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Group insurance specialist vs licensed agent

The differences between group insurance specialists and licensed agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a group insurance specialist has an average salary of $78,050, which is higher than the $42,315 average annual salary of a licensed agent.

The top three skills for a group insurance specialist include invoice, life insurance and group insurance. The most important skills for a licensed agent are HIPAA, customer service, and inbound calls.

Group insurance specialist vs licensed agent overview

Group Insurance SpecialistLicensed Agent
Yearly salary$78,050$42,315
Hourly rate$37.52$20.34
Growth rate6%6%
Number of jobs45,62968,666
Job satisfaction--
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 52%
Average age4646
Years of experience--

Group insurance specialist vs licensed agent salary

Group insurance specialists and licensed agents have different pay scales, as shown below.

Group Insurance SpecialistLicensed Agent
Average salary$78,050$42,315
Salary rangeBetween $63,000 And $96,000Between $28,000 And $62,000
Highest paying City-Kirkland, WA
Highest paying state-Alaska
Best paying company-HPOne
Best paying industry-Insurance

Differences between group insurance specialist and licensed agent education

There are a few differences between a group insurance specialist and a licensed agent in terms of educational background:

Group Insurance SpecialistLicensed Agent
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Group insurance specialist vs licensed agent demographics

Here are the differences between group insurance specialists' and licensed agents' demographics:

Group Insurance SpecialistLicensed Agent
Average age4646
Gender ratioMale, 35.0% Female, 65.0%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, 66.2% 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 group insurance specialist and licensed agent duties and responsibilities

Group insurance specialist example responsibilities.

  • Manage communication points between corporate advisers, providers and patients for medical service advisory requests.
  • Provide unparallele brokerage services, specifically focusing on a thorough analysis of business risk and comprehensive options for clients.
  • Process new and renewing business utilizing the BlueStar membership system.

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

Group insurance specialist vs licensed agent skills

Common group insurance specialist skills
  • Invoice, 57%
  • Life Insurance, 8%
  • Group Insurance, 7%
  • Customer Calls, 4%
  • Mental Health, 4%
  • Group Therapy, 3%
Common licensed agent skills
  • HIPAA, 31%
  • Customer Service, 11%
  • Inbound Calls, 9%
  • Casualty Insurance, 6%
  • Life Insurance Products, 6%
  • Financial Services, 5%