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Group insurance specialist vs life insurance agent

The differences between group insurance specialists and life insurance 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 $62,552 average annual salary of a life insurance agent.

The top three skills for a group insurance specialist include invoice, life insurance and group insurance. The most important skills for a life insurance agent are health insurance, life insurance license, and life insurance sales.

Group insurance specialist vs life insurance agent overview

Group Insurance SpecialistLife Insurance Agent
Yearly salary$78,050$62,552
Hourly rate$37.52$30.07
Growth rate6%6%
Number of jobs45,62968,781
Job satisfaction--
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 53%
Average age4646
Years of experience--

Group insurance specialist vs life insurance agent salary

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

Group Insurance SpecialistLife Insurance Agent
Average salary$78,050$62,552
Salary rangeBetween $63,000 And $96,000Between $39,000 And $99,000
Highest paying City-Anchorage, AK
Highest paying state-Alaska
Best paying company-AIG
Best paying industry-Insurance

Differences between group insurance specialist and life insurance agent education

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

Group Insurance SpecialistLife Insurance Agent
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 53%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Group insurance specialist vs life insurance agent demographics

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

Group Insurance SpecialistLife Insurance Agent
Average age4646
Gender ratioMale, 35.0% Female, 65.0%Male, 53.7% Female, 46.3%
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, 9.4% 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 group insurance specialist and life insurance 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.

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

Group insurance specialist vs life insurance 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 life insurance agent skills
  • Health Insurance, 24%
  • Life Insurance License, 16%
  • Life Insurance Sales, 14%
  • Work Ethic, 10%
  • Lead Generation, 8%
  • Develop Leads, 5%