How much does a Life Insurance Underwriter make in Ocate, NM? The average Life Insurance Underwriter salary in Ocate, NM is $52,670 as of May 28, 2024, but the salary range typically falls between $47,365 and $59,000. 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 | $52,670 | $47,365 - $59,000 |
Bonus | $1,975 | $2,135 - $2,546 |
Total Pay | $54,645 | $49,500 - $61,546 |
CITY, STATE | AVERAGE SALARY RANGE | COMPARE TO Ocate, NM |
---|---|---|
CITY, STATE Santa Fe, NM | AVERAGE SALARY RANGE $48,129 - $59,951 | COMPARE TO Ocate, NM |
CITY, STATE Rio Rancho, NM | AVERAGE SALARY RANGE $47,734 - $59,459 | COMPARE TO Ocate, NM |
CITY, STATE Albuquerque, NM | AVERAGE SALARY RANGE $47,887 - $59,649 | COMPARE TO Ocate, NM |
CITY, STATE Pueblo, CO | AVERAGE SALARY RANGE $47,793 - $59,533 | COMPARE TO Ocate, NM |
CITY, STATE Clovis, NM | AVERAGE SALARY RANGE $45,881 - $57,151 | COMPARE TO Ocate, NM |
CITY, STATE Farmington, NM | AVERAGE SALARY RANGE $47,244 - $58,849 | COMPARE TO Ocate, NM |
JOB TITLE | LOCATION | MINIMUM SALARY | MAXIMUM SALARY |
---|---|---|---|
JOB TITLE Life Insurance Underwriter III | LOCATION Ocate, NM | MINIMUM SALARY $81,300 | MAXIMUM SALARY $99,700 |
JOB TITLE Life Insurance Underwriter I | LOCATION Ocate, NM | MINIMUM SALARY $46,890 | MAXIMUM SALARY $58,450 |
JOB TITLE Life Insurance Underwriter II | LOCATION Ocate, NM | MINIMUM SALARY $59,310 | MAXIMUM SALARY $75,580 |
JOB TITLE Life Insurance Field Underwriter | LOCATION Ocate, NM | MINIMUM SALARY $59,767 | MAXIMUM SALARY $72,741 |
JOB TITLE Senior Life Insurance Underwriter | LOCATION Ocate, NM | MINIMUM SALARY $64,111 | MAXIMUM SALARY $83,179 |
JOB TITLE Underwriter (Life) II | LOCATION Ocate, NM | MINIMUM SALARY $59,303 | MAXIMUM SALARY $75,579 |
About Ocate, New Mexico Ocate is an unincorporated community located in Mora County, New Mexico, United States. The community is located at the junction of New Mexico State R....More
Ocate, New Mexico area prices were up 2.5% from a year ago
Life Insurance Underwriter Salary in popular cities: Albuquerque, Las Cruces, Rio Rancho
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