Home > Salary > Israel > Insurance Underwriter Life
An insurance underwriter for life insurance is responsible for evaluating and assessing the risks associated with insuring an individual's life. They analyze various factors such as age, health, occupation, lifestyle, and medical history to determine the likelihood of a claim being made. Using actuarial tables and statistical data, they calculate the appropriate premium rates and coverage amounts for policyholders. The underwriter reviews applications, medical records, and other relevant documents to make informed decisions about accepting or rejecting insurance applications. They also collaborate with agents and brokers to clarify policy terms, answer inquiries, and provide guidance on complex cases. Accuracy, attention to detail, and strong analytical skills are crucial in this role to ensure fair pricing and minimize potential losses for the insurance company.
Estimated Yearly Salary: 253,914 ILS
Estimated Monthly Salary: 21,160 ILS
Estimated Weekly Salary: 4,883 ILS per week
Estimated Hourly Salary: 122 ILS per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 20,452 ILS
Estimated Weekly Salary: 4,720 ILS per week
Estimated Hourly Salary: 118 ILS per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 63,540 USD
Estimated Monthly Salary: 5,295 USD
Estimated Weekly Salary: 1,222 USD per week
Estimated Hourly Salary: 31 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 253,914 ILS
Estimated Monthly Salary: 21,160 ILS
Estimated Weekly Salary: 4,883 ILS per week
Estimated Hourly Salary: 122 ILS per hour
By working as Insurance Underwriter Life a person can save up to 3,109 USD per month or 37,308 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Israel, see costs of living in Israel.
Estimated Yearly Salary for Insurance Underwriter Life
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Insurance Underwriter Life salary in Israel
Average Yearly Salary of Insurance Underwriter Life in Israel is approximately 253,914 ILS (63,540 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Insurance Underwriter Life do?
An insurance underwriter for life insurance is responsible for evaluating and assessing the risks associated with insuring an individual's life. They analyze various factors such as age, health, occupation, lifestyle, and medical history to determine the likelihood of a claim being made. Using actuarial tables and statistical data, they calculate the appropriate premium rates and coverage amounts for policyholders. The underwriter reviews applications, medical records, and other relevant documents to make informed decisions about accepting or rejecting insurance applications. They also collaborate with agents and brokers to clarify policy terms, answer inquiries, and provide guidance on complex cases. Accuracy, attention to detail, and strong analytical skills are crucial in this role to ensure fair pricing and minimize potential losses for the insurance company.
Skills: Insurance underwriter, Life insurance, Risk assessment, Actuarial analysis, Policy evaluation, Premium calculation
Job industry: Insurance
Job industry: Insurance
How much does Insurance Underwriter Life make?
Salary details
How much does Insurance Underwriter Life make?Estimated Yearly Salary: 253,914 ILS
Estimated Monthly Salary: 21,160 ILS
Estimated Weekly Salary: 4,883 ILS per week
Estimated Hourly Salary: 122 ILS per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 245,424 ILSEstimated Monthly Salary: 20,452 ILS
Estimated Weekly Salary: 4,720 ILS per week
Estimated Hourly Salary: 118 ILS per hour
Last revision of data: 2024-01-07Insurance Underwriter Life estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 63,540 USD
Estimated Monthly Salary: 5,295 USD
Estimated Weekly Salary: 1,222 USD per week
Estimated Hourly Salary: 31 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Country:
Salary comparison to National average
Israel is a country located in the Middle East, bordered by Lebanon to the north, Syria to the northeast, Jordan to the east, and Egypt to the southwest. It has a diverse population of approximately 9 million people. The country covers an area of around 22,145 square kilometers (8,550 square miles). Israel is known for its rich history, cultural heritage, and religious significance.
Estimated national average yearly salary is 193,057 ILS (54,650 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Underwriter Life job salary compared to average salary in Israel.
Comparison shows that a person working as Insurance Underwriter Life in Israel earns on average:
1.32 times the average salary (or 132% of average salary).
Estimated national average yearly salary is 193,057 ILS (54,650 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Underwriter Life job salary compared to average salary in Israel.
Comparison shows that a person working as Insurance Underwriter Life in Israel earns on average:
1.32 times the average salary (or 132% of average salary).
Is Insurance Underwriter Life a well paid job?
Yes, our data shows that Insurance Underwriter Life is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Insurance Underwriter Life?
High salary for Insurance Underwriter Life would be somewhere between 279,305 ILS and 368,175 ILS. However this is an estimation based on Gaussian Distribution.How much can you save working as Insurance Underwriter Life in Israel?
Living in Israel the approximate monthly expenses are: 2,186 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 253,914 ILS
Estimated Monthly Salary: 21,160 ILS
Estimated Weekly Salary: 4,883 ILS per week
Estimated Hourly Salary: 122 ILS per hour
By working as Insurance Underwriter Life a person can save up to 3,109 USD per month or 37,308 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Israel, see costs of living in Israel.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Lebanon, Syria, Jordan, Egypt. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Insurance Underwriter Life
Lebanon is 9,646 USD
Syria is 4,271 USD
Jordan is 11,064 USD
Egypt is 4,766 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Israel
(2,288,508 ILS per year, pre-tax.)
2. Cardiologist
(1,903,781 ILS per year, pre-tax.)
(1,831,869 ILS per year, pre-tax.)
4. Neurosurgeon
(1,783,011 ILS per year, pre-tax.)
(1,778,623 ILS per year, pre-tax.)
(1,740,307 ILS per year, pre-tax.)
7. Urologist
(1,734,638 ILS per year, pre-tax.)
(1,730,943 ILS per year, pre-tax.)
9. Oncologist
(1,729,727 ILS per year, pre-tax.)
(1,729,273 ILS per year, pre-tax.)
Data as of 2025Random salary:
Account development manager (194,985 ILS per year, pre-tax.)
Trust administrator (175,704 ILS per year, pre-tax.)
Busboy (63,707 ILS per year, pre-tax.)
Help desk assistant (119,695 ILS per year, pre-tax.)
Neuroradiologist (1,318,155 ILS per year, pre-tax.)
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