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The differences between insurance account representatives and life insurance agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a life insurance agent has an average salary of $62,552, 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 life insurance agent are health insurance, life insurance license, and life insurance sales.
| Insurance Account Representative | Life Insurance Agent | |
| Yearly salary | $39,881 | $62,552 |
| Hourly rate | $19.17 | $30.07 |
| Growth rate | 6% | 6% |
| Number of jobs | 104,895 | 68,781 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 53% |
| 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.
A life insurance agent is responsible for offering life insurance services for clients according to their needs and qualifications. Life insurance agents handle insurance claims of the beneficiaries, ensuring the accuracy of documents and account statements for verification. They also discuss possible options and alternatives, as well as considering the clients' long-term financial goals and objectives. A life insurance agent must be well-knowledgeable of the insurance services offered by the company, discussing policies and coverage to suit the clients' best interests.
Insurance account representatives and life insurance agents have different pay scales, as shown below.
| Insurance Account Representative | Life Insurance Agent | |
| Average salary | $39,881 | $62,552 |
| Salary range | Between $30,000 And $51,000 | Between $39,000 And $99,000 |
| Highest paying City | Milwaukee, WI | Anchorage, AK |
| Highest paying state | Wisconsin | Alaska |
| Best paying company | Guidehouse | AIG |
| Best paying industry | Insurance | Insurance |
There are a few differences between an insurance account representative and a life insurance agent in terms of educational background:
| Insurance Account Representative | Life Insurance Agent | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 53% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between insurance account representatives' and life insurance agents' demographics:
| Insurance Account Representative | Life Insurance Agent | |
| Average age | 46 | 46 |
| Gender ratio | Male, 29.3% Female, 70.7% | Male, 53.7% Female, 46.3% |
| 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, 16.0% Asian, 4.9% White, 66.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |