Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between agents and life insurance agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a life insurance agent has an average salary of $62,552, which is higher than the $37,864 average annual salary of an agent.
The top three skills for an agent include insurance products, customer service and life insurance. The most important skills for a life insurance agent are health insurance, life insurance license, and life insurance sales.
| Agent | Life Insurance Agent | |
| Yearly salary | $37,864 | $62,552 |
| Hourly rate | $18.20 | $30.07 |
| Growth rate | 6% | 6% |
| Number of jobs | 184,325 | 68,781 |
| Job satisfaction | 2 | - |
| Most common degree | Bachelor's Degree, 44% | Bachelor's Degree, 53% |
| Average age | 46 | 46 |
| Years of experience | - | - |
Agents are individuals who are employed by their clients to represent them in various dealings. Agents are usually employed by people in the show business industry, such as actors, writers, or directors. They meet people who are interested in dealing with their clients. They listen to the plans and vision for the project and assess if the project fits their clients' interests or public image. In the case of agents whose clients are actors, they send their clients to auditions upon review of the project details. Agents are also responsible for negotiating terms on behalf of their clients, such as salary, royalties, and set benefits, among others. They also inform the project leaders of their clients' demands on set. Agents are expected to be business-savvy and good negotiators.
A life insurance agent is responsible for offering life insurance services for clients according to their needs and qualifications. Life insurance agents handle insurance claims of the beneficiaries, ensuring the accuracy of documents and account statements for verification. They also discuss possible options and alternatives, as well as considering the clients' long-term financial goals and objectives. A life insurance agent must be well-knowledgeable of the insurance services offered by the company, discussing policies and coverage to suit the clients' best interests.
Agents and life insurance agents have different pay scales, as shown below.
| Agent | Life Insurance Agent | |
| Average salary | $37,864 | $62,552 |
| Salary range | Between $19,000 And $72,000 | Between $39,000 And $99,000 |
| Highest paying City | New York, NY | Anchorage, AK |
| Highest paying state | New York | Alaska |
| Best paying company | Latham & Watkins | AIG |
| Best paying industry | - | Insurance |
There are a few differences between an agent and a life insurance agent in terms of educational background:
| Agent | Life Insurance Agent | |
| Most common degree | Bachelor's Degree, 44% | Bachelor's Degree, 53% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between agents' and life insurance agents' demographics:
| Agent | Life Insurance Agent | |
| Average age | 46 | 46 |
| Gender ratio | Male, 50.5% Female, 49.5% | Male, 53.7% Female, 46.3% |
| Race ratio | Black or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.4% American Indian and Alaska Native, 0.1% | Black or African American, 9.4% Unknown, 3.6% Hispanic or Latino, 16.0% Asian, 4.9% White, 66.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |