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The differences between insurance account representatives 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 $39,881 average annual salary of an insurance account representative.
The top three skills for an insurance account representative include schedule appointments, customer service and develop leads. The most important skills for a licensed insurance producer are work ethic, lead generation, and annuities.
| Insurance Account Representative | Licensed Insurance Producer | |
| Yearly salary | $39,881 | $66,026 |
| Hourly rate | $19.17 | $31.74 |
| Growth rate | 6% | 6% |
| Number of jobs | 104,895 | 54,872 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 57% |
| Average age | 46 | 46 |
| Years of experience | - | - |
An Insurance Account Representative manages the accounts of the clients assigned to them. They sell and make negotiations in health, life, or other insurance. They also carry out is utilizing client-centered ability and strong customer service for strong policyholder-customer relationships. Insurance Account Representatives should develop skills in scheduling appointments, customer service, and customer identification.
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.
Insurance account representatives and licensed insurance producers have different pay scales, as shown below.
| Insurance Account Representative | Licensed Insurance Producer | |
| Average salary | $39,881 | $66,026 |
| Salary range | Between $30,000 And $51,000 | Between $44,000 And $97,000 |
| Highest paying City | Milwaukee, WI | Washington, DC |
| Highest paying state | Wisconsin | Washington |
| Best paying company | Guidehouse | Berkshire Hathaway |
| Best paying industry | Insurance | Finance |
There are a few differences between an insurance account representative and a licensed insurance producer in terms of educational background:
| Insurance Account Representative | Licensed Insurance Producer | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 57% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between insurance account representatives' and licensed insurance producers' demographics:
| Insurance Account Representative | Licensed Insurance Producer | |
| Average age | 46 | 46 |
| Gender ratio | Male, 29.3% Female, 70.7% | Male, 39.2% Female, 60.8% |
| Race ratio | Black 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, 16.1% Asian, 4.9% White, 65.9% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |