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Life Insurance Actuary Jobs (NOW HIRING)

AAA Life Insurance Company

Senior Actuary

Livonia, MI · Remote

... on Life Insurance and Annuity Products since 1969. At AAA Life we have over 1.8 million policies ... Monitor and incorporate evolving actuarial standards and regulatory changes into modeling and ...

AAA Life Insurance Company

Senior Actuary

Livonia, MI · On-site

... on Life Insurance and Annuity Products since 1969. At AAA Life we have over 1.8 million policies ... Monitor and incorporate evolving actuarial standards and regulatory changes into modeling and ...

Kuvare

Director, Actuary (Pricing)

Cedar Rapids, IA · On-site

We create life insurance and annuity products that protect consumers' retirements, and are ... The Actuarial team hopes to continue to develop Fellows in the Society of Actuaries. As a director ...

StateJobsNY

Supervising Actuary Life, M-4

Albany, NY · On-site

$127K - $160K/yr

... various actuarial positions in the Life and Health Bureaus. The Life and Health Bureaus are ... and health insurance industries in New York State and does so by establishing standards for ...

Ethos Life

Product Performance Actuary

$150K - $266K/yr

About Ethos Ethos is a leading life insurance technology company on a mission to protect families ... About the role Ethos is looking for an experienced actuary to lead our mortality analytics and ...

Kuvare

Actuary Analyst

Rosemont, IL · On-site

We create life insurance and annuity products that protect consumers' retirements, and are ... What you'll do As an employee in the Actuarial Development Program, your day-to-day activities will ...

DB Insurance US

Actuary - HYBRID

Anaheim, CA · On-site

$80K - $150K/yr

Actuary Location * 222 S Harbor Blvd, #720, Anaheim, CA 92805 Salary * $80,000 - $150,000/year ... Medical (PPO), dental (PPO), vision (PPO), and life insurance covered 100% by the company and 50 ...

Beneficial Life

Student Actuary

Salt Lake City, UT · Hybrid

$75K - $85K/yr

Beneficial Life Insurance Company Job Title: Student Actuary Job Type: Full Time Location: Salt Lake City, UT Pay Range: $75,000-$85,000 annually, commensurate with exam progress, education, and ...

Michigan Farm Bureau Family of Companies

MI · On-site

Maintain up-to-date information on changes in products offered by other life insurance companies ... Senior Life Actuary Qualifications Required : Bachelor's degree required, preferably in mathematics ...

Kinsale Insurance

Managing Actuary

Richmond, VA · On-site

$115K - $136K/yr

Retirement & Security - Matching 401(k) from day one, plus life insurance and disability coverage. * Continuous Learning - Education dollars available for training, certifications, and full actuarial ...

HDI Global Insurance Company

Actuary

Chicago, IL · Hybrid

$110K - $170K/yr

Actuary Location: Chicago, IL (Hybrid - 40% in office) HDI Global Insurance Company is a property ... These include medical, dental, vision, disability, life insurance, company-sponsored HRA, 401(k) ...

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How much do life insurance actuary jobs pay per year?

As of Jun 11, 2026, the average yearly pay for life insurance actuary in the United States is $88,978.00, according to ZipRecruiter salary data. Most workers in this role earn between $79,500.00 and $98,500.00 per year, depending on experience, location, and employer.

How much do 20 year actuaries make?

A 20-year experienced life insurance actuary typically earns between $120,000 and $180,000 annually, depending on the employer, location, and certifications such as ASA or FSA. Senior-level actuaries with extensive experience may earn higher salaries, especially in competitive markets or specialized roles.

Can you make 300K as an actuary?

Senior life insurance actuaries with extensive experience, advanced certifications like FSA, and specialized skills can earn salaries around or above $300,000 annually. Compensation varies based on location, employer, and level of responsibility, with top-tier professionals often reaching this level through leadership roles or consulting positions.

What do actuaries do in life insurance?

Life insurance actuaries analyze data to assess the financial risks of life insurance policies, helping companies set premiums and reserves. They use statistical models and tools like Excel and specialized software, often requiring professional certifications such as the ASA or FSA. Their work ensures the company's financial stability and profitability in the life insurance sector.

What are some common challenges faced by Life Insurance Actuaries, and how can they be addressed?

Life Insurance Actuaries often face challenges such as keeping up with changing regulations, accurately modeling long-term risks, and effectively communicating complex findings to non-technical stakeholders. Staying current with industry standards and continuous professional development are essential to address regulatory shifts. Collaborating closely with underwriters, product managers, and IT teams can also help actuaries ensure models are practical and data is reliable. Developing strong communication skills is crucial for translating technical analysis into actionable business insights.

What Does a Life Insurance Actuary Do?

A life insurance actuary helps determine pricing for life insurance policies to minimize cost and risk. As a life insurance actuary, your duties include assessing risk and uncertainty among customer bases, performing financial analysis, and creating reports for salespeople and management. Qualifications for becoming a life insurance actuary typically include a bachelor’s degree in mathematics, actuarial science, or a related field, as well as professional actuary certification. Many candidates gain relevant job experience and skills through summer internships or by starting at a different position at an insurance firm. Other useful skills include strong attention to detail, excellent written and verbal communication, and analytical problem-solving abilities.

Do actuaries make $500,000?

Life insurance actuaries can earn $500,000 or more annually, especially those in senior roles, with extensive experience, advanced certifications like the FSA or ASA, and working in high-paying markets. Compensation varies based on industry, location, and level of responsibility, with top earners often combining base salary, bonuses, and profit sharing.

What is the difference between Life Insurance Actuary vs Pension Actuary?

AspectLife Insurance ActuaryPension Actuary
Required CredentialsFellowship in actuarial societies (e.g., SOA, CAS)Fellowship in actuarial societies (e.g., SOA)
Work EnvironmentInsurance companies, consulting firmsRetirement plan providers, consulting firms
Industry UsagePrimarily insurance industryPrimarily pension and retirement industry
Common Search/ComparisonYesYes

The main difference between a Life Insurance Actuary and a Pension Actuary lies in their focus areas. Life Insurance Actuaries primarily assess risks and set premiums for life insurance products, while Pension Actuaries focus on designing and valuing retirement plans. Both roles require similar credentials and often work in related industries, but their specific expertise and client needs differ.

What are the key skills and qualifications needed to thrive as a Life Insurance Actuary, and why are they important?

To thrive as a Life Insurance Actuary, you need a strong background in mathematics, statistics, and actuarial science, typically supported by a relevant degree and progress toward actuarial certification (such as SOA exams). Proficiency with actuarial modeling software, spreadsheets, and risk analysis tools is essential for daily work. Analytical thinking, attention to detail, and effective communication skills help actuaries explain complex concepts and collaborate with colleagues. These skills are vital for accurately assessing risk, developing insurance products, and ensuring sound financial decision-making within insurance companies.

What does a Life Insurance Actuary do?

A Life Insurance Actuary is a professional who uses mathematics, statistics, and financial theory to analyze and manage risks related to life insurance policies. They calculate premiums, reserves, and dividends, as well as evaluate the likelihood of future events such as mortality rates. Actuaries also help design insurance products and ensure that life insurance companies remain financially stable. Their work is crucial for pricing policies accurately and protecting both the company and policyholders.
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Life Insurance Actuary jobs near you
Actuary

Actuary

Jackson National Life Insurance Company

Lansing, MI • On-site

Full-time

Posted 28 days ago

Job description

If you are an internal associate, please login to Workday and apply through Jobs Hub.
Job Purpose
Responsible for complex actuarial projects in product development, financial modeling, financial reporting, risk analysis, or data analysis assignments, as applicable. Independently performs activities related to the application of advanced actuarial principles for insurance/finance. Through collaboration with technical teams, leads projects associated with the development of actuarial models, databases, and methodologies.
Essential Responsibilities
  • Actively participates in or leads small team meetings, cross-functional team meetings and meetings with senior management.
  • Manages own time and works with manager to set priorities, set deadlines and share project status.
  • Communicates with peers, manager, and senior management orally and in writing, using such tools as email and Microsoft Teams.
  • Assists in communication with external parties.
  • Composes reports presenting analysis to senior management.
  • Creates and maintains model documentation in accordance with Jackson's Model Risk Management Policy, as needed.
  • Recommends and provides manager level review of changes to the coding and structure of actuarial tools, as assigned.
  • Leads processes for production of actuarial output, such as calculated reserves, cash flow projections, product pricing, experience data, etc.
  • Analyzes and validates actuarial output.
  • Develops improvements in methods and procedures as necessary to improve efficiency and controls.
  • Leads small team and cross-functional projects, creating project plans and assigning tasks.
  • Mentors junior associates on technical topics and trains them to perform processes.
  • Serves as an expert resource for selected areas of regulatory, professional, or technical knowledge.

Other Duties
  • Performs other duties and/or projects as assigned.

Knowledge, Skills and Abilities
  • Advanced knowledge of actuarial mathematics/concepts and ability to lead others in applying those concepts to work product.
  • Advanced knowledge of one or more of insurance product lines (life, annuities).
  • Expert in at least one key field of actuarial work (pricing, financial reporting, data analysis, or modeling). General understanding of at least one other key field of actuarial work.
  • Expert knowledge of at least one actuarial application used by Jackson, such as SAS, Python, ALFA, etc.
  • Ability to train associates in the use of Jackson actuarial applications.
  • Ability to guide others in following processes and running actuarial models or programs.
  • Ability to effectively communicate with actuarial associates at all levels and across functional teams, as well as assist in communications with external parties, verbally and in written form.
  • Ability to write effective formal reports for senior actuarial management and for members of other functional teams.
  • Ability to lead and add value in cross-function team meetings.
  • Ability to work on multiple projects, meet deadlines, and prioritize work based on minimal guidance.
  • Ability to organize and lead projects.
  • Ability to perform manager level review of processes and implementations of changes to actuarial tools.

Qualifications
  • Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics, Computer Science, or related field of study required.
  • 5+ years actuarial experience and FSA or 8+ years actuarial experience and ASA required.
  • 7+ years actuarial experience and FSA or 10+ years actuarial experience and ASA preferred.
  • Life and annuity experience preferred.
  • Continuing efforts to pursue Fellow of the Society of Actuaries (FSA) preferred.

Jackson is proud to be an equal opportunity workplace. The Company subscribes to and endorses federal and state laws and regulations relating to equal employment opportunity for all persons without regard to race, color, religion, gender, age, national origin, legally-recognized disability, marital status, legally-protected medical condition, citizenship, ancestry, height, weight, sexual orientation, veteran status, or any other factor not related to the needs of the job. The Company is committed to a policy of equal opportunity. Company facilities and campuses are tobacco-free environments.

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