What is the salary range of Life Insurance Underwriter?

As of December 01, 2024, the average annual pay of Life Insurance Underwriter in New Bedford, MA is $60,800. While Salary.com is seeing that Life Insurance Underwriter salary in New Bedford, MA can go up to $74,755 or down to $49,105, but most earn between $54,678 and $68,104. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Life Insurance Underwriter in the United States.

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Salary range for an Life Insurance Underwriter
$54,678 to $68,104
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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.

Job Openings for Life Insurance Underwriter in New Bedford, MA
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RELEVANT JOB EXPERIENCE

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LEVEL OF EDUCATION

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Average Base Salary

Core compensation

 
 
 
54678
68104
60800

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
57141
71044
63080
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 New Bedford, MA. The base salary for Life Insurance Underwriter ranges from $54,678 to $68,104 with the average base salary of $60,800. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $57,141 to $71,044 with the average total cash compensation of $63,080.
Average Salary Average Salary Range
Base Salary $60,800 $54,678 - $68,104
Bonus $2,280 $2,463 - $2,940
Total Pay $63,080 $57,141 - $71,044
* 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.
CITY, STATE AVERAGE SALARY RANGE COMPARE TO New Bedford, MA
CITY, STATE Fall River, MA AVERAGE SALARY RANGE $54,936 - $68,426 COMPARE TO New Bedford, MA
CITY, STATE Tiverton, RI AVERAGE SALARY RANGE $54,885 - $68,361 COMPARE TO New Bedford, MA
CITY, STATE Taunton, MA AVERAGE SALARY RANGE $56,330 - $70,162 COMPARE TO New Bedford, MA
CITY, STATE Newport, RI AVERAGE SALARY RANGE $54,668 - $68,091 COMPARE TO New Bedford, MA
CITY, STATE East Providence, RI AVERAGE SALARY RANGE $54,368 - $67,718 COMPARE TO New Bedford, MA
CITY, STATE Plymouth, MA AVERAGE SALARY RANGE $55,791 - $69,490 COMPARE TO New Bedford, MA
See salaries for Life Insurance Underwriter in locations close to New Bedford, MA. 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.
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JOB TITLE LOCATION MINIMUM SALARY MAXIMUM SALARY
JOB TITLE Life Insurance Underwriter III LOCATION New Bedford, MA MINIMUM SALARY $93,800 MAXIMUM SALARY $115,100
JOB TITLE Life Insurance Underwriter I LOCATION New Bedford, MA MINIMUM SALARY $54,130 MAXIMUM SALARY $67,460
JOB TITLE Life Insurance Underwriter II LOCATION New Bedford, MA MINIMUM SALARY $68,470 MAXIMUM SALARY $87,250
JOB TITLE Life Insurance Field Underwriter LOCATION New Bedford, MA MINIMUM SALARY $69,135 MAXIMUM SALARY $84,139
JOB TITLE Senior Life Insurance Underwriter LOCATION New Bedford, MA MINIMUM SALARY $66,188 MAXIMUM SALARY $84,999
JOB TITLE Underwriter (Life) I LOCATION New Bedford, MA MINIMUM SALARY $54,129 MAXIMUM SALARY $67,460
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 New Bedford, MA that might be a good fit for the type of job and salary you are looking for.

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54678
68104

 

About New Bedford, Massachusetts    New Bedford is a city in Bristol County, Massachusetts, United States. As of the 2010 census, the city had a total population of 95,072, making it the....More

New Bedford, Massachusetts  area prices were up 1.6% from a year ago

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