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Life Insurance Management Jobs in Chicago, IL (NOW HIRING)

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Build and manage your own book of business over time What We Offer: * A steady flow of leads to ... Active life insurance license preferred; candidates willing to obtain licensing will be supported ...

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Life Insurance Management information

See Chicago, IL salary details

$31.4K

$90.8K

$135.5K

How much do life insurance management jobs pay per year?

As of Sep 6, 2026, the average yearly pay for life insurance management in Chicago, IL is $90,771.00, according to ZipRecruiter salary data. Most workers in this role earn between $74,700.00 and $103,000.00 per year, depending on experience, location, and employer.

What is life insurance management?

Life insurance management refers to the processes and activities involved in overseeing life insurance policies and portfolios. This includes underwriting, policy issuance, premium collection, claims processing, customer service, compliance, and risk assessment. Effective life insurance management ensures that policyholders' needs are met, policies are maintained, and legal and financial obligations are fulfilled. It also involves using technology and data analysis to streamline operations and improve decision-making. Life insurance managers play a crucial role in ensuring the smooth operation and profitability of life insurance companies.

What are the key skills and qualifications needed to thrive in life insurance management?

To thrive in Life Insurance Management, you need a thorough understanding of insurance products, risk assessment, regulatory compliance, and often a degree in finance, business, or a related field. Familiarity with insurance management software, CRM systems, and relevant certifications such as Chartered Life Underwriter (CLU) or LIMRA training is typically required. Strong communication, problem-solving, and leadership skills are essential for managing teams and building client relationships. These skills and qualifications are crucial for ensuring efficient operations, compliance, and sustained business growth in a highly regulated industry.

What are some typical challenges faced in life insurance management, and how can professionals effectively address them?

Professionals in Life Insurance Management often encounter challenges such as staying up-to-date with regulatory changes, managing client expectations, and handling complex policy portfolios. To address these issues, effective communication with clients and team members is essential, as is maintaining a strong understanding of evolving industry regulations and products. Additionally, leveraging technology to streamline administrative tasks and regularly participating in professional development can help managers stay ahead in this dynamic field.

What is the difference between Life Insurance Management vs Life Insurance Underwriting?

AspectLife Insurance ManagementLife Insurance Underwriting
Primary RoleOversees overall insurance operations, strategy, and team managementEvaluates individual applications to determine risk and policy approval
Required CredentialsTypically requires management experience, industry knowledge, and sometimes advanced degreesRequires actuarial certifications or underwriting licenses
Work EnvironmentOffice-based, leadership, and strategic planningAnalytical, detail-oriented, often in an office setting
Industry UsageUsed across insurance companies for leadership rolesCommonly used in insurance companies for application assessment

While Life Insurance Management focuses on overseeing insurance operations and strategy, Life Insurance Underwriting concentrates on assessing individual risks to approve or deny policies. Both roles require industry knowledge, but management emphasizes leadership, whereas underwriting emphasizes risk analysis and certification.

Is life insurance management a stable career?

Life insurance management is generally considered a stable career due to the ongoing demand for insurance products and the industry's regulatory environment. Success often depends on strong sales skills, industry knowledge, and maintaining client relationships, which can lead to consistent employment opportunities.

What are popular job titles related to Life Insurance Management jobs in Chicago, IL?

For Life Insurance Management jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Life Insurance Management jobs in Chicago, IL look for?

The top searched job categories for Life Insurance Management jobs in Chicago, IL are:

Infographic showing various Life Insurance Management job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 74% Full Time, 20% Part Time, and 5% Contract. Highlights an 89% Physical, 2% Hybrid, and 9% Remote job distribution, with an average salary of $90,771 per year, or $43.6 per hour.

Life Insurance Position - State Farm Agent Team Member

State Farm

Chicago, IL • On-site

$35K - $75K/yr

Full-time

Medical, Life, Retirement, PTO

Re-posted 29 days ago


State Farm rating

7.3

Company rating: 7.3 out of 10

Based on 1,564 frontline employees who took The Breakroom Quiz

241st of 315 rated insurance


Job description

Responsive recruiter
Replies within 24 hours
Benefits:
  • Simple IRA
  • Hiring bonus
  • Bonus based on performance
  • Competitive salary
  • Flexible schedule
  • Health insurance
  • Opportunity for advancement
  • Paid time off
  • Training & development

ABOUT OUR AGENCY:Our agency has been proudly serving the community since October 2017. We currently have four full-time team members and are excited to welcome a fifth. We believe in creating a positive and balanced workplace where people feel supported and appreciated.
We offer two office outings each year (summer and holiday), 8 paid holidays, and 15 days of PTO/sick time with some rollover options. Team members also benefit from a Pre-Tax Health Expense Reimbursement program and a Simple IRA with employer match after two years. Plus, we keep the office stocked with snacks and drinks tailored to everyone's preferences. Conveniently located in Lincoln Square and Albany Park, we're steps away from the Western bus stop and Brown Line for an easy commute.
I'm a graduate of the University of Iowa and have been with State Farm for over 11 years. As a longtime Chicago resident and proud dad of two boys, I love being part of this community. We partner with local organizations like Waters Elementary, the Lincoln Square Ravenswood Chamber of Commerce, and the North River Commission to give back and stay connected.
If you're looking to join a team that values community, work-life balance, and a supportive environment, this could be the perfect place for you.
ROLE DESCRIPTION:
Adam Garcia - State Farm Agent is seeking a qualified and empathetic professional for the role of Life Insurance Position - State Farm Agent Team Member. As a customer-oriented expert, you will market Life/Health insurance services and products to benefit customers and their families. Your sales experience equips you to continually grow your income as you provide the necessary support and reassurance.
As a strategic and emotionally intelligent resource to the community, we are excited to expand our successful agency with your skillset.
RESPONSIBILITIES:
  • Consult on life insurance products to customers.
  • Assist customers with life insurance applications and claims.
  • Provide customers with information on life insurance plans and options.
  • Maintain compliance with life insurance regulations.

QUALIFICATIONS:
  • Knowledge of life insurance products and services.
  • Strong sales and customer service skills.
  • Previous experience in life insurance sales preferred.

Compensation: $35,000.00 - $75,000.00 per year
Are You Driven & Ambitious?
Our team works hard to reach our goals together as a team and have fun while we are doing it! If you want to work in an environment that is fun, challenging, and rewarding, then Adam Garcia - State Farm Agent may be the right fit for you! If you want to make an impact, see immediate success, we could be the place for you! If you are self-motivated, possess an entrepreneurial spirit and have a desire to win and achieve results, please consider joining our team. If you believe in having fun in a stable working environment and have a willingness to learn, we should meet to discuss our career opportunity.
About Our Agency
  • Our mission is to help people manage the risks of everyday life, recover from the unexpected and realize their dreams.
  • We help customers with their insurance and financial services needs, including Auto Insurance, Home Insurance, Life Insurance, Business Insurance, Health Insurance, and Renters Insurance.
  • Our office is located in The Lincoln Square Neighborhood of Chicago.
  • I am a proud graduate of The University of Iowa.
  • Additional languages spoken: Spanish

If you want a career, not a job, then we encourage you to apply
State Farm agents are independent contractors who hire their own employees. State Farm agents' employees are not employees of State Farm. Agents are responsible for and make all employment decisions regarding their employees.

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