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The differences between commercial lines account managers 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 $57,372 average annual salary of a commercial lines account manager.
The top three skills for a commercial lines account manager include customer service, management system and cancellations. The most important skills for a life insurance agent are health insurance, life insurance license, and life insurance sales.
| Commercial Lines Account Manager | Life Insurance Agent | |
| Yearly salary | $57,372 | $62,552 |
| Hourly rate | $27.58 | $30.07 |
| Growth rate | 6% | 6% |
| Number of jobs | 84,354 | 68,781 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 53% |
| Average age | 46 | 46 |
| Years of experience | - | - |
A commercial lines account manager is an individual who provides quality service to clients as well as act as the daily liaison between insurance company, agent, and their clients. Commercial lines account managers are required to address various coverage issues and handle inside service work that is associated with the client's account. They must assist their clients in making appropriate coverage changes and educate them about coverage, exclusions, and exposures. Commercial lines account managers must also set up finance contracts with PFS and help negotiate rates if applicable.
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.
Commercial lines account managers and life insurance agents have different pay scales, as shown below.
| Commercial Lines Account Manager | Life Insurance Agent | |
| Average salary | $57,372 | $62,552 |
| Salary range | Between $44,000 And $74,000 | Between $39,000 And $99,000 |
| Highest paying City | Bothell, WA | Anchorage, AK |
| Highest paying state | Washington | Alaska |
| Best paying company | UBS | AIG |
| Best paying industry | Start-up | Insurance |
There are a few differences between a commercial lines account manager and a life insurance agent in terms of educational background:
| Commercial Lines Account Manager | Life Insurance Agent | |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 53% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commercial lines account managers' and life insurance agents' demographics:
| Commercial Lines Account Manager | Life Insurance Agent | |
| Average age | 46 | 46 |
| Gender ratio | Male, 12.8% Female, 87.2% | Male, 53.7% Female, 46.3% |
| Race ratio | Black or African American, 9.3% 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% |