Insurance Policy Processing Clerks: Salary, Job Description, How To Become One, and Quiz

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Insurance Policy Processing Clerks career information
pros and cons of being an Insurance Policy Processing Clerk

Insurance Policy Processing Clerks

process applications for, changes to, reinstatement of, and cancellation of insurance policies. Duties include reviewing insurance applications to ensure that all questions have been answered, compiling data on insurance policy changes, changing policy records to conform to insured party’s specifications, compiling data on lapsed insurance policies to determine automatic reinstatement according to company policies, canceling insurance policies as requested by agents, and verifying the accuracy of insurance company records.

$42150
Salary
66%
Job Satisfaction
Easy
Becoming One
Medium
Job Growth
Suitable Personality

Insurance Policy Processing Clerks

Salary, Job Description, How To Become One, and More


In this career summary, you will find out what the job of an Insurance Policy Processing Clerk is about and what it is like.

After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.



Job description

Insurance Policy Processing Clerks process applications for, changes to, reinstatement of, and cancellation of insurance policies. Duties include reviewing insurance applications to ensure that all questions have been answered, compiling data on insurance policy changes, changing policy records to conform to insured party’s specifications, compiling data on lapsed insurance policies to determine automatic reinstatement according to company policies, canceling insurance policies as requested by agents, and verifying the accuracy of insurance company records.


    Read more about what does an Insurance Policy Processing Clerk really do at work and what is it like being and working as one.




    Become one

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    Salary

    Average salary
    $42150 per year

    Average hourly wage
    $20 per hour


    Insurance Policy Processing Clerks with little to no experience tend to make between $27540 and $33250 while the more experienced ones can earn over $49330 per year.

    Top 5 paying statesHourlyAnnual
    DC$27$56,710
    CT$24$50,300
    MA$23$48,820
    NY$23$48,740
    CO$23$48,700

    One of the easiest ways to increase your salary as an Insurance Policy Processing Clerk is to move to a higher paying state like DC. Right now, the highest paying states for Insurance Policy Processing Clerks are DC, CT, MA, NY and CO.

    However a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be twice as high than where you are currently at now.

    Three other factors that can increase your salary as an Insurance Policy Processing Clerk is the degree you hold, the industry you work in and lastly the company you work for.



    Requirements

    Recommended degree level
    High School Diploma (or GED)

    We asked other Insurance Policy Processing Clerks what degree they had when they got the job and most of them said they had a High School Diploma followed by an Associate’s Degree.

    Other than that, we also asked them what did they major in and here are the most popular majors that came up.

    General Office Occupations and Clerical Services

    Read more about how to become an Insurance Policy Processing Clerk and the degree, training and education you need.



    Pros and Cons

    Here are some of the pros and cons of being an Insurance Policy Processing Clerk.

    PROS
    Suitable for people who likes to follow routines
    Suitable for people who wants to work in a supportive work environment
    This career is perfect for people who love to work indoors.
    It is easy to get into this career. Some previous work-related skill, knowledge, or experience is required for this career.
    Short working hours (Less than 40 hours per week)
    CONS
    Not suitable for people who likes to work with designs
    Salary is below average



    What is the job like

    Job satisfaction
    66%

    Is this job meaningful
    40%


    66% of Insurance Policy Processing Clerks said they were satisfied with their job and 40% said they feel like their job is making other people’s lives better.



    Is this right for me

    Best personality for this career
    The Organizers and The Entrepreneurs


    You can read more about these career personality types here.

    People who are suitable for this job tends to like following set procedures and routines. They like working with data and details more than with ideas..

    They also like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.



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