How much does a Life Insurance Underwriter make in Medford, NJ? The average Life Insurance Underwriter salary in Medford, NJ is $59,444 as of April 24, 2024, but the salary range typically falls between $53,453 and $66,583. 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.
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Average Salary | Average Salary Range | |
---|---|---|
Base Salary | $59,444 | $53,453 - $66,583 |
Bonus | $2,230 | $2,407 - $2,878 |
Total Pay | $61,674 | $55,861 - $69,461 |
CITY, STATE | AVERAGE SALARY RANGE | COMPARE TO Medford, NJ |
---|---|---|
CITY, STATE Camden, NJ | AVERAGE SALARY RANGE $53,921 - $67,165 | COMPARE TO Medford, NJ |
CITY, STATE Philadelphia, PA | AVERAGE SALARY RANGE $53,921 - $67,165 | COMPARE TO Medford, NJ |
CITY, STATE Trenton, NJ | AVERAGE SALARY RANGE $55,420 - $69,034 | COMPARE TO Medford, NJ |
CITY, STATE Atlantic City, NJ | AVERAGE SALARY RANGE $54,427 - $67,796 | COMPARE TO Medford, NJ |
CITY, STATE Toms River, NJ | AVERAGE SALARY RANGE $55,844 - $69,562 | COMPARE TO Medford, NJ |
CITY, STATE Vineland, NJ | AVERAGE SALARY RANGE $54,017 - $67,286 | COMPARE TO Medford, NJ |
JOB TITLE | LOCATION | MINIMUM SALARY | MAXIMUM SALARY |
---|---|---|---|
JOB TITLE Life Insurance Underwriter III | LOCATION Medford, NJ | MINIMUM SALARY $91,700 | MAXIMUM SALARY $112,500 |
JOB TITLE Life Insurance Underwriter I | LOCATION Medford, NJ | MINIMUM SALARY $52,920 | MAXIMUM SALARY $65,960 |
JOB TITLE Life Insurance Underwriter II | LOCATION Medford, NJ | MINIMUM SALARY $66,940 | MAXIMUM SALARY $85,300 |
JOB TITLE Life Insurance Field Underwriter | LOCATION Medford, NJ | MINIMUM SALARY $67,429 | MAXIMUM SALARY $82,065 |
JOB TITLE Senior Life Insurance Underwriter | LOCATION Medford, NJ | MINIMUM SALARY $63,939 | MAXIMUM SALARY $82,960 |
JOB TITLE Underwriter (Life) I | LOCATION Medford, NJ | MINIMUM SALARY $52,915 | MAXIMUM SALARY $65,953 |
About Medford, New Jersey According to the United States Census Bureau, the township had a total area of 39.929 square miles (103.416 km2), including 38.921 square miles (100.8....More
Medford, New Jersey area prices were up 1.0% from a year ago
Life Insurance Underwriter Salary in popular cities: Newark, Jersey City, Paterson
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