Life Insurance Underwriter Salary in Rochester, NY

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How much does a Life Insurance Underwriter make in Rochester, NY? The average Life Insurance Underwriter salary in Rochester, NY is $55,729 as of May 28, 2024, but the salary range typically falls between $50,115 and $62,426. 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

$50,115 to $62,426

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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 Rochester, NY

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 - 19 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 - 33 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 - 13 days ago

Commercial Insurance Underwriter

CRC Insurance Services - Dallas , TX

Underwrites new and renewal business, approves policy changes, maintain workload, and controls ... Truist offers medical, dental, vision, life insurance, disability, accidental death and ...

LinkedIn - 15 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 - 5 days ago

Inside Production Underwriter (Backup Renewal Underwriter) - Hybrid

Selective Insurance - Allentown , PA

Description At Selective, we don't just insure uniquely, we employ uniqueness. Our Business ... life. These benefits include comprehensive health care plans, retirement savings plan with company ...

Latpro - Diversity Jobs - 2 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 Rochester, NY

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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 Rochester, NY

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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 Rochester, NY

Average Base Salary

Core compensation

50115

62426

55729

Average Total Cash Compensation

Includes base and annual incentives

52374

65119

57818

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 Rochester, NY. The base salary for Life Insurance Underwriter ranges from $50,115 to $62,426 with the average base salary of $55,729. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $52,374 to $65,119 with the average total cash compensation of $57,818.

View Average Salary for Life Insurance Underwriter as table

	Average Salary	Average Salary Range
Base Salary	$55,729	$50,115 - $62,426
Bonus	$2,090	$2,259 - $2,694
Total Pay	$57,818	$52,374 - $65,119

* 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 Rochester, NY

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Rochester, NY
CITY, STATE Henrietta, NY	AVERAGE SALARY RANGE $50,207 - $62,539	COMPARE TO Rochester, NY
CITY, STATE Buffalo, NY	AVERAGE SALARY RANGE $49,724 - $61,938	COMPARE TO Rochester, NY
CITY, STATE Niagara Falls, NY	AVERAGE SALARY RANGE $49,622 - $61,812	COMPARE TO Rochester, NY
CITY, STATE Clay, NY	AVERAGE SALARY RANGE $50,652 - $63,094	COMPARE TO Rochester, NY
CITY, STATE Syracuse, NY	AVERAGE SALARY RANGE $50,652 - $63,094	COMPARE TO Rochester, NY
CITY, STATE Jamestown, NY	AVERAGE SALARY RANGE $48,236 - $60,085	COMPARE TO Rochester, NY

See salaries for Life Insurance Underwriter in locations close to Rochester, 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.

About Rochester, New York

Rochester is at 43°9′56″N 77°36′41″W / 43.16556°N 77.61139°W / 43.16556; -77.61139 (43.165496, −77.611504). The city is about 73 miles (120 km) east-northeast of Buffalo and about 87 miles (140 km) west of Syracuse and Albany, the state capital is 226 miles (360 km) to the east ; it sits on Lake Ontario's southern shore. The Genesee River bisects the city. Toronto, Canada is northwest 168 miles (270 km) and New York City is about 350 miles (560 km) to the southeast. According to the United States Census Bureau, the city has a total area of 37.1 square miles (96 km2), of which 35.8 square m...

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

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JOB TITLE Life Insurance Underwriter III	LOCATION Rochester, NY	MINIMUM SALARY $86,000	MAXIMUM SALARY $105,500
JOB TITLE Life Insurance Underwriter I	LOCATION Rochester, NY	MINIMUM SALARY $49,620	MAXIMUM SALARY $61,840
JOB TITLE Life Insurance Underwriter II	LOCATION Rochester, NY	MINIMUM SALARY $62,750	MAXIMUM SALARY $79,970
JOB TITLE Life Insurance Field Underwriter	LOCATION Rochester, NY	MINIMUM SALARY $63,237	MAXIMUM SALARY $76,964
JOB TITLE Senior Life Insurance Underwriter	LOCATION Rochester, NY	MINIMUM SALARY $64,111	MAXIMUM SALARY $83,179
JOB TITLE Underwriter (Life) II	LOCATION Rochester, NY	MINIMUM SALARY $62,747	MAXIMUM SALARY $79,968

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 Rochester, NY that might be a good fit for the type of job and salary you are looking for.

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50115

62426

About Rochester, New York Rochester is at 43°9′56″N 77°36′41″W / 43.16556°N 77.61139°W / 43.16556; -77.61139 (43.165496, −77.611504). The city is about 73 miles (120 km) eas....More

Rochester, New York area prices were up 1.5% from a year ago

Life Insurance Underwriter Salary in popular cities: New York, Buffalo, Yonkers

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