Life Insurance

For life insurance companies looking to assess their employee pay levels and manage their overall compensation spending, we offer two compensation surveys for sales & marketing and management & administration designed to gauge the competitive U.S. market for most roles in the industry.

Comprehensive Role Coverage

Our Life Insurance Compensation Survey covers roles in the various sales and marketing functions found at a life insurance carrier, while our Management & Administration Compensation Survey covers support roles.

Life Insurance Companies Represented

Employees Represented

Industry-Specific Compensation Data

We provide competitive market benchmarks for compensation and data across virtually all positions, from the receptionist to the CEO, found within the life insurance industry.

A sampling of functions covered includes:

Insurance Sales & Marketing
  • Wholesaling/Product Specialists
  • Internal Wholesaling/Sales Support
  • Key Account Management
  • Group Sales
  • Product Management
Insurance Management & Administration
  • Actuarial
  • Claims
  • Underwriting
  • Finance & Accounting
  • Human Resources
  • IT Management & Front Office Systems
  • Legal & Compliance
  • Risk Management

To further capture pay distinctions, data is also broken out by firm size and location. To see a full list of our functions and details about the data available, please contact us.

Survey Pricing, Access, and Support

Fees for McLagan compensation surveys vary based on size of firm, geographic footprint, and number of incumbents matched.

Survey purchases include 24/7 access to the McLagan Online client portal. This puts survey results and insights in reach at all times.

All survey clients are assigned a dedicated Relationship Manager to provide benchmarking support during the survey input, position and employee level analysis, and access to webinars and roundtables where clients receive the latest in hot topics in the market and networking opportunities with industry peers. We provide a variety of rewards and compensation advisory solutions to assist clients with their compensation, performance, and talent strategies.