Independence Life and Annuity Co Salary

Independence Life and Annuity Co Salary

How much does the Independence Life and Annuity Co Pay for employees?

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As of August 2026, the average annual salary for employees at Independence Life and Annuity Co in the United States is $109,889. This translates to an approximate hourly wage of $53. Salaries at Independence Life and Annuity Co typically range from $96,629 to $124,353 annually, reflecting the diverse roles and experience levels within the company. Independence Life and Annuity Co’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Current Job Openings at Independence Life and Annuity Co

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Is Independence Life and Annuity Co’s Pay Competitive? Salary Benchmarking Analysis

How does Independence Life and Annuity Co’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Independence Life and Annuity Co
Insurance
State Security Life Insurance Co
American Family Life Assurance Company of Columbus
Industry Comparison
Our data shows that, on average, compensation at Independence Life and Annuity Co is below the average for the U.S. Insurance industry by approximately 11%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Independence Life and Annuity Co average annual salary with several similar companies. Independence Life and Annuity Co average salary of $109,889 is higher than State Security Life Insurance Co, which has an average salary of $90,818. It is higher than American Family Life Assurance Company of Columbus, with their average salary at $90,196. This places Independence Life and Annuity Co in a competitive position among its peers.
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How Independence Life and Annuity Co's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Independence Life and Annuity Co. Click a company name to learn more.

Employee Reviews: Working at Independence Life and Annuity Co

Considering a career at Independence Life and Annuity Co? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Training is adequate, and processes are well-structured. The company also encourages volunteering, which fosters team bonding. Communication from leadership is consistent. I’ve had a fantastic experience here. I’ve been with this insurance firm for over two years, and it’s been a great journey.
Commented in February 17, 2025
41
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This is a fantastic place for insurance professionals. With thousands of employees, networking opportunities are plentiful, and mentorship programs help newer hires integrate smoothly. Managers are approachable, and teamwork is highly encouraged. The company offers great training and development programs. I appreciate the recognition for hard work, whether through bonuses or verbal acknowledgment....
Commented in July 23, 2024
42
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The insurance industry can be complex, but the training here is excellent. Colleagues are cooperative, and the office environment is professional. The office spaces are modern, and flexible scheduling is a big plus. Great workplace with a focus on employee well-being.
Commented in May 15, 2024
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Flexible scheduling is a plus, and the benefits are comprehensive. Colleagues are respectful and easy to work with. There’s not much flexibility in roles, but the stability makes up for it. The benefits package is competitive, including health coverage and retirement plans.
Commented in May 02, 2024
41
1
Training is adequate, though more specialized courses would be helpful. Work-life balance is respected, and the benefits package is comprehensive. The culture is collaborative, and innovation is encouraged. The company is stable, with a strong presence in the insurance market. Communication from upper management is consistent.
Commented in March 04, 2024
29
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Independence Life and Annuity Co Overview

Website
Data pending, update soon.
Founded In
1994
Employees
50 - 100 employees
Industry
Insurance
Headquarter Address
1 Sun Life Executive Park Wellesley Hills Massachusetts MA 02481
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About Independence Life and Annuity Co
Independence Life and Annuity Co is a company that operates in the Insurance industry. It employs 51-100 people and has $10M-$25M of revenue. The company is headquartered in Wellesley Hills, Massachusetts.

What Benefits Does Independence Life and Annuity Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. Independence Life and Annuity Co offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Newton?

Understanding the cost of living near Newton is key to truly evaluating a salary offer or your current compensation at Independence Life and Annuity Co.
Newton's Cost of Living Index is approximately 201.5 (101.5% more expensive than US average; 52.0% more than MA average). Affluent Boston suburb, excellent schools, extremely high housing costs. MBTA Green Line/bus. When planning your budget based on a salary from Independence Life and Annuity Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,900 - $4,500+ A significant portion of Independence Life and Annuity Co salary. Location choices impact this heavily.
Utilities (Basic) $190 - $300 Electricity, Heating, Cooling, Water etc.
Public Transportation $90 (MBTA LinkPass monthly) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $530 - $820 Can be higher with more dining out or specialty stores.
Personal & Leisure $650 - $1,200+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $470 - $900+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,830 - $7,720+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Independence Life and Annuity Co

1. What is the typical salary range (low to high) for most roles at Independence Life and Annuity Co?

The typical annual salary range for most roles at Independence Life and Annuity Co is approximately from $96,629 to $124,353. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Independence Life and Annuity Co pay compared to State Security Life Insurance Co?

The average annual salary at Independence Life and Annuity Co is $109,889, or an hourly wage of $53, in comparison to State Security Life Insurance Co which pays $90,818 per year or $44 per hour.

3. How does experience level affect salary at Independence Life and Annuity Co?

Experience level is a significant factor in determining salary at Independence Life and Annuity Co, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

4. How can I determine if a salary offer from Independence Life and Annuity Co in Newton is fair given the local cost of living?

To determine if a salary offer from Independence Life and Annuity Co in Newton is fair, first compare the gross salary to our data for similar roles at Independence Life and Annuity Co and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Newton" to understand its purchasing power.

5. What factors influence salary increases at Independence Life and Annuity Co?

Salary increases at Independence Life and Annuity Co are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.

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