Independence Life & Annuity Co Salary

Independence Life & Annuity Co Salary

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

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As of August 2026, the average annual salary for employees at Independence Life & Annuity Co in the United States is $102,706. This translates to an approximate hourly wage of $49. Salaries at Independence Life & Annuity Co typically range from $90,316 to $116,196 annually, reflecting the diverse roles and experience levels within the company. Independence Life & 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 & Annuity Co

Ready for your next career move? Explore current job openings at Independence Life & Annuity Co. Use the search tool below to find available positions by title and location and apply directly to start your career.

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

How does Independence Life & 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 & Annuity Co
Insurance
Standard Security Life Insurance Co of NY
AIG Life & Retirement
Industry Comparison
Our data shows that, on average, compensation at Independence Life & Annuity Co is below the average for the U.S. Insurance industry by approximately 17%. 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 & Annuity Co average annual salary with several similar companies. Independence Life & Annuity Co average salary of $102,706 is lower than Standard Security Life Insurance Co of NY, which has an average salary of $114,477. It is lower than AIG Life & Retirement, with their average salary at $108,233. This places Independence Life & Annuity Co in a developing position among its peers.
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How Independence Life & 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 & Annuity Co. Click a company name to learn more.

Employee Reviews: Working at Independence Life & Annuity Co

Considering a career at Independence Life & 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.
There’s not much flexibility in roles, but the stability makes up for it. The insurance industry is competitive, but the company provides the tools for success. I appreciate the company’s commitment to employee well-being. The leadership team is inspiring, and the work environment is inclusive. The benefits package is excellent, making it a top choice in the insurance industry.
Commented in March 09, 2025
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A great employer for those passionate about insurance. The insurance industry is fast-paced, but teamwork makes it manageable. I’ve been with this insurance firm for over two years, and it’s been a great journey. The insurance industry can be complex, but the training here is excellent. Career advancement opportunities exist for those who take initiative. The hybrid work arrangement is a plus, tho...
Commented in October 23, 2024
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It’s a good fit for those who prefer a steady, low-drama workplace. I see myself growing here long-term. Excellent benefits package and work flexibility. Leadership is transparent about company goals, which fosters trust. The workload is consistent, and processes are well-documented.
Commented in January 21, 2024
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Independence Life & Annuity Co Overview

Website
Data pending, update soon.
Founded In
1987
Employees
50 - 100 employees
Industry
Insurance
Headquarter Address
1209 Orange St Wilmington Delaware DE 19801
Revenue
$5 Million - $10 Million
Phone Number
-
Social Media
About Independence Life & Annuity Co
Independence Life & Annuity Co is a company that operates in the Insurance industry. It employs 51-100 people and has $5M-$10M of revenue. The company is headquartered in Wilmington, Delaware.

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

A competitive compensation package is more than just a salary. Independence Life & 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 Wilmington?

Understanding the cost of living near Wilmington is key to truly evaluating a salary offer or your current compensation at Independence Life & Annuity Co.
Wilmington's Cost of Living Index is approximately 98.5 (1.5% less expensive than US average; 4.3% less than DE average). Largest DE city, financial center, relatively affordable housing for a mid-Atlantic city. DART First State, SEPTA/Amtrak. When planning your budget based on a salary from Independence Life & Annuity Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,200 - $1,800+ A significant portion of Independence Life & Annuity Co salary. Location choices impact this heavily.
Utilities (Basic) $160 - $260 Electricity, Heating, Cooling, Water etc.
Public Transportation $60 (DART 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $590 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,550 - $4,000+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Independence Life & Annuity Co

1. How much does an Independence Life & Annuity Co employee make?

Independence Life & Annuity Co pays its employees an average of $102,706 per year. The average salary at Independence Life & Annuity Co range from $90,316 to $116,196 per year. 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. Which similar company tend to pay more or less than Independence Life & Annuity Co?

The salary at Independence Life & Annuity Co is lesser than the similar company. The average annual salary at Independence Life & Annuity Co is $102,706, or an hourly wage of $49, in comparison to Standard Security Life Insurance Co of NY which pays $114,477 per year or $55 per hour.

3. Do employees with advanced degrees (Master's, PhD) earn more at Independence Life & Annuity Co?

In many roles at Independence Life & Annuity Co, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

4. How does the cost of living near Wilmington affect the perceived value of a Independence Life & Annuity Co salary?

Wilmington's Cost of Living Index is approximately 98.5 (1.5% less expensive than US average; 4.3% less than DE average). This significantly impacts the purchasing power of a salary from Independence Life & Annuity Co based there. Our "Cost of Living Insights for Wilmington" module details this impact, helping you assess the 'real feel' value of your compensation.

5. What kind of benefits does Independence Life & Annuity Co typically offer employees?

Independence Life & Annuity Co generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Independence Life & Annuity Co" section on this page.

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