Life underwriter vs bond underwriter

The differences between life underwriters and bond 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 $78,172 average annual salary of a bond underwriter.

The top three skills for a life underwriter include underwriting decisions, risk selection and health insurance. The most important skills for a bond underwriter are surety, financial strength, and bonds.

Life underwriter vs bond underwriter overview

	Life Underwriter	Bond Underwriter
Yearly salary	$78,633	$78,172
Hourly rate	$37.80	$37.58
Growth rate	-4%	-4%
Number of jobs	16,767	6,164
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 85%
Average age	44	44
Years of experience	-	-

Life underwriter vs bond underwriter salary

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

	Life Underwriter	Bond Underwriter
Average salary	$78,633	$78,172
Salary range	Between $53,000 And $116,000	Between $53,000 And $113,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between life underwriter and bond underwriter education

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

	Life Underwriter	Bond Underwriter
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 85%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Life underwriter vs bond underwriter demographics

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

	Life Underwriter	Bond Underwriter
Average age	44	44
Gender ratio	Male, 41.7% Female, 58.3%	Male, 54.7% Female, 45.3%
Race ratio	Black 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, 8.0% Unknown, 2.5% Hispanic or Latino, 10.4% Asian, 5.9% White, 72.8% American Indian and Alaska Native, 0.4%
LGBT Percentage	9%	9%

Differences between life underwriter and bond 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.

Bond underwriter example responsibilities.

Manage AUS findings and analyze approvals and results accordingly.
Analyze construction companies for contract surety bond credit; conduct financial analysis of corporate financial statements.
Work closely with multiple insurance agents on underwriting fidelity bonds.
Obtain information from clients and underwrite and execute bonds as attorney-in-fact.
Determine desirability of surety accounts through review and financial analysis by working with agents and clients.
Review individual mortgage origination/post origination documentation and perform database research.

Life underwriter vs bond underwriter skills

Common life underwriter skills

Underwriting Decisions, 9%
Risk Selection, 8%
Health Insurance, 8%
Medical History, 6%
Strong Analytical, 6%
EKG, 5%

Common bond underwriter skills

Surety, 40%
Financial Strength, 19%
Bonds, 15%
Underwriting Guidelines, 8%
Contractor Clients, 4%
Loss Ratio, 3%