Life Insurance Underwriter Salary in Socorro, NM

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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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Salary range for an Life Insurance Underwriter

$47,111 to $58,683

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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 Socorro, NM

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 - 43 days ago

Insurance Underwriting Intern

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

Life Insurance Field Underwriter

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

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 - 23 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 - 13 days ago

Financial Analyst/Underwriter - Construction Surety

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

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 Socorro, NM

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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 Socorro, NM

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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 Socorro, NM

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.

View Average Salary for Life Insurance Underwriter as table

	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.

Life Insurance Underwriter Salary Near Socorro, NM

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.

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 the population was 8,906. It is the county seat of Socorro County. Socorro is located 74 miles (119 km) south of Albuquerque and 146 miles (235 km) north of Las Cruces....

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

View Salary for Similar Jobs to Life Insurance Underwriter in Socorro, NM

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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: Albuquerque, Las Cruces, Rio Rancho

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