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General agent vs licensed agent

The differences between general agents and licensed agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a licensed agent has an average salary of $42,315, which is higher than the $39,307 average annual salary of a general agent.

The top three skills for a general agent include health insurance products, life insurance policies and life insurance. The most important skills for a licensed agent are HIPAA, customer service, and inbound calls.

General agent vs licensed agent overview

General AgentLicensed Agent
Yearly salary$39,307$42,315
Hourly rate$18.90$20.34
Growth rate6%6%
Number of jobs94,74068,666
Job satisfaction--
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 52%
Average age4646
Years of experience--

General agent vs licensed agent salary

General agents and licensed agents have different pay scales, as shown below.

General AgentLicensed Agent
Average salary$39,307$42,315
Salary rangeBetween $27,000 And $55,000Between $28,000 And $62,000
Highest paying City-Kirkland, WA
Highest paying state-Alaska
Best paying company-HPOne
Best paying industry-Insurance

Differences between general agent and licensed agent education

There are a few differences between a general agent and a licensed agent in terms of educational background:

General AgentLicensed Agent
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

General agent vs licensed agent demographics

Here are the differences between general agents' and licensed agents' demographics:

General AgentLicensed Agent
Average age4646
Gender ratioMale, 73.5% Female, 26.5%Male, 41.3% Female, 58.7%
Race ratioBlack or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 15.9% Asian, 4.9% White, 66.3% American Indian and Alaska Native, 0.1%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%
LGBT Percentage7%7%

Differences between general agent and licensed agent duties and responsibilities

General agent example responsibilities.

  • Increase sales of life, annuities, disability and securities from [] to []
  • Operate remote telecommunications using applications and secure computer communications to troubleshoot and resolve issues on customer Samsung devices.
  • Help maintain Primerica as the number one source for insurance needs by directly switching accounts over to the company.

Licensed agent example responsibilities.

  • Train and manage employees and achieve significant improvements in their productivity & maintain sales go9als consistently.
  • Educate and advise in different investment products, such as life insurance and fix annuities.
  • Work with clients to satisfy financial needs offering products such as life insurance, annuities, and Medicare supplements.
  • Provide education on Medicare/ Medicaid coverage, rights and responsibilities.
  • Provide objective information pertaining to coverage and how to obtain Medicaid coverage.
  • Generate referral business and cultivate individual lead sources, using networking and prospecting techniques to grow potential sales opportunities.
  • Show more

General agent vs licensed agent skills

Common general agent skills
  • Health Insurance Products, 11%
  • Life Insurance Policies, 10%
  • Life Insurance, 8%
  • Life Insurance Products, 7%
  • Long-Term Care, 7%
  • Disability Insurance, 6%
Common licensed agent skills
  • HIPAA, 31%
  • Customer Service, 11%
  • Inbound Calls, 9%
  • Casualty Insurance, 6%
  • Life Insurance Products, 6%
  • Financial Services, 5%