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Insurance Underwriter

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AVG. SALARY

$53,620

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EDUCATION

Bachelor's degree

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JOB OUTLOOK

Stable

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?