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What is the salary range of Life Insurance Underwriter II?

As of December 01, 2024, the average annual pay of Life Insurance Underwriter II in New Bedford, MA is $76,790. While Salary.com is seeing that Life Insurance Underwriter II salary in New Bedford, MA can go up to $96,773 or down to $60,895, but most earn between $68,470 and $87,250. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Life Insurance Underwriter II in the United States.

Life Insurance Underwriter II Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $87,250 $7,271 $1,678 $42
Average $76,790 $6,399 $1,477 $37
25th Percentile $68,470 $5,706 $1,317 $33

Average Salary

25% $68,470 10% $60,895 90% $96,773 75% $87,250 $76,790 50%(Median) Didn’t find job title? Click
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Salary.com provides you with accurate and diversified Life Insurance Underwriter II salary data based on specialized databases to help you get a fairer salary. Click the switch button below to see more details about Life Insurance Underwriter II hourly pay, weekly pay, monthly pay and so on.

Last Updated on December 01, 2024
Last Updated on December 01, 2024
Levels Salary
Entry Level Life Insurance Underwriter II $73,726
Intermediate Level Life Insurance Underwriter II $73,974
Senior Level Life Insurance Underwriter II $76,449
Specialist Level Life Insurance Underwriter II $80,330
Expert Level Life Insurance Underwriter II $81,882
$73,726 0 yr
$73,974 < 2 yrs
$76,449 2-4 yrs
$80,330 5-8 yrs
$81,882 > 8 yrs
Last Updated on December 01, 2024
Entry Level 4%
Mid Level 4%
Senior Level 0%
Top Level 5%
Experienced 7%
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Last Updated on December 01, 2024

Job Openings of Life Insurance Underwriter II

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Cost of Living In New Bedford, MA

Cost of Living in New Bedford , MA is
11.6% Higher
than the National Average
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Best-Paid Skills and Qualifications for Life Insurance Underwriter II

What skills does a Life Insurance Underwriter II need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.

3.

Financial Analysis: Financial statement analysis (or financial analysis) is the process of reviewing and analyzing a company's financial statements to make better economic decisions to earn income in future. These statements include the income statement, balance sheet, statement of cash flows, notes to accounts and a statement of changes in equity (if applicable). Financial statement analysis is a method or process involving specific techniques for evaluating risks, performance, financial health, and future prospects of an organization. It is used by a variety of stakeholders, such as credit and equity investors, the government, the public, and decision-makers within the organization. These stakeholders have different interests and apply a variety of different techniques to meet their needs. For example, equity investors are interested in the long-term earnings power of the organization and perhaps the sustainability and growth of dividend payments. Creditors want to ensure the interest and principal is paid on the organizations debt securities (e.g., bonds) when due.

Analysis 6.48%
Futures 1.31%
Financial Analysis 1.06%
Others 91.15%
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What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Life Insurance Underwriter II higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Economics, you can get a 35% salary raise. If you are good at Analysis, your salary will increase by 24%. If you are expert in Risk Management, your salary will rise by 21%.
Skill Salary Demand
Economics
$103,667
35%
Analysis
$95,220
24%
Risk Management
$92,916
21%
Knowledge of Underwriting
$92,148
20%
Financial Statements
$90,612
18%
Tax Return
$87,541
14%
Last Updated on December 01, 2024

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average salary for a Life Insurance Underwriter II is $76,790 per year in New Bedford, MA, updated at December 01, 2024.
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