What is the salary range of Life Insurance Underwriter?

As of December 01, 2024, the average annual pay of Life Insurance Underwriter in New York, NY is $67,057. While Salary.com is seeing that Life Insurance Underwriter salary in New York, NY can go up to $82,449 or down to $54,159, but most earn between $60,306 and $75,114. 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
$60,306 to $75,114
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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 York, NY
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How much should you be earning in Life Insurance Underwriter in New York, NY based on your current experience?
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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.
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LEVEL OF EDUCATION

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Average Base Salary

Core compensation

 
 
 
60306
75114
67057

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
63022
78356
69572
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 York, NY. The base salary for Life Insurance Underwriter ranges from $60,306 to $75,114 with the average base salary of $67,057. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $63,022 to $78,356 with the average total cash compensation of $69,572.
Average Salary Average Salary Range
Base Salary $67,057 $60,306 - $75,114
Bonus $2,515 $2,716 - $3,242
Total Pay $69,572 $63,022 - $78,356
* 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 York, NY
CITY, STATE West New York, NJ AVERAGE SALARY RANGE $60,667 - $75,564 COMPARE TO New York, NY
CITY, STATE Hoboken, NJ AVERAGE SALARY RANGE $60,667 - $75,564 COMPARE TO New York, NY
CITY, STATE Union City, NJ AVERAGE SALARY RANGE $60,667 - $75,564 COMPARE TO New York, NY
CITY, STATE Jersey City, NJ AVERAGE SALARY RANGE $60,667 - $75,564 COMPARE TO New York, NY
CITY, STATE Bronx, NY AVERAGE SALARY RANGE $60,667 - $75,564 COMPARE TO New York, NY
CITY, STATE Brooklyn, NY AVERAGE SALARY RANGE $60,667 - $75,564 COMPARE TO New York, NY
See salaries for Life Insurance Underwriter in locations close to New York, NY. 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 York, NY MINIMUM SALARY $103,500 MAXIMUM SALARY $126,900
JOB TITLE Life Insurance Underwriter I LOCATION New York, NY MINIMUM SALARY $59,710 MAXIMUM SALARY $74,410
JOB TITLE Life Insurance Underwriter II LOCATION New York, NY MINIMUM SALARY $75,520 MAXIMUM SALARY $96,230
JOB TITLE Life Insurance Field Underwriter LOCATION New York, NY MINIMUM SALARY $76,251 MAXIMUM SALARY $92,799
JOB TITLE Senior Life Insurance Underwriter LOCATION New York, NY MINIMUM SALARY $66,188 MAXIMUM SALARY $84,999
JOB TITLE Underwriter (Life) I LOCATION New York, NY MINIMUM SALARY $59,700 MAXIMUM SALARY $74,403
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 York, NY that might be a good fit for the type of job and salary you are looking for.

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60306
75114

 

About New York, New York    The City of New York, usually called either New York City (NYC) or simply New York (NY), is the most populous city in the United States. With an estim....More

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

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