Life Insurance Underwriter Salary in Elwood, NJ

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How much does a Life Insurance Underwriter make in Elwood, NJ? The average Life Insurance Underwriter salary in Elwood, NJ is $60,122 as of April 24, 2024, but the salary range typically falls between $54,063 and $67,343. 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

$54,063 to $67,343

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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 Elwood, NJ

Insurance Underwriter

Keenan - Torrance , CA

The Underwriter provides underwriting and analytical work for medical, dental, vision, life ... Keenan, an Accretive company, is an insurance brokerage and consulting firm meeting the insurance ...

LinkedIn - 1 day ago

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 - 15 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 - 29 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 - 9 days ago

Life Insurance Field Underwriter

AMG S Group - Philadelphia , PA

Welcome to the exciting world of life insurance! As a full-time or part-time remote life insurance agent, you'll be more than just a salesperson, by helping clients secure their futures. Your main ...

ZipRecruiter - 11 days ago

Underwriting Consultant - 1056

Security Mutual Life Insurance - Houston , TX

Chartered Life Underwriter (CLU) and industry involvement through participation (board member ... Security Mutual Life is a leading provider of life insurance

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 16 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 Elwood, NJ

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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 Elwood, NJ

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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 Elwood, NJ

Average Base Salary

Core compensation

54063

67343

60122

Average Total Cash Compensation

Includes base and annual incentives

56498

70253

62377

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 Elwood, NJ. The base salary for Life Insurance Underwriter ranges from $54,063 to $67,343 with the average base salary of $60,122. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $56,498 to $70,253 with the average total cash compensation of $62,377.

View Average Salary for Life Insurance Underwriter as table

	Average Salary	Average Salary Range
Base Salary	$60,122	$54,063 - $67,343
Bonus	$2,255	$2,435 - $2,910
Total Pay	$62,377	$56,498 - $70,253

* 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 Elwood, NJ

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Elwood, NJ
CITY, STATE Atlantic City, NJ	AVERAGE SALARY RANGE $54,427 - $67,796	COMPARE TO Elwood, NJ
CITY, STATE Vineland, NJ	AVERAGE SALARY RANGE $54,017 - $67,286	COMPARE TO Elwood, NJ
CITY, STATE Camden, NJ	AVERAGE SALARY RANGE $53,921 - $67,165	COMPARE TO Elwood, NJ
CITY, STATE Philadelphia, PA	AVERAGE SALARY RANGE $53,921 - $67,165	COMPARE TO Elwood, NJ
CITY, STATE Toms River, NJ	AVERAGE SALARY RANGE $55,844 - $69,562	COMPARE TO Elwood, NJ
CITY, STATE Lakewood, NJ	AVERAGE SALARY RANGE $56,700 - $70,628	COMPARE TO Elwood, NJ

See salaries for Life Insurance Underwriter in locations close to Elwood, NJ. 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 Elwood, New Jersey

Elwood is an unincorporated community and census-designated place (CDP) located within Mullica Township in Atlantic County, New Jersey, United States. As of the 2010 United States Census, the CDP's population was 1,437. At previous censuses, the area was listed by the U.S. Census Bureau as the Elwood-Magnolia CDP. The area is served as United States Postal Service ZIP code 08217. According to the United States Census Bureau, Elwood had a total area of 3.206 square miles (8.304 km2), including 3.205 square miles (8.301 km2) of land and 0.001 square miles (0.002 km2) of water (0.03%)....

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

View Salary for Similar Jobs to Life Insurance Underwriter in Elwood, NJ

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Life Insurance Underwriter III	LOCATION Elwood, NJ	MINIMUM SALARY $92,800	MAXIMUM SALARY $113,800
JOB TITLE Life Insurance Underwriter I	LOCATION Elwood, NJ	MINIMUM SALARY $53,520	MAXIMUM SALARY $66,710
JOB TITLE Life Insurance Underwriter II	LOCATION Elwood, NJ	MINIMUM SALARY $67,700	MAXIMUM SALARY $86,270
JOB TITLE Life Insurance Field Underwriter	LOCATION Elwood, NJ	MINIMUM SALARY $68,198	MAXIMUM SALARY $83,001
JOB TITLE Senior Life Insurance Underwriter	LOCATION Elwood, NJ	MINIMUM SALARY $63,939	MAXIMUM SALARY $82,960
JOB TITLE Underwriter (Life) I	LOCATION Elwood, NJ	MINIMUM SALARY $53,519	MAXIMUM SALARY $66,705

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 Elwood, NJ that might be a good fit for the type of job and salary you are looking for.

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54063

67343

About Elwood, New Jersey Elwood is an unincorporated community and census-designated place (CDP) located within Mullica Township in Atlantic County, New Jersey, United States.....More

Elwood, New Jersey area prices were up 1.5% from a year ago

Life Insurance Underwriter Salary in popular cities: Newark, Jersey City, Paterson

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