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The differences between health insurance agents and licensed insurance producers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a licensed insurance producer has an average salary of $66,026, which is higher than the $49,934 average annual salary of a health insurance agent.
The top three skills for a health insurance agent include HIPAA, health insurance and customer service. The most important skills for a licensed insurance producer are work ethic, lead generation, and annuities.
| Health Insurance Agent | Licensed Insurance Producer | |
| Yearly salary | $49,934 | $66,026 |
| Hourly rate | $24.01 | $31.74 |
| Growth rate | 6% | 6% |
| Number of jobs | 112,235 | 54,872 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 57% |
| Average age | 46 | 46 |
| Years of experience | - | - |
Health Insurance Agents are salespeople whose primary product is health insurance. Insurance companies hire them to reach sales targets. They are trained to sell insurance to individuals or groups of people. They are expected to be familiar with all the products of the company. Health Insurance Agents should assess their clients' needs and recommend the best health insurance product that fits their needs. They should be able to explain the product's features and answer any inquiries that the clients may have. Health Insurance Agents should also know how to compute insurance premiums and estimate payouts.
An Insurance producer, also called an insurance agent that promotes and sells insurance benefits and packages to clients. This includes life insurance, property, and health insurance that is offered by not only one company. They are responsible for promoting customer service and creates a good relationship between the company and the insurer. They also serve as a point of a contract if there are insurers that need someone who can assist them with what particular package they can get.
Health insurance agents and licensed insurance producers have different pay scales, as shown below.
| Health Insurance Agent | Licensed Insurance Producer | |
| Average salary | $49,934 | $66,026 |
| Salary range | Between $34,000 And $72,000 | Between $44,000 And $97,000 |
| Highest paying City | Tacoma, WA | Washington, DC |
| Highest paying state | Alaska | Washington |
| Best paying company | DialAmerica | Berkshire Hathaway |
| Best paying industry | Finance | Finance |
There are a few differences between a health insurance agent and a licensed insurance producer in terms of educational background:
| Health Insurance Agent | Licensed Insurance Producer | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 57% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between health insurance agents' and licensed insurance producers' demographics:
| Health Insurance Agent | Licensed Insurance Producer | |
| Average age | 46 | 46 |
| Gender ratio | Male, 43.5% Female, 56.5% | Male, 39.2% Female, 60.8% |
| Race ratio | Black or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.5% American Indian and Alaska Native, 0.1% | Black or African American, 9.4% Unknown, 3.6% Hispanic or Latino, 16.1% Asian, 4.9% White, 65.9% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |