Best Paying Jobs in Life Insurance

Updated on February 5, 2024

The life insurance industry is a robust and dynamic sector, playing a vital role in the financial planning and security of individuals and families. With its diverse range of roles, the industry offers various high-paying career opportunities, each with unique responsibilities and requirements. These positions range from specialized roles such as actuaries and underwriters to client-facing positions like agents and consultants. This blog delves into the top ten lucrative jobs in life insurance, providing insights into their average salaries, job descriptions, key responsibilities, and the educational background needed to succeed in these roles. Whether you’re a seasoned professional or looking to enter the industry, these roles offer a mix of financial reward, professional growth, and the chance to make a significant impact on people’s lives.

1. Life Insurance Attorney

  • Average Salary: $131,319/year
  • Responsibilities: Handle legal aspects of life insurance, including claims and compliance.
  • Education: Bachelor’s degree, law degree, bar exam.

2. Claims Director

  • Average Salary: $121,032/year
  • Responsibilities: Oversee life insurance claims, manage disputes, and policy development.
  • Education: Experience in claims management.

3. Consulting Actuary

  • Average Salary: $116,861/year
  • Responsibilities: Financial analysis of life insurance policies.
  • Education: Specialized in actuarial science.

4. Life Insurance Actuary

  • Average Salary: $114,499/year
  • Responsibilities: Risk assessment, financial analysis for life insurance companies.
  • Education: Degree in actuarial science or related field.

5. Underwriting Manager

  • Average Salary: $110,889/year
  • Responsibilities: Oversee underwriting department, policy review, risk evaluation.
  • Education: Relevant experience in underwriting.

6. Claims Consultant

  • Average Salary: $88,173/year
  • Responsibilities: Process claims, investigate cases, and ensure accuracy.
  • Education: Knowledge in life insurance, strong analytical skills.

7. Insurance Manager

  • Average Salary: $80,188/year
  • Responsibilities: Policy enforcement, sales support, premium setting.
  • Education: Degree in finance or related field.

8. Life Insurance Agent

  • Average Salary: $75,683/year
  • Responsibilities: Sell life insurance policies, provide client advice.
  • Education: State certification in insurance.

9. Life Insurance Lead Generator

  • Average Salary: $42,688/year
  • Responsibilities: Generate leads for life insurance agents.
  • Education: Experience in lead generation, marketing skills.

10. Final Expense Agent

  • Average Salary: $41,889/year
  • Responsibilities: Help families with final expenses, sell relevant policies.
  • Education: Strong interpersonal skills, understanding of life insurance products.

Final Thoughts

The life insurance sector presents a diverse range of rewarding career paths. These roles not only offer financial stability but also play a crucial part in providing security and peace of mind to clients. Whether your skills lie in legal, actuarial, managerial, or sales aspects, the life insurance industry offers significant opportunities for professional growth and financial gain.

Other Jobs in Finance, Banking, and Insurance


For more detailed insights into the best-paying jobs in life insurance and tips on finding positions in this field, you can refer to Good Financial Cents’ comprehensive guide: 10 Best Paying Jobs in Life Insurance.

I agree to have my personal information transfered to MailChimp ( more information )
Join over 100,000 visitors who are receiving our newsletter and learn more about finance, immigration, and more!
We hate spam. Your email address will not be sold or shared with anyone else.

Frank Gogol

I’m a firm believer that information is the key to financial freedom. On the Stilt Blog, I write about the complex topics — like finance, immigration, and technology — to help immigrants make the most of their lives in the U.S. Our content and brand have been featured in Forbes, TechCrunch, VentureBeat, and more.

Get the Checklist