How much does a Life Insurance Underwriter make in Buffalo, NY? The average Life Insurance Underwriter salary in Buffalo, NY is $55,049 as of May 28, 2024, but the salary range typically falls between $49,504 and $61,664. 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.
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.
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Average Salary | Average Salary Range | |
---|---|---|
Base Salary | $55,049 | $49,504 - $61,664 |
Bonus | $2,064 | $2,231 - $2,661 |
Total Pay | $57,113 | $51,735 - $64,325 |
CITY, STATE | AVERAGE SALARY RANGE | COMPARE TO Buffalo, NY |
---|---|---|
CITY, STATE Niagara Falls, NY | AVERAGE SALARY RANGE $49,622 - $61,812 | COMPARE TO Buffalo, NY |
CITY, STATE Jamestown, NY | AVERAGE SALARY RANGE $48,236 - $60,085 | COMPARE TO Buffalo, NY |
CITY, STATE Henrietta, NY | AVERAGE SALARY RANGE $50,207 - $62,539 | COMPARE TO Buffalo, NY |
CITY, STATE Rochester, NY | AVERAGE SALARY RANGE $50,207 - $62,539 | COMPARE TO Buffalo, NY |
CITY, STATE Erie, PA | AVERAGE SALARY RANGE $47,044 - $58,600 | COMPARE TO Buffalo, NY |
CITY, STATE Syracuse, NY | AVERAGE SALARY RANGE $50,652 - $63,094 | COMPARE TO Buffalo, NY |
JOB TITLE | LOCATION | MINIMUM SALARY | MAXIMUM SALARY |
---|---|---|---|
JOB TITLE Life Insurance Underwriter III | LOCATION Buffalo, NY | MINIMUM SALARY $84,900 | MAXIMUM SALARY $104,200 |
JOB TITLE Life Insurance Underwriter I | LOCATION Buffalo, NY | MINIMUM SALARY $49,010 | MAXIMUM SALARY $61,090 |
JOB TITLE Life Insurance Underwriter II | LOCATION Buffalo, NY | MINIMUM SALARY $61,990 | MAXIMUM SALARY $79,000 |
JOB TITLE Life Insurance Field Underwriter | LOCATION Buffalo, NY | MINIMUM SALARY $62,466 | MAXIMUM SALARY $76,026 |
JOB TITLE Senior Life Insurance Underwriter | LOCATION Buffalo, NY | MINIMUM SALARY $64,111 | MAXIMUM SALARY $83,179 |
JOB TITLE Underwriter (Life) II | LOCATION Buffalo, NY | MINIMUM SALARY $61,982 | MAXIMUM SALARY $78,993 |
About Buffalo, New York Buffalo is the second largest city in the U.S. state of New York and the largest city in Western New York. As of July 2016[update], the population was....More
Buffalo, New York area prices were up 1.5% from a year ago
Life Insurance Underwriter Salary in popular cities: New York, Rochester, Yonkers
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