Life Insurance Underwriter Salary in Fence Lake, NM

Change City

How much does a Life Insurance Underwriter make in Fence Lake, NM? The average Life Insurance Underwriter salary in Fence Lake, NM is $52,626 as of August 27, 2024, but the salary range typically falls between $47,326 and $58,951. 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.

Search Life Insurance Underwriter Jobs in Fence Lake, NM

Develop a Job description

Pay Equity

2024 Compensation Trend

Benefits Consulting

Salary range for an Life Insurance Underwriter

$47,326 to $58,951

Employers: Find Surveys For This Job

Employers: Price Your Company Jobs

View Average Salary for United States
Adjust Life Insurance Underwriter Salary:
Select State
Select City in NM
Choose Similar Job
Pick Related Category
View Cost of Living in Fence Lake, New Mexico

For Employees

Get a Salary Increase

Analyze the market and your qualifications to negotiate your salary with confidence.

Search Job Openings

Search thousands of open positions to find your next opportunity.

For Employers

Adjust Employee Salary

Individualize employee pay based on unique job requirements and personal qualifications.

Price My Industry Jobs

Get the latest market price for benchmark jobs and jobs in your industry.

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.

Search Life Insurance Underwriter Job Openings

Job Openings for Life Insurance Underwriter in Fence Lake, NM

Licensed Insurance Sales Representative (Primarily Home)

Homesite - Youngtown , 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

International Broker III, Aon Global Client Network

Aon Hewitt - San Francisco , CA

Insurance program structure planning and design of alternatives. Provide benchmarking reports ... Senior international broker / underwriter with 10+ years of experience working on complex ...

JobLeads - 23 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

Submit Other Responsibilities

Not the job you're looking for? Search more salaries here:

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

Detailed skills and competency reports for specific positions
Job and employee pricing reports
Compensation data tools, salary structures, surveys and benchmarks.

Learn about

Life Insurance Underwriter Salary By Experience Levels in Fence Lake, NM

How much should you be earning in Life Insurance Underwriter in Fence Lake, NM based on your current experience?

Tell us how much experience you have and see an estimate of earnings and view how different experience leavels impact potential pay for Life Insurance Underwriter in Fence Lake, NM

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 Fence Lake, NM

Do you know how much should you be paid for a Life Insurance Underwriter position in Fence Lake, NM based on your education level?

Tell us about your education and see an estimate of earnings for Life Insurance Underwriter in Fence Lake, NM and well to know the impact of education on future careers.

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 Fence Lake, NM

Average Base Salary

Core compensation

47326

58951

52626

Average Total Cash Compensation

Includes base and annual incentives

49459

61495

54599

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 Fence Lake, NM. The base salary for Life Insurance Underwriter ranges from $47,326 to $58,951 with the average base salary of $52,626. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $49,459 to $61,495 with the average total cash compensation of $54,599.

View Average Salary for Life Insurance Underwriter as table

	Average Salary	Average Salary Range
Base Salary	$52,626	$47,326 - $58,951
Bonus	$1,974	$2,133 - $2,544
Total Pay	$54,599	$49,459 - $61,495

* 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 Fence Lake, NM

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Fence Lake, NM
CITY, STATE Rio Rancho, NM	AVERAGE SALARY RANGE $47,952 - $59,731	COMPARE TO Fence Lake, NM
CITY, STATE Albuquerque, NM	AVERAGE SALARY RANGE $48,106 - $59,923	COMPARE TO Fence Lake, NM
CITY, STATE Farmington, NM	AVERAGE SALARY RANGE $47,460 - $59,118	COMPARE TO Fence Lake, NM
CITY, STATE Santa Fe, NM	AVERAGE SALARY RANGE $48,349 - $60,226	COMPARE TO Fence Lake, NM
CITY, STATE Flagstaff, AZ	AVERAGE SALARY RANGE $48,068 - $59,875	COMPARE TO Fence Lake, NM
CITY, STATE Las Cruces, NM	AVERAGE SALARY RANGE $43,489 - $54,171	COMPARE TO Fence Lake, NM

See salaries for Life Insurance Underwriter in locations close to Fence Lake, NM. 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 Fence Lake, New Mexico

Fence Lake is a census-designated place located in southwestern Cibola County, New Mexico, United States. As of the 2010 census it had a population of 42. The area is largely ranchland, and there are few businesses there. According to local residents, the name was derived from the original settlers having to fence off a pond formed in a natural depression that was in the area, to keep animals from contaminating the water source. Fence Lake is located on New Mexico State Road 36, 33 miles (53 km) south of NM 53. It is 63 miles (101 km) south of Gallup and 40 miles (64 km) northwest of Quemado. ...

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

View Salary for Similar Jobs to Life Insurance Underwriter in Fence Lake, NM

See Additional Similar Jobs

Loading results...

JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Life Insurance Underwriter III	LOCATION Fence Lake, NM	MINIMUM SALARY $81,400	MAXIMUM SALARY $99,800
JOB TITLE Life Insurance Underwriter I	LOCATION Fence Lake, NM	MINIMUM SALARY $46,960	MAXIMUM SALARY $58,530
JOB TITLE Life Insurance Underwriter II	LOCATION Fence Lake, NM	MINIMUM SALARY $59,400	MAXIMUM SALARY $75,690
JOB TITLE Life Insurance Field Underwriter	LOCATION Fence Lake, NM	MINIMUM SALARY $59,759	MAXIMUM SALARY $72,729
JOB TITLE Senior Life Insurance Underwriter	LOCATION Fence Lake, NM	MINIMUM SALARY $64,611	MAXIMUM SALARY $83,830
JOB TITLE Underwriter (Life) II	LOCATION Fence Lake, NM	MINIMUM SALARY $59,392	MAXIMUM SALARY $75,687

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 Fence Lake, NM that might be a good fit for the type of job and salary you are looking for.

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

47326

58951

About Fence Lake, New Mexico Fence Lake is a census-designated place located in southwestern Cibola County, New Mexico, United States. As of the 2010 census it had a population of....More

Fence Lake, New Mexico area prices were up 2.5% from a year ago

Life Insurance Underwriter Salary in popular cities: Albuquerque, Las Cruces, Rio Rancho

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