Life Insurance Underwriter Salary in Colorado Springs, CO

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How much does a Life Insurance Underwriter make in Colorado Springs, CO? The average Life Insurance Underwriter salary in Colorado Springs, CO is $56,223 as of April 24, 2024, but the salary range typically falls between $50,557 and $62,975. 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

$50,557 to $62,975

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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 Colorado Springs, CO

PERSONAL LINE INSURANCE UNDERWRITER (EXPERIENCED)

DB Insurance - Honolulu , HI

... non-life insurance products and services. Currently, Home office's total assets are about 34.7 ... Personal Lines Insurance Underwriter (Experienced) Department: Hawaii Personal Lines (Homeowners ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 16 days ago

Virtual Commercial Insurance Underwriter

Wahve - Los Angeles , CA

b" Commercial Lines Underwriter - REMOTE Put your Insurance Experience to work - FROM HOME! At ... Our unique platform provides you with real work/life balance and allows you to customize your own ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 30 days ago

Account Executive - Insurance Underwriter

Meron Financial Agency - Portland , OR

... LIFE BALANCE ONE ON ONE MENTORSHIP CUTTING EDGE TECHNOLOGY PARTNERED WITH MORE THAN 60 PLUS A ... INSURANCE COMPANIES ( Foresters, Mutual of Omaha, Transamerica, Americo, Athene, F&G, SBLI, NLG ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 10 days ago

Trainee to Senior Underwriter - Commercial Underwriting

First Insurance Company of Hawaii - Honolulu , HI

Experience working with Hawaii Agency Plant Underwriter II (along with the above qualifications ... insurance rate, life and disability insurance options, and more! Tokio Marine Group of Companies ...

LinkedIn - 2 days ago

Underwriter

Lobel Financial Corporation - Buena Park , CA

The Underwriter is responsible for reviewing loan packages to ensure all aspects of the ... Optional life insurance * Paid holidays * Paid vacation and sick days Lobel Financial is an equal ...

ZipRecruiter - 81 days ago

Remote - Field Underwriter

Thompson Agency - Phoenix , AZ

As a field underwriter, you will call to set up appointments (virtually as needed) to meet with ... Life Insurance license - if you don't have one we will help you. NOTE: No agent's success, earnings ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 68 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 Colorado Springs, CO

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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 Colorado Springs, CO

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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 Colorado Springs, CO

Average Base Salary

Core compensation

50557

62975

56223

Average Total Cash Compensation

Includes base and annual incentives

52834

65697

58332

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 Colorado Springs, CO. The base salary for Life Insurance Underwriter ranges from $50,557 to $62,975 with the average base salary of $56,223. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $52,834 to $65,697 with the average total cash compensation of $58,332.

View Average Salary for Life Insurance Underwriter as table

	Average Salary	Average Salary Range
Base Salary	$56,223	$50,557 - $62,975
Bonus	$2,109	$2,277 - $2,722
Total Pay	$58,332	$52,834 - $65,697

* 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 Colorado Springs, CO

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Colorado Springs, CO
CITY, STATE Castle Rock, CO	AVERAGE SALARY RANGE $50,746 - $63,211	COMPARE TO Colorado Springs, CO
CITY, STATE Pueblo, CO	AVERAGE SALARY RANGE $47,681 - $59,393	COMPARE TO Colorado Springs, CO
CITY, STATE Aurora, CO	AVERAGE SALARY RANGE $51,605 - $64,281	COMPARE TO Colorado Springs, CO
CITY, STATE Denver, CO	AVERAGE SALARY RANGE $51,639 - $64,324	COMPARE TO Colorado Springs, CO
CITY, STATE Jefferson, CO	AVERAGE SALARY RANGE $51,731 - $64,437	COMPARE TO Colorado Springs, CO
CITY, STATE Arvada, CO	AVERAGE SALARY RANGE $51,639 - $64,324	COMPARE TO Colorado Springs, CO

See salaries for Life Insurance Underwriter in locations close to Colorado Springs, CO. 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 Colorado Springs, Colorado

Colorado Springs is a home rule municipality that is the largest city by area in Colorado as well as the county seat and the most populous municipality of El Paso County, Colorado, United States. Colorado Springs is located in the east central portion of the state. It is situated on Fountain Creek and is located 60 miles (97 km) south of the Colorado State Capitol in Denver. At 6,035 feet (1,839 m) the city stands over 1 mile (1.6 km) above sea level, though some areas of the city are significantly higher and lower. Colorado Springs is situated near the base of Pikes Peak, which rises 14,115 f...

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

View Salary for Similar Jobs to Life Insurance Underwriter in Colorado Springs, CO

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Life Insurance Underwriter III	LOCATION Colorado Springs, CO	MINIMUM SALARY $86,700	MAXIMUM SALARY $106,400
JOB TITLE Life Insurance Underwriter I	LOCATION Colorado Springs, CO	MINIMUM SALARY $50,050	MAXIMUM SALARY $62,380
JOB TITLE Life Insurance Underwriter II	LOCATION Colorado Springs, CO	MINIMUM SALARY $63,310	MAXIMUM SALARY $80,680
JOB TITLE Life Insurance Field Underwriter	LOCATION Colorado Springs, CO	MINIMUM SALARY $63,775	MAXIMUM SALARY $77,618
JOB TITLE Senior Life Insurance Underwriter	LOCATION Colorado Springs, CO	MINIMUM SALARY $63,939	MAXIMUM SALARY $82,960
JOB TITLE Underwriter (Life) I	LOCATION Colorado Springs, CO	MINIMUM SALARY $50,048	MAXIMUM SALARY $62,380

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 Colorado Springs, CO that might be a good fit for the type of job and salary you are looking for.

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50557

62975

About Colorado Springs, Colorado Colorado Springs is a home rule municipality that is the largest city by area in Colorado as well as the county seat and the most populous municipalit....More

Colorado Springs, Colorado area prices were up 2.3% from a year ago

Life Insurance Underwriter Salary in popular cities: Denver, Aurora, Fort Collins

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