How much does a Life Insurance Underwriter make in Socorro, NM? The average Life Insurance Underwriter salary in Socorro, NM is $52,387 as of May 28, 2024, but the salary range typically falls between $47,111 and $58,683. 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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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 Socorro, NM
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 - 43 days ago
DB Insurance - Anaheim , CA
... Insurance Underwriting. This part-time intern position will have fixed work hours based on ... Is one of the largest non-life insurance companies based in South Korea. DB Insurance Co., Ltd. (U
ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 15 days ago
AMG S Group - Los Angeles , CA
Welcome to the exciting world of life insurance! As a full-time or part-time remote life insurance agent, you'll be more than just a salesperson, by helping clients secure their futures. Your main ...
ZipRecruiter - 8 days ago
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 - 23 days ago
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 - 13 days ago
Travelers Insurance - Diamond Bar , CA
Bond & Specialty Insurance provides management and professional liability insurance, as well as ... support your daily life needs. * Volunteer Encouragement: We have a deep commitment to the ...
Lensa - 53 days ago
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How much should you be earning in Life Insurance Underwriter in Socorro, NM 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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Tell us about your education and see an estimate of earnings for Life Insurance Underwriter in Socorro, NM and well to know the impact of education on future careers.

LEVEL OF EDUCATION

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Average Base Salary

Core compensation

 
 
 
47111
58683
52387

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
49234
61215
54352
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 Socorro, NM. The base salary for Life Insurance Underwriter ranges from $47,111 to $58,683 with the average base salary of $52,387. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $49,234 to $61,215 with the average total cash compensation of $54,352.
Average Salary Average Salary Range
Base Salary $52,387 $47,111 - $58,683
Bonus $1,964 $2,123 - $2,532
Total Pay $54,352 $49,234 - $61,215
* 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 Socorro, NM
CITY, STATE Albuquerque, NM AVERAGE SALARY RANGE $47,887 - $59,649 COMPARE TO Socorro, NM
CITY, STATE Rio Rancho, NM AVERAGE SALARY RANGE $47,734 - $59,459 COMPARE TO Socorro, NM
CITY, STATE Alamogordo, NM AVERAGE SALARY RANGE $45,430 - $56,589 COMPARE TO Socorro, NM
CITY, STATE Las Cruces, NM AVERAGE SALARY RANGE $43,291 - $53,925 COMPARE TO Socorro, NM
CITY, STATE Santa Fe, NM AVERAGE SALARY RANGE $48,129 - $59,951 COMPARE TO Socorro, NM
CITY, STATE Roswell, NM AVERAGE SALARY RANGE $44,666 - $55,637 COMPARE TO Socorro, NM
See salaries for Life Insurance Underwriter in locations close to Socorro, NM. 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 Socorro, NM MINIMUM SALARY $80,800 MAXIMUM SALARY $99,200
JOB TITLE Life Insurance Underwriter I LOCATION Socorro, NM MINIMUM SALARY $46,640 MAXIMUM SALARY $58,130
JOB TITLE Life Insurance Underwriter II LOCATION Socorro, NM MINIMUM SALARY $58,990 MAXIMUM SALARY $75,180
JOB TITLE Life Insurance Field Underwriter LOCATION Socorro, NM MINIMUM SALARY $59,446 MAXIMUM SALARY $72,349
JOB TITLE Senior Life Insurance Underwriter LOCATION Socorro, NM MINIMUM SALARY $64,111 MAXIMUM SALARY $83,179
JOB TITLE Underwriter (Life) II LOCATION Socorro, NM MINIMUM SALARY $58,985 MAXIMUM SALARY $75,173
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 Socorro, NM that might be a good fit for the type of job and salary you are looking for.

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47111
58683

 

About Socorro, New Mexico    Socorro is a city in Socorro County in the U.S. state of New Mexico. It is in the Rio Grande Valley at an elevation of 4,579 feet (1,396 m). In 2012 t....More

Socorro, New Mexico  area prices were up 2.5% from a year ago

Life Insurance Underwriter Salary in popular cities: AlbuquerqueLas CrucesRio Rancho

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