How much does a Life Insurance Underwriter make in Colonia, NJ? The average Life Insurance Underwriter salary in Colonia, NJ is $63,544 as of May 28, 2024, but the salary range typically falls between $57,144 and $71,180. 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.
See user submitted job responsibilities for Life Insurance Underwriter.
View Job Skills and Competency Data for more than 15,000 Job Titles, 18 Industries, and 26 Job Families.
Skills LibraryOur job description management tool- JobArchitect streamlines your job description process. Say goodbye to the hassle of crafting job descriptions.
Explore JobArchitectSalary.com's CompAnalyst platform offers:
RELEVANT JOB EXPERIENCE
LEVEL OF EDUCATION
Core compensation
Includes base and annual incentives
Average Salary | Average Salary Range | |
---|---|---|
Base Salary | $63,544 | $57,144 - $71,180 |
Bonus | $2,383 | $2,575 - $3,071 |
Total Pay | $65,927 | $59,719 - $74,252 |
CITY, STATE | AVERAGE SALARY RANGE | COMPARE TO Colonia, NJ |
---|---|---|
CITY, STATE Plainfield, NJ | AVERAGE SALARY RANGE $57,144 - $71,180 | COMPARE TO Colonia, NJ 0% |
CITY, STATE Edison, NJ | AVERAGE SALARY RANGE $57,144 - $71,180 | COMPARE TO Colonia, NJ 0% |
CITY, STATE Elizabeth, NJ | AVERAGE SALARY RANGE $57,653 - $71,815 | COMPARE TO Colonia, NJ |
CITY, STATE Perth Amboy, NJ | AVERAGE SALARY RANGE $57,144 - $71,180 | COMPARE TO Colonia, NJ 0% |
CITY, STATE Union, NJ | AVERAGE SALARY RANGE $57,653 - $71,815 | COMPARE TO Colonia, NJ |
CITY, STATE Staten Island, NY | AVERAGE SALARY RANGE $57,144 - $71,180 | COMPARE TO Colonia, NJ 0% |
JOB TITLE | LOCATION | MINIMUM SALARY | MAXIMUM SALARY |
---|---|---|---|
JOB TITLE Life Insurance Underwriter III | LOCATION Colonia, NJ | MINIMUM SALARY $98,000 | MAXIMUM SALARY $120,300 |
JOB TITLE Life Insurance Underwriter I | LOCATION Colonia, NJ | MINIMUM SALARY $56,570 | MAXIMUM SALARY $70,510 |
JOB TITLE Life Insurance Underwriter II | LOCATION Colonia, NJ | MINIMUM SALARY $71,550 | MAXIMUM SALARY $91,190 |
JOB TITLE Life Insurance Field Underwriter | LOCATION Colonia, NJ | MINIMUM SALARY $72,106 | MAXIMUM SALARY $87,758 |
JOB TITLE Senior Life Insurance Underwriter | LOCATION Colonia, NJ | MINIMUM SALARY $64,111 | MAXIMUM SALARY $83,179 |
JOB TITLE Underwriter (Life) II | LOCATION Colonia, NJ | MINIMUM SALARY $71,547 | MAXIMUM SALARY $91,183 |
About Colonia, New Jersey Colonia is an unincorporated community and census-designated place (CDP) located within Woodbridge Township, in Middlesex County, New Jersey, United S....More
Colonia, New Jersey area prices were up 1.5% from a year ago
Life Insurance Underwriter Salary in popular cities: Newark, Jersey City, Paterson
Recently searched related titles: Item Writer, Under Writer, Political Writer
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role
Jobs with a similar salary range to Life Insurance Underwriter : Carman Apprentice, Sop Writer, Insurance Underwriting Assistant