Life Insurance Underwriter Salary in Little Falls, NJ

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How much does a Life Insurance Underwriter make in Little Falls, NJ? The average Life Insurance Underwriter salary in Little Falls, NJ is $65,187 as of May 28, 2024, but the salary range typically falls between $58,621 and $73,020. 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

$58,621 to $73,020

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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.

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Job Openings for Life Insurance Underwriter in Little Falls, NJ

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 - 20 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 - 34 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 - 14 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 - 4 days ago

Underwriting Assistant/Associate Account Manager

New Century Insurance Services, Inc. - Alhambra , CA

... Underwriting Assistant/Associate Account Manager. Whether you are new to the industry or have a ... Life Insurance 401K availability Holiday & Paid Time Off Hybrid, Flexible work structure once able ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - Today

Commercial/Business Banking Underwriter - Chino, CA

California Bank & Trust - Chino , CA

We are looking for a Commercial/Business Banking Underwriter in Chino, CA.Essential Functions ... Life and Disability Insurance, Paid Paternal Leave, and Adoption Assistance* Health Savings (HSA ...

MyJobHelper - 12 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 Little Falls, 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 Little Falls, 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 Little Falls, NJ

Average Base Salary

Core compensation

58621

73020

65187

Average Total Cash Compensation

Includes base and annual incentives

61263

76171

67631

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 Little Falls, NJ. The base salary for Life Insurance Underwriter ranges from $58,621 to $73,020 with the average base salary of $65,187. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $61,263 to $76,171 with the average total cash compensation of $67,631.

View Average Salary for Life Insurance Underwriter as table

	Average Salary	Average Salary Range
Base Salary	$65,187	$58,621 - $73,020
Bonus	$2,444	$2,642 - $3,151
Total Pay	$67,631	$61,263 - $76,171

* 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 Little Falls, NJ

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Little Falls, NJ
CITY, STATE Clifton, NJ	AVERAGE SALARY RANGE $58,723 - $73,147	COMPARE TO Little Falls, NJ
CITY, STATE Passaic, NJ	AVERAGE SALARY RANGE $58,723 - $73,147	COMPARE TO Little Falls, NJ
CITY, STATE Paterson, NJ	AVERAGE SALARY RANGE $58,723 - $73,147	COMPARE TO Little Falls, NJ
CITY, STATE Bloomfield, NJ	AVERAGE SALARY RANGE $58,723 - $73,147	COMPARE TO Little Falls, NJ
CITY, STATE West Orange, NJ	AVERAGE SALARY RANGE $57,653 - $71,815	COMPARE TO Little Falls, NJ
CITY, STATE East Orange, NJ	AVERAGE SALARY RANGE $57,653 - $71,815	COMPARE TO Little Falls, NJ

See salaries for Life Insurance Underwriter in locations close to Little Falls, 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 Little Falls, New Jersey

Little Falls is a township in Passaic County, New Jersey, United States. The township was named for a waterfall on the Passaic River at a dam near Beattie Mill. As of the 2010 census, the township's population was 14,432, reflecting an increase of 3,577 (+33.0%) from the 10,855 counted in the 2000 Census, which had in turn declined by 439 (-3.9%) from the 11,294 counted in the 1990 Census. According to the United States Census Bureau, the township had a total area of 2.810 square miles (7.277 km2), including 2.735 square miles (7.084 km2) of land and 0.075 square miles (0.193 km2) of water (2....

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

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

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Life Insurance Underwriter III	LOCATION Little Falls, NJ	MINIMUM SALARY $100,600	MAXIMUM SALARY $123,400
JOB TITLE Life Insurance Underwriter I	LOCATION Little Falls, NJ	MINIMUM SALARY $58,040	MAXIMUM SALARY $72,330
JOB TITLE Life Insurance Underwriter II	LOCATION Little Falls, NJ	MINIMUM SALARY $73,400	MAXIMUM SALARY $93,540
JOB TITLE Life Insurance Field Underwriter	LOCATION Little Falls, NJ	MINIMUM SALARY $73,970	MAXIMUM SALARY $90,026
JOB TITLE Senior Life Insurance Underwriter	LOCATION Little Falls, NJ	MINIMUM SALARY $64,111	MAXIMUM SALARY $83,179
JOB TITLE Underwriter (Life) II	LOCATION Little Falls, NJ	MINIMUM SALARY $73,396	MAXIMUM SALARY $93,540

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

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58621

73020

About Little Falls, New Jersey Little Falls is a township in Passaic County, New Jersey, United States. The township was named for a waterfall on the Passaic River at a dam near Bea....More

Little Falls, 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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