Post job

Commercial lines insurance agent vs life insurance agent

The differences between commercial lines insurance 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 $55,459 average annual salary of a commercial lines insurance agent.

The top three skills for a commercial lines insurance agent include insurance carriers, insurance products and insurance quotes. The most important skills for a life insurance agent are health insurance, life insurance license, and life insurance sales.

Commercial lines insurance agent vs life insurance agent overview

Commercial Lines Insurance AgentLife Insurance Agent
Yearly salary$55,459$62,552
Hourly rate$26.66$30.07
Growth rate6%6%
Number of jobs84,53968,781
Job satisfaction--
Most common degreeBachelor's Degree, 52%Bachelor's Degree, 53%
Average age4646
Years of experience--

Commercial lines insurance agent vs life insurance agent salary

Commercial lines insurance agents and life insurance agents have different pay scales, as shown below.

Commercial Lines Insurance AgentLife Insurance Agent
Average salary$55,459$62,552
Salary rangeBetween $35,000 And $87,000Between $39,000 And $99,000
Highest paying City-Anchorage, AK
Highest paying state-Alaska
Best paying company-AIG
Best paying industry-Insurance

Differences between commercial lines insurance agent and life insurance agent education

There are a few differences between a commercial lines insurance agent and a life insurance agent in terms of educational background:

Commercial Lines Insurance AgentLife Insurance Agent
Most common degreeBachelor's Degree, 52%Bachelor's Degree, 53%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Commercial lines insurance agent vs life insurance agent demographics

Here are the differences between commercial lines insurance agents' and life insurance agents' demographics:

Commercial Lines Insurance AgentLife Insurance Agent
Average age4646
Gender ratioMale, 33.6% Female, 66.4%Male, 53.7% Female, 46.3%
Race ratioBlack or African American, 9.5% Unknown, 3.6% Hispanic or Latino, 16.4% Asian, 4.1% White, 66.3% 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 Percentage7%7%

Differences between commercial lines insurance agent and life insurance agent duties and responsibilities

Commercial lines insurance agent example responsibilities.

  • Work with people in retirement helping manage their health and life insurance, also help structure their 401k's into annuities.
  • Provide unparallele brokerage services, specifically focusing on a thorough analysis of business risk and comprehensive options for clients.
  • Act as a retention specialist for Cigna Healthspring during AEP.

Life insurance agent example responsibilities.

  • Used consultative upselling techniques to provide leads
  • License in state of VA to sell life insurance, annuities, disability income, Medicare supplements, and LTC.
  • Use of a variety of tools to help employers compile the best possible life insurance or annuity packages to retain employees.
  • Market life insurance and annuity products
  • Maintain knowledge of states insurance laws and HIPPA compliance.
  • Examine doors, windows and gates to ensure that they are secure.
  • Show more

Commercial lines insurance agent vs life insurance agent skills

Common commercial lines insurance agent skills
  • Insurance Carriers, 30%
  • Insurance Products, 26%
  • Insurance Quotes, 13%
  • Insurance Policies, 6%
  • Professional Customer Service, 6%
  • AMS, 5%
Common life insurance agent skills
  • Health Insurance, 24%
  • Life Insurance License, 16%
  • Life Insurance Sales, 14%
  • Work Ethic, 10%
  • Lead Generation, 8%
  • Develop Leads, 5%