Generous 401(k) plan · Paid time off ...

Adzuna - 23 days ago

What does a Life Insurance Underwriter do?

Common responsibilities of a Life Insurance Underwriter

Stay updated on industry trends, regulations, and best practices in life insurance underwriting.

September 09, 2023

Communicate with insurance agents, brokers, and applicants to gather additional information and clarify underwriting requirements.

September 12, 2023

Collaborate with actuaries and other professionals to develop and update underwriting guidelines and risk assessment models.

September 15, 2023

Evaluate and assess insurance applications to determine the level of risk involved in insuring an individual or entity.

September 19, 2023

Review and approve policy endorsements, changes, and renewals.

October 02, 2023

Provide guidance and support to junior underwriters and other team members.

October 03, 2023

Make underwriting decisions based on established guidelines and risk assessment criteria.

October 16, 2023

Calculate insurance premiums based on risk assessment and underwriting guidelines.

October 21, 2023

Analyze medical records, financial information, and other relevant data to determine the insurability of an applicant.

November 07, 2023

Participate in underwriting audits and quality assurance processes to ensure compliance with company policies and regulatory requirements.

November 23, 2023

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Life Insurance Underwriter Salary By Experience Levels in Bedford, NH

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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 Insurance Underwriter Salary By Level of Education in Bedford, NH

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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 Insurance Underwriter in Bedford, NH

Average Base Salary

Core compensation

52391

65261

58258

Average Total Cash Compensation

Includes base and annual incentives

54752

68077

60443

What is the average salary for Life Insurance Underwriter in 2024?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Life Insurance Underwriter in Bedford, NH. The base salary for Life Insurance Underwriter ranges from $52,391 to $65,261 with the average base salary of $58,258. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $54,752 to $68,077 with the average total cash compensation of $60,443.

View Average Salary for Life Insurance Underwriter as table

	Average Salary	Average Salary Range
Base Salary	$58,258	$52,391 - $65,261
Bonus	$2,185	$2,361 - $2,816
Total Pay	$60,443	$54,752 - $68,077

* 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 Insurance Underwriter Salary Near Bedford, NH

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Bedford, NH
CITY, STATE Manchester, NH	AVERAGE SALARY RANGE $52,493 - $65,388	COMPARE TO Bedford, NH
CITY, STATE Merrimack, NH	AVERAGE SALARY RANGE $55,461 - $69,085	COMPARE TO Bedford, NH
CITY, STATE Nashua, NH	AVERAGE SALARY RANGE $55,461 - $69,085	COMPARE TO Bedford, NH
CITY, STATE Derry, NH	AVERAGE SALARY RANGE $53,917 - $67,162	COMPARE TO Bedford, NH
CITY, STATE Salem, NH	AVERAGE SALARY RANGE $54,642 - $68,065	COMPARE TO Bedford, NH
CITY, STATE Concord, NH	AVERAGE SALARY RANGE $52,504 - $65,401	COMPARE TO Bedford, NH

See salaries for Life Insurance Underwriter in locations close to Bedford, NH. 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 Bedford, New Hampshire

Bedford is a town in Hillsborough County, New Hampshire, United States. The population was 21,203 at the 2010 census and an estimated 22,458 in 2017. Bedford is a suburb of Manchester, the largest city in the state of New Hampshire. According to the United States Census Bureau, the town has a total area of 33.1 square miles (86 km2), of which 32.8 sq mi (85 km2) is land and 0.3 sq mi (0.78 km2) is water, comprising 0.85% of the town. The largest body of water other than the Merrimack River is Sebbins Pond, which is connected to smaller, neighboring bodies of water by Sebbins Brook. Bedford is ...

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

View Salary for Similar Jobs to Life Insurance Underwriter in Bedford, NH

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Life Insurance Underwriter III	LOCATION Bedford, NH	MINIMUM SALARY $90,100	MAXIMUM SALARY $110,500
JOB TITLE Life Insurance Underwriter I	LOCATION Bedford, NH	MINIMUM SALARY $51,990	MAXIMUM SALARY $64,790
JOB TITLE Life Insurance Underwriter II	LOCATION Bedford, NH	MINIMUM SALARY $65,750	MAXIMUM SALARY $83,790
JOB TITLE Life Insurance Field Underwriter	LOCATION Bedford, NH	MINIMUM SALARY $66,155	MAXIMUM SALARY $80,513
JOB TITLE Senior Life Insurance Underwriter	LOCATION Bedford, NH	MINIMUM SALARY $64,611	MAXIMUM SALARY $83,830
JOB TITLE Underwriter (Life) II	LOCATION Bedford, NH	MINIMUM SALARY $65,748	MAXIMUM SALARY $83,787

The Life Insurance Underwriter job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Bedford, NH that might be a good fit for the type of job and salary you are looking for.

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52391

65261

About Bedford, New Hampshire Bedford is a town in Hillsborough County, New Hampshire, United States. The population was 21,203 at the 2010 census and an estimated 22,458 in 2017. ....More

Bedford, New Hampshire area prices were up 1.4% from a year ago

Life Insurance Underwriter Salary in popular cities: Manchester, Nashua, Concord

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