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Life underwriter vs account underwriter

The differences between life underwriters and account underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, a life underwriter has an average salary of $78,633, which is higher than the $74,374 average annual salary of an account underwriter.

The top three skills for a life underwriter include underwriting decisions, risk selection and health insurance. The most important skills for an account underwriter are risk management, underwriting process, and underwriting guidelines.

Life underwriter vs account underwriter overview

Life UnderwriterAccount Underwriter
Yearly salary$78,633$74,374
Hourly rate$37.80$35.76
Growth rate-4%-4%
Number of jobs16,76756,487
Job satisfaction--
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 79%
Average age4444
Years of experience--

Life underwriter vs account underwriter salary

Life underwriters and account underwriters have different pay scales, as shown below.

Life UnderwriterAccount Underwriter
Average salary$78,633$74,374
Salary rangeBetween $53,000 And $116,000Between $49,000 And $111,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between life underwriter and account underwriter education

There are a few differences between a life underwriter and an account underwriter in terms of educational background:

Life UnderwriterAccount Underwriter
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 79%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Life underwriter vs account underwriter demographics

Here are the differences between life underwriters' and account underwriters' demographics:

Life UnderwriterAccount Underwriter
Average age4444
Gender ratioMale, 41.7% Female, 58.3%Male, 43.4% Female, 56.6%
Race ratioBlack or African American, 8.8% Unknown, 2.5% Hispanic or Latino, 9.6% Asian, 5.6% White, 73.0% American Indian and Alaska Native, 0.4%Black or African American, 9.8% Unknown, 2.5% Hispanic or Latino, 9.6% Asian, 5.6% White, 72.1% American Indian and Alaska Native, 0.4%
LGBT Percentage9%9%

Differences between life underwriter and account underwriter duties and responsibilities

Life underwriter example responsibilities.

  • Review individual mortgage origination/post origination documentation and perform database research.
  • Review individual mortgage origination/post origination documentation and perform database research.

Account underwriter example responsibilities.

  • Review individual mortgage origination/post origination documentation and perform database research.
  • Review individual mortgage origination/post origination documentation and perform database research.

Life underwriter vs account underwriter skills

Common life underwriter skills
  • Underwriting Decisions, 9%
  • Risk Selection, 8%
  • Health Insurance, 8%
  • Medical History, 6%
  • Strong Analytical, 6%
  • EKG, 5%
Common account underwriter skills
  • Risk Management, 24%
  • Underwriting Process, 17%
  • Underwriting Guidelines, 13%
  • Underwriting Authority, 10%
  • Financial Analysis, 9%
  • National Accounts, 6%

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