Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
Life insurance underwriters are generally paid on the basis of the amount of insurance they are permitted to underwrite, i.e. a $500,000 authority may define a "junior" underwriter who can make $50,000 to $75,000. A senior underwriter with seasoned experience is going to make a six figure income. Senior underwriters who also are MDs can make considerably more,
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Most senior underwriters will make a salary between $40,000 to $60,000 per year. But a lot will depend on their experience and performance.
Also don't confuse an agent with an underwriter. Some insurance agents call themselves underwriters or field underwriters. They are not.