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Insurance Underwriter

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AVG. SALARY

$68,980

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EDUCATION

Bachelor's degree

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JOB OUTLOOK

Decreasing

Real-Life Activities

Real-Life Math

"In underwriting, we work on a debit-credit system to determine the overall assessment of a case," says underwriter Neil Facteau.

The debits and credits are then calculated to determine the risk of the policy and what rates should be charged. You're looking at a disability insurance application. You set up a table of debits (-) and credits (+):

45-year-old woman-50(age debit)
Non-smoker+60
0verweight-65
Occupation -- Nurse-50(hazardous occupation)
Good medical report+45
No previous disability claims+50

What is the total of debits or credits in this particular application?

Contact

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  • 1-800-GO-TO-XAP (1-800-468-6927)
    From outside the U.S., please call +1 (424) 750-3900

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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.